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Devices - Finland

Finland
  • Revenue in the Devices market is projected to reach US$1.25bn in 2024.
  • Telephony dominates the market with a projected market volume of US$811.20m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.06%, resulting in a market volume of US$1.26bn by 2028.
  • In global comparison, most revenue will be generated China (US$150bn in 2024).

Definition:

The Devices market encompasses a wide range of electronic hardware, primarily personal computers (PCs) and phones. These devices serve as essential tools for communication, productivity, and entertainment. PCs, including laptops, desktops, and tablets, are versatile computing machines used for tasks such as work, web browsing, and content creation. Mobile phones, on the other hand, are handheld devices that provide communication, access to the internet, and a multitude of applications. The Devices market is a dynamic and constantly evolving industry, driven by innovations in technology and changing consumer preferences, offering a diverse array of options to meet individual needs.

Structure:

The Devices market can be broken down into several product categories:

  • PCs: Personal computers (PCs) are electronic devices designed for individual use, allowing people to perform tasks like word processing, web browsing, and gaming.
  • Phones: Phones are handheld communication devices that allow people to make calls, send messages, access the internet, and use various applications.

Additional Information:

The market comprises revenue and revenue change. Figures are generated through both online and offline sales channels and include spending by consumers (B2C) and enterprises (B2B). Key players in the market are companies like Apple, HP, Dell, Lenovo, and ASUS. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, please use the info button right next to the boxes.

In-Scope

  • Desktop PCs, such as Dell OptiPlex 5090 and HP Pavilion Desktop
  • Laptops, such as Apple MacBook Pro and Dell XPS 13
  • All-in-one stations, such as Apple iMac and Microsoft Surface Studio
  • Tablets, such as Apple iPad and Samsung Galaxy Tab
  • Landline phones, such as Panasonic Corded Phones and AT&T Corded Phones
  • Feature phones, such as Nokia 3310 and Alcatel Go Flip 4
  • Smartphones, such as Apple iPhone and Google Pixel

Out-Of-Scope

  • PC accessories, such as Logitech MX Master 3 and Corsair K95 RGB Platinum XT keyboard
  • Cloud hosting services, such as Amazon Web Services (AWS) Elastic Compute Cloud (EC2) and Microsoft Azure Virtual Machines
  • Data Center devices, such as Cisco Nexus Series Switches and Dell EMC PowerEdge Servers
  • Devices for telecommunication sold separately (e.g., phone chargers, earphones), such as Apple AirPods and Bose QuietComfort Earbuds
Devices - Market data analysis & forecasts - Cover

Market Insights report

Devices - Market data analysis & forecasts

Study Details

    Revenue

    Notes: Data shown is using current exchange rates. Data shown reflects market impacts of Russia-Ukraine war.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data shown is using current exchange rates. Data shown does not yet reflect market impacts of Russia-Ukraine war, we are currently working on an update.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    Devices is one of the biggest IT markets in terms of revenue. It is shaped by various trends, e.g., cloud adoption, 5G or big data, as well as an increasing need of companies and consumers for flexibility and mobility. While digitization progresses, hardware devices are constantly adapted to the up-to-date standards. That is why the Devices market recovers relatively quickly after economic downturns as e.g. seen after the financial crisis of 2008. The strive for innovation powers and restores the whole market.

    Global Comparison

    Notes: Data shown is using current exchange rates. Data shown reflects market impacts of Russia-Ukraine war.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage: The data includes business spending (B2B), consumer spending (B2C), and government spending (B2G). The revenue is allocated to the country in which the money is spent at the manufacturer price level (excluding VAT). Modeling approach: Modeling is carried out by implementing a top-down approach with a bottom-up validation. By applying advanced statistical methods, forecasts are made based on historical developments, current trends, and key market indicators. The main drivers are the GDP, the level of digitization, and consumer attitudes toward device usage (e.g., “bring-your-own-device culture:” the use of personal devices for work purposes). The data is modeled in USD using current exchange rates; for the conversion of data from/into local currencies, real exchange rates are used. Further information: Updates are made twice a year if market dynamics change. COVID-19 is considered using country-specific factors.

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    Devices - Market data analysis & forecasts - BackgroundDevices - Market data analysis & forecasts - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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