Hardware Support Services May Encourage High Investments As Per TBRC

Posted by praneeth on September 25th, 2018

Hardware support services includes computer and peripherals support services, storage and servers support services, networking support services and others.

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The global hardware support service market has shown a modest growth in the past years with a CAGR of over 6%. The year 2017 recorded highest ever growth in this market with a net value of USD 700 billion as per TBRC’s inhouse consultants.

TBRC’s latest report show trends in the market for each year with sourced reasons to support the growth claims.

The report also expects the hardware support services market to grow at a higher CAGR by 2021 as compared to 2017, also mentioning geographies best suited for investments with highest return rate.

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High investment in hardware and support services industry is attributed to factors such as emerging markets growth in almost all sectors, high Investments in IT companies over the past few years, technology development in recent years, high dependence on IT services globally, and other such reasons mentioned in TBRC’s report, along with latest data and future trends.

Companies included in the report are HP, IBM, and Computer Sciences Corporation.

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