IT Devices Market Size

IT Devices Market size is assessed at USD 1954.9 billion in 2024 and is set to exceed USD 6513.3 billion by the end of 2037, expanding at over 9.7% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of IT devices is estimated at USD 2144.5 billion. The rising digital shift in every organization and advancements in smart devices are driving the overall market growth.

Android-enabled IT devices are anticipated to capture 45.5% of the global IT devices market share by 2037 owing to its open-source operating system capability. Android seamlessly supports digital technologies such as artificial intelligence, 5G, and augmented reality, which drives its demand growth. North America is home to robust IT and electronics manufacturing due to the rapid expansion of corporate businesses. The Association for Manufacturing Technology (AMT), totalled USD 386.7 million in revenue of the U.S. manufacturing technology orders in May 2024. New machinery orders went up 22% in April 2024 from 6.5% in May 2023 and in the first five months of 2024, the value of orders placed exceeded USD 1.8 billion.