Devices - North America

  • North America
  • Revenue in the Devices market is projected to reach US$118.00bn in 2024.
  • Telephony dominates the market with a projected market volume of US$76.38bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.15%, resulting in a market volume of US$123.50bn by 2028.
  • In global comparison, most revenue will be generated in China (US$150bn in 2024).

Key regions: United States, Brazil, Mexico, China, India

Market
Region
Region comparison
Currency

Revenue

Please wait

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

Please wait

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

Technology

Access more Market Insights on technology topics with our featured report

This report presents a comprehensive analysis and additional information on the Devices market, in a PDF format.
Devices - Market data analysis & forecasts - Background Devices - Market data analysis & forecasts - Cover

Key Players

in percent

2022
Please wait

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

Please wait

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

Please wait

Source: Please wait

Explore more high-quality data on related topic

Discover additional markets

Explore new markets and gain valuable insights into various topics with our Market Insights search function.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)