India IT Hardware Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 19.77 Billion |
| Market Size (2029) | USD 27.86 Billion |
| CAGR (2024 - 2029) | 7.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India IT Hardware Market Analysis
The India IT Hardware Market size is estimated at USD 19.77 billion in 2024, and is expected to reach USD 27.86 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).
Rapid growth in laptop demand drives hybrid work adoption: The India IT Hardware Market is experiencing a significant surge in laptop demand, primarily driven by the widespread adoption of hybrid work policies. Organizations across India have rapidly implemented remote work practices, necessitating substantial investments in computer hardware. Major tech companies like Infosys and Wipro have reported a notable increase in remote workers, fueling sales across various laptop segments. This shift toward hybrid work arrangements is expected to persist, maintaining steady demand for reliable and portable computing devices.
- Digital India & Make in India Initiatives: The 'Digital India' and 'Make in India' initiatives have been instrumental in propelling the IT hardware sector’s growth, especially laptops.
- Educational Shift: Educational institutions have embraced online learning systems, resulting in increased laptop demand among both educators and students.
- E-commerce Surge: Platforms like Amazon, Flipkart, and Reliance Digital have significantly boosted laptop sales through competitive pricing and easy accessibility.
- Accessory Market: The rise in laptop sales has coincided with higher demand for peripherals and accessories, supporting the development of efficient home office setups.
- Technology integration drives efficient computing systems: High demand for technology integration and efficient computing systems is reshaping the Indian IT hardware landscape. Businesses across various sectors are adopting Industry 4.0 technologies, such as IoT, automation, and data analytics, which require powerful computing infrastructure. This trend is particularly evident in sectors like manufacturing, healthcare, retail, and startups.
- Smart City Project: The Indian government's Smart City project is driving demand for integrated technology solutions and efficient computer systems.
- Telemedicine Growth: Telemedicine and digital health services have surged, requiring robust IT hardware infrastructure to handle the increased demand.
- Data Center Expansion: Providers like Microsoft Azure, Google Cloud, and Amazon Web Services are expanding their presence in India, investing heavily in IT hardware.
- AI & ML Adoption: The adoption of AI and machine learning technologies across industries is creating demand for high-performance computing hardware, including GPUs and accelerators.
- Public sector digitization accelerates IT hardware adoption: The increasing digitization of India's public sector is a significant driver of the IT hardware market. The government's ambitious "Digital India" program, including the Aadhaar digital identity system, e-governance initiatives, and digital literacy campaigns, has amplified demand for IT infrastructure.
- E-Governance Impact: National e-governance plans and state-specific government projects have led to increased demand for servers, networking hardware, and secure IT hardware.
- Digital Payments: Digital payment systems like UPI have grown in popularity, driving the need for secure payment gateways and POS devices.
- Public Distribution System: The digitization of the public distribution system has created demand for back-end servers, biometric devices, and point-of-sale terminals.
- Judicial System Transformation: The Indian judiciary's shift toward digital courts has increased demand for robust IT infrastructure, including servers and video conferencing tools.
- Market challenges and future outlook: The market faces challenges, particularly concerning e-waste management. As technology evolves rapidly, the lifespan of IT hardware devices shortens, resulting in higher e-waste volumes, which is becoming a growing concern for the industry and policymakers.
Looking ahead, several factors will drive continued growth in the Indian IT hardware market:
- 5G & Edge Computing: The expansion of 5G networks and edge computing is expected to fuel demand for specialized hardware.
- Sustainability Focus: Increased focus on sustainability is leading to the development of energy-efficient hardware and eco-friendly certifications.
- Emerging Technologies: The rise of VR, AR, and the metaverse will require advanced hardware solutions to support new experiences.
- Government Investments: Continued government initiatives in digital infrastructure will sustain market growth.
India IT Hardware Market Trends
PC and Workstations to Hold Significant Market Share
- PC and Workstations Segment: Largest Market Share: The PC and Workstations segment commands the largest share of the India IT Hardware Market, accounting for 71.40% of the market in 2022. Valued at USD 12.43 billion in 2022, this segment is projected to reach USD 17.11 billion by 2028, with a CAGR of 5.62% during the forecast period (2023-2028).
- Government-Driven Growth: Government-driven education projects and procurement of upgraded PCs have fueled demand, with government enterprise PC purchases significantly boosting demand in 2022.
- Technological Advancements: Companies like HP are introducing AI-enabled PCs, with innovative models set to enter the market by 2024, allowing advanced functionalities such as AI-powered data analysis.
- Product Diversification: Dell launched a new product portfolio in April 2023, including Latitude Notebooks and Precision Mobile Workstations, targeting various market segments and price points.
- Enterprise Networking Hardware: Fastest Growing Segment: Valued at USD 1.43 billion in 2022, the Enterprise Networking Hardware segment is projected to reach USD 2.49 billion by 2028, registering a CAGR of 10.12%.
- Technological Drivers: The increasing complexity of hybrid cloud environments is driving demand for secure and seamless networking solutions.
- Product Innovation: NETGEAR launched a 10G/Multi-Gigabit Dual WAN Pro Router in 2023 to meet the high-performance needs of businesses, offering solutions for advanced networking requirements.
- Local Manufacturing Initiatives: Companies like Ciena and Flex are partnering to manufacture routing and switching products in India, aligning with the 'Make in India' initiative.
North India to Witness Major Growth
- North India: Fastest Growing Regional Segment: North India is emerging as the fastest-growing regional market, with a valuation of USD 5.30 billion in 2022, projected to reach USD 8.30 billion by 2028, at a CAGR of 7.92%.
- Industrial Hub: Haryana, with hubs like Gurugram and Manesar, has become a center for IT equipment production and assembly, offering advanced infrastructure and strategic location advantages.
- Corporate Presence: Major IT companies like HCL and HP have strong operations in the region, driving local demand and supply of IT hardware.
- Educational Ecosystem: North India’s educational institutions and vocational schools provide a qualified IT workforce, contributing to regional growth.
India IT Hardware Industry Overview
Global and Local Players Dominate Fragmented Market: The India IT Hardware Market is fragmented, with global players like HP Inc., Dell Technologies, and Cisco competing alongside local manufacturers. This mix of players fosters competition and innovation, contributing to market growth.
Market Leaders Leverage Innovation: Global players like HP and Dell maintain their competitive edge through continuous innovation and product diversification, particularly in the PC and workstation segments.
Strategic Partnerships: Partnerships, such as Intel’s collaboration with VVDN Technologies for device manufacturing, are key to maintaining leadership in the IT hardware market.
Emerging Technologies: Leaders in networking hardware like Cisco are focusing on 5G-ready solutions, positioning themselves at the forefront of the growing demand for advanced IT infrastructure.
Factors for Future Success: To succeed, companies must focus on developing energy-efficient, innovative products aligned with emerging technologies like AI, IoT, and 5G. Expanding local manufacturing, adhering to sustainability practices, and forming strategic partnerships will be key to capturing market share and responding to the evolving needs of key sectors like BFSI and e-commerce.
India IT Hardware Market Leaders
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HP Inc.
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Samsung Electronics Co. Ltd
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IBM
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Dell Technologies Inc.
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Acer Inc.
*Disclaimer: Major Players sorted in no particular order
India IT Hardware Market News
- April 2024 - Tata Consultancy Services (TCS) and Bharat Sanchar Nigam Limited (BSNL) have joined forces in a USD 1.6 billion deal to construct four data centers in India. These centers are part of a strategic collaboration between the IT giant TCS and the state-owned telco BSNL. Each of the country's four regions (north, east, south, and west) will host a primary data center complemented by a secondary disaster recovery facility.
- April 2024 - Hewlett Packard Enterprise (HPE) has accelerated the deployment of its "Made in India" servers to meet the rising demands of Indian customers, surpassing its initial timeline. VVDN manufactures HPE servers at its advanced facility in Manesar, tailoring them to diverse applications and workloads.
- April 2024 - Altos India is bolstering its commitment to the "Make in India" initiative by broadening its manufacturing scope to encompass high-end workstations and servers. Altos India has recently introduced two state-of-the-art servers specifically crafted to cater to the dynamic requirements of expansive IT and cloud data centers. These two products, crafted under India's Make in India initiative, are specifically designed to cater to the needs of corporate customers. Altos India's strategic pivot towards high-end manufacturing signifies a pivotal commitment to bolstering domestic production.
- January 2024 - Foxconn, a Taiwanese electronics player, has partnered with the HCL Group to establish an outsourced assembly and testing (OSAT) facility in India. This strategic move not only signifies Foxconn's expedition into the Indian market but also underlines a joint effort to bolster the country's supply chain resilience and nurture a robust ecosystem.
India IT HardwareMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHT
4.1 Market Insights
4.2 Industry Ecosystem Analysis
4.3 Assessment of the Impact of Macroeconomic Trends
4.4 Analysis of Metros and Non-metros for Products
4.5 Analysis of Metros and Non-metros by SMEs
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rapid Growth in Demand for Laptops to Accommodate Hybrid Work Policies
5.1.2 High Demand for Technology Integration and Efficient Computing Systems
5.1.3 Increasing Digitization of the Public Sector
5.2 Market Challenges
5.2.1 Rising Concern Regarding E-waste
5.3 Digital Trends in the ICT Market Having an Overarching Impact on IT Hardware
5.4 Key Innovations in the Market
6. MARKET SEGMENTATION
6.1 PCs and Workstations
6.1.1 End-user
6.1.1.1 Consumer
6.1.1.2 Enterprise
6.1.1.2.1 SMEs
6.1.1.2.2 Large Enterprises
6.1.1.3 Industry
6.1.1.3.1 BFSI
6.1.1.3.2 Retail
6.1.1.3.3 IT and Telecom
6.1.1.3.4 Other Industries
6.1.2 Segmentation by Region
6.1.3 List of Major Vendors in the Segment
6.2 Enterprise Networking Hardware
6.2.1 Enterprise
6.2.1.1 SMEs
6.2.1.2 Large Enterprises
6.2.2 Industry
6.2.2.1 BFSI
6.2.2.2 Retail
6.2.2.3 IT and Telecom
6.2.2.4 Other Industries
6.2.3 Segmentation by Region
6.2.4 List of Major Vendors in the Segment
6.3 Enterprise Storage Devices
6.3.1 Enterprise
6.3.1.1 SMEs
6.3.1.2 Large Enterprises
6.3.2 Industry
6.3.2.1 BFSI
6.3.2.2 Retail
6.3.2.3 IT and Telecom
6.3.2.4 Other Industries
6.3.3 Segmentation by Region
6.3.4 List of Major Vendors in the Segment
6.4 Servers
6.4.1 Enterprise
6.4.1.1 SMEs
6.4.1.2 Large Enterprises
6.4.2 Industry
6.4.2.1 BFSI
6.4.2.2 Retail
6.4.2.3 IT and Telecom
6.4.2.4 Other Industries
6.4.3 Segmentation by Region
6.4.4 List of Major Vendors in the Segment
6.5 Other Hardware (Includes Hard Copy Peripherals such as Printers and Copiers)
6.5.1 List of Major Vendors in the Segment
6.6 Region
6.6.1 North India
6.6.2 East India
6.6.3 West and Central India
6.6.4 South India
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 HP Inc.
7.1.2 Samsung Electronics Co. Ltd
7.1.3 IBM
7.1.4 Dell Technologies Inc.
7.1.5 Acer Inc.
7.1.6 Lenovo Group Ltd
7.1.7 NetApp
7.1.8 Hitachi Corporation
7.1.9 Panasonic Corporation
7.1.10 Cisco Systems Inc.
7.1.11 Juniper
7.1.12 Arista
8. MARKET SHARE ANALYSIS
8.1 PC and Workstation
8.2 Networking Hardware (includes Routers, Hubs, Switches)
8.3 Storage Devices
8.4 Servers
9. FUTURE OF THE MARKET
India IT Hardware Industry Segmentation
Within the realm of technology, hardware encompasses the tangible components that constitute a computer or electronic system. This study specifically monitors the revenue generated from IT hardware sales in India. The scope of IT hardware includes PCs and workstations, networking hardware, servers, and storage devices. The scope of the study focuses on the market analysis of IT hardware across India, and market sizing encompasses the revenue generated through IT hardware sales across India by various market players. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which support the market estimation and growth rates over the forecast period. The study further analyses the industry ecosystem.
The India IT hardware market report is segmented by PC and workstations (end-user [consumer, enterprise [SMEs, large enterprises], and industry [BFSI, retail, IT and telecom, other industries]), by enterprise networking hardware (enterprise [SMEs, and large enterprises] and industry (BFSI, retail, IT and telecom, other industries]), by enterprise storage devices (enterprise [SMEs, large enterprises], industry [BFSI, retail, IT and telecom]), by server (enterprise [SMEs, large enterprises], industry [BFSI, retail, IT and telecom]), by other hardware [includes hard copy peripherals such as printers and copiers], and by region (north India, east India, west and central India, south India). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
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| Servers | ||||||
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| Other Hardware (Includes Hard Copy Peripherals such as Printers and Copiers) | |
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| Region | |
| North India | |
| East India | |
| West and Central India | |
| South India |
India IT HardwareMarket Research FAQs
How big is the India IT Hardware Market?
The India IT Hardware Market size is expected to reach USD 19.77 billion in 2024 and grow at a CAGR of 7.10% to reach USD 27.86 billion by 2029.
What is the current India IT Hardware Market size?
In 2024, the India IT Hardware Market size is expected to reach USD 19.77 billion.
Who are the key players in India IT Hardware Market?
HP Inc., Samsung Electronics Co. Ltd, IBM, Dell Technologies Inc. and Acer Inc. are the major companies operating in the India IT Hardware Market.
What years does this India IT Hardware Market cover, and what was the market size in 2023?
In 2023, the India IT Hardware Market size was estimated at USD 18.37 billion. The report covers the India IT Hardware Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India IT Hardware Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India IT HardwareIndustry Report
India IT Hardware Market Research
The India IT hardware market report provides comprehensive industry research covering the latest trends, technological advancements, and government-driven initiatives shaping the market landscape. The report highlights key segments, including laptops, desktops, and enterprise networking hardware, focusing on the rapid growth driven by hybrid work adoption, educational digitization, and the 'Digital India' and 'Make in India' initiatives. Stakeholders can expect in-depth industry analysis on factors like regional growth patterns, emerging technologies such as AI and IoT, and sustainability efforts. The full insights are available in an easy-to-read report pdf format.
This report benefits industry professionals by offering actionable insights on evolving market dynamics, competitive strategies, and future opportunities. With detailed industry trends, market segmentation, and regional analysis, stakeholders can leverage the report to make informed decisions on investments, product development, and market entry strategies. The report pdf format ensures all critical information is easily accessible, providing stakeholders with a valuable resource for navigating the growing IT hardware landscape in India.
