Hardware

Virtual Reality is a fast-growing industry, it was estimated that over 200 million headsets will have been sold by end of 2020, with the market value for both VR hardware and software reaching well over $20 billion by then.
The collaborative robots market in Asia Pacific will grow at a 2020-2026 CAGR of 45.46% with an addressable cumulative market value of $13.17 billion over the next seven years in terms of cobot hardware.
The global market for IoT hardware for retail applications is expected to be worth more than $94 billion by 2025.
The global spending on 3D printing (including hardware, materials, software and services) is $13.8Bn in 2019, an increase of 21.2% over 2018: Research indicates a whopping worldwide spending of $22.7Bn by 2022.
Worldwide spending on digital transformation technologies - hardware, software, and services - is expected to cross the $2 trillion mark by 2021.
Annual spending on technology - platforms, solutions and hardware - is expected to reach $57.4 billion globally by 2021, with geotargeted advertising expenditures rising to $39.4 billion.
Last year, the Air Force Research Lab announced a $100 million program to develop the hardware for a satellite that will beam solar power to Earth.
With global spending on hardware, software, services and telecom projected to reach nearly $5.2 trillion this year, it's evident that technology has a growing and integral role in business operations.
The telecom industry is expected to invest $36.7 billion annually in AI software, hardware, and services by 2025, as a direct result of today's market pressures to future-proof operations with AI.
An estimated twenty to thirty million pieces of hardware will need to be replaced beginning next year, with substitutions occurring at a 3-5-2 pace: 30 percent in 2020, 50 percent in 2021, and 20 percent the year after.
Intelligently connected hardware represents the largest share of revenue, growing from US$ 200 billion in 2019 to a staggering US$ 800 billion in 2030, but will diminish in proportion as associated software and services take hold.
Global revenue for cloud and enterprise data center hardware for AI will reach almost $50 billion annually by 2025.
There is an expectation that between 2019 and 2023, companies will invest $8.2 trillion on hardware, software, and services.
The global market for IoT-focused satellite services, focused on end-device connectivity hardware and the annual connectivity fees charged, will grow to $5.9bn in 2025, after taking off in the 2021-2022 period.
Edge deployments along with cloud and colocation service providers will drive the global market for uninterrupted power supply (UPS) hardware market beyond $10 billion by 2023.
IDC predicts that 27% of the growth in AI by 2023 will be in hardware, which includes devices such as Amazon.com Inc.'s Alexa-powered smart speakers; 38% will be in services, such as IT, as companies seek outside expertise to design and implement AI projects; and 35% will be in software.
Allocations on cloud services and cloud-enabling hardware, software, and services will reach over $530 billion by 2021.
Global revenue for cloud and enterprise data center hardware for artificial intelligence (AI) will reach almost $50 billion annually by 2025.
In 2018, hardware is expected to dominate the 3D machine vision market with 44.3% market share growing at the highest CAGR in the forecast period 2018 to 2025.
Consumer spending on smart home related hardware, services and installation fees will reach $103 billion in 2019 and grow at a 11% CAGR to $157 billion by 2023.
The commercial drone market will continue growing rapidly over the next few years while providing significant opportunities to various industry participants, reaching global revenue of $13.7 billion by the end of 2025.
Supported by continued growth in digital streaming revenue, the Video Games industry will continue its upward trajectory over the five years to 2024, with industry revenue growing an estimated annualized 8.7% to total $101.2 billion.
The global Neuromorphic Computing, Ai Hardware And Edge Analytic Market is expected to witness high growth during the forecast period.

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Last updated: 26 May 2020