The computer hardware market is experiencing remarkable growth due to rise of global pandemic. It is because people want to stay safe and healthy and they need to get engaged through some sort of activity within their safe havens. The world witnessed 9% increase in sale of game equipment and PC-related products. According to available data of the firm, Gartner, the shipments increased to 71.4 million units during third quarter of the last year with demand increasing to 11.4% across the US market. The data claimed that it happened for the first time that the demand in the region increased by double-digit. According to some estimates, the computer hardware market is likely to grow from $862.93 billion in 2020 to $944.09 billion during 2021. This means that the compound annual growth rate will be 9.4%. The North American market was the biggest region of computer hardware, which accounted for 43% of global sales. It is also anticipated that the tech hardware market will increase due to increasing global investment in smart city projects in various countries. Keep reading this article and you will information about Top 10 Largest Global Technology Hardware Firms as shared by Insider Monkey.
One of the best companies include Siemens AG. As per available data, the firm’s revenue stands at $97.4 billion with assets worth of $171 billion. The company is headquartered in Munich, Germany and it has a total workforce of 385,000 people. Siemens is engaged in various areas of global economies. For instance, Siemens is engaged in infrastructure, industrial and construction sectors by providing support in the areas of engineering, electrical and automation solutions. The company is also engaged in planning and developing smart city infrastructure which include security diagnostic systems and rail systems. Another popular company in this field is Microsoft Corporation. According to relevant sources, the company’s revenue has been reported at $138.6 billion with total assets worth of $285.4 billion. Currently, the company is headquartered in Redmond, WA and the total number of company workforce is 144,000. The owner of this firm has been one of the richest persons on this planet. The products like Windows operating system, tablets, phones and PC accessories and gaming products like Xbox are products of Microsoft. We only discussed two companies in this article. Are you interested to learn more about other companies? You can read about them in the article 15 Biggest Tech Hardware Companies in the World.