Hardware

[New] The annual SMB spending on cyber security (including hardware, software and services) worldwide will grow by 10% year-on-year from 2019 onwards, and will reach almost USD 80 billion by 2024.
Global revenue from artificial-intelligence hardware, software, and services will climb roughly 12% annually to reach $156.5 billion in 2020, and spending is expected to accelerate as coronavirus-related pressures ease.
Worldwide spending on commercial virtual reality solutions inclusive of hardware, software, and services will grow to $7.1 billion in 2020, up from $4.5 billion in 2019.
The virtual reality (VR) industry is growing at a startling pace: consumer VR hardware and software markets are projected to be worth over $16 billion by 2020.
Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are expected to total $156.5 billion in 2020, an increase of 12.3% over 2019.
While worldwide spending on digital transformation technologies - hardware, software, and services - will cross the $2 trillion mark by 2021, organizations are struggling with both the digital and leadership capabilities required for success.
The global telemedicine technologies market, including hardware, software, and services, was valued at $17.8 billion in 2014 and is predicted to grow at a compound annual growth rate of 18.4% from 2014 to 2020.
Wikibon expects Arm-led hardware, frameworks, and software to dominate the enterprise Heterogeneous Compute market segment over the next decade.
North America is expected to have a leading share in the Hardware Encryption Devices Market over the coming years.
Worldwide spending on security-related hardware, software, and services is forecast to reach $133.7 billion in 2022 at a compound annual growth rate of 9.9%.
Hardware will still be required, but it could be located anywhere; software will continue to coordinate the increasing complexity to the point where location of hardware will increasingly become irrelevant in 2020.
Global robotic spending for hardware, services and software is expected to triple by the end of 2021, to $215 billion.
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.

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Last updated: 22 September 2020