Hardware Support Services Market size was over USD 1.5 Billion in 2023 and is expected to exceed USD 5.7 Billion by the end of 2036, witnessing over 10.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hardware support services is evaluated at USD 1.8 Billion.
The market growth is attributed to the increase in sales of devices such as mobile, laptops, and printers due to the large adoption of personal devices. According to a recent report, in 2022, smartphone vendors sold around 1.39 billion smartphones were sold worldwide. Moreover, the affordable prices of electronic devices attract a large consumer base with various companies launching new devices to meet customer needs and enhance user experience.
Author Credits: Abhishek Verma
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