Personal Computers Market Prediction: The Personal Computers market size is expected to reach US$283.50 billion by 2028 from US$199.52 billion in 2023, with a CAGR of 7.28%. The personal computers market, which has been rather stable for the past years, is undergoing technical progress recently.
Looking forward, predictions for the future of this dynamic industry are shaped by innovations in artificial intelligence, increasing demands for performance and efficiency, and evolving user expectations for seamless integration across devices.
Key players continue to push the boundaries with novel approaches to hardware design, software optimization, and ecosystem expansion. Understanding these trends is crucial for stakeholders navigating the competitive landscape of tomorrow's personal computers market.
Worldwide internet penetration has surpassed 60% and demand for personal computers is underpinned by this continued digitization. For over three-quarters of internet users, the computer screen is still the choice to surf the net.
Now the growth for personal computers is even further accelerated due to the shift to working and learning remotely. As nations emerge from the economic doldrums, hybrid working is predicted to remain the norm and demand for home office and education equipment, especially PCs, is expected to carry on. This will only keep up demand for quality computing devices to work and collaborate from home.
The personal computers market growth is also driven by the growth of esports and the popularity of gaming PCs in the custom-built systems segment. Outfitting gamers, streamers, and content creators with powerful PCs is a no-brainer for handling tasks that are taxing on resources such as gaming, video editing, and 3D rendering.
The increasing popularity of IoT gadgets and smart home products means that demand for personal computers, providing a central role for organizing and managing more and more connected devices, is also going through the roof. PCs are used in managing home automation systems, smart security and control systems thereby providing ease of control and data management within smart homes.
PCs are better suited for gaming or graphically intensive workloads, and the pace of PC hardware development is faster than people realize, with increasingly faster processors, larger memory sizes, and bigger graphics appealing to consumers and businesses. These advances make computing more versatile.
Personal computers with consumer-grade parts often cost more because of their lower-end components and durability requirements. For some, especially those working in environments with very limited resources or with people needing cost-effective solutions, this increased expense can be a major hurdle.
It's also often complex and time-consuming to integrate computers into existing systems. Professionals often use specialized computing hardwares and softwares tailored to certain needs. Integrating new personal computers (PCs) into these environments can traditionally demand a great deal of customization, testing, and validation.
Security is essential in the modern world, which is rife with scams. Today, everyone finds themselves, no matter what their field of work, more frequently a target of cyber threats and attacks, which can result in anything from operational downtime, to data breaches, to hazards to life.
Personal computers often need hardware and software geared specifically towards the users' requirements. The specification can cause difficulties in the new technologies with respect to their integration into existing systems and equipment.
Additionally, since rugged computers are designed to be used in harsher conditions, they may need more intensive maintenance and technical support only available through specialized tech support. Regular maintenance and timely inspections of components by qualified personnel ensures that machinery performs optimally and is reliant, contributing to higher operational cost.
Computers can generate heat, noise, and electromagnetic radiation during operation, and that might be harmful to the environment and human beings. Environmental issues like energy use and e-waste and health issues from long-term exposure to RFs or other airborne contaminants may hinder the market growth.
Microsoft recently introduced a new series of AI-optimized PCs called Copilot+ PCs. Built on fresh silicon that can deliver more than 40 trillion operations per second (TOPS), these PCs are said to sip power, offer all-day battery life, and support high-end AI models. For instance, they add capabilities like “Recall” that monitor and log all user behavior so this is easily searchable for effective memory and productivity.
The laptops will be priced at US$999 and will be offered by a variety of brands, including Acer, ASUS, Dell, and HP. The OpenAI model GPT-4o will give users a far more conversational style dialogue, furthering the incredible capabilities of AI running on Microsoft.
HP has expanded its OMEN series of gaming laptops in India, that, for the first time, come with AI-based noise reduction. Such move again underlines HP's dedication to AI-driven innovation in the PC space. Apart from gaming, HP also sees potential growth prospects in the education and small-to-medium business (SMB) spaces by incorporating AI-based functionality to boost productivity and improve user experience.
HP is also expanding its offline retail presence to smaller cities and towns in India to benefit from a wider consumer base. HP also intends to start domestic production under India's PLI 2.0 scheme from the middle of 2025 to capture the recovering market and regulation changes pushing for local production.
Holoware comes under a tight ship of desktop and workstation manufacturing and now they have broken into the laptop market with the launch of four different models for students, professionals, and gamers. These laptops even guarantee the maximum graphic performance with high-speed processing and state of the art cooling mechanisms.
Using these capabilities and its Atmanirbhar Bharat vision, the Chennai-based company hopes to compete in India's highly competitive laptop market. Besides this, Holoware is aiming to open 20 exclusive experience centers in India by the end of the current financial year to have a better customer engagement and market presence.
The world's largest PC maker, Lenovo and China's Alibaba Group will produce AI PCs and enterprise solutions. Lenovo's AI PCs, like the Yoga Book 9i, have the Tongyi Qianwen language model from Alibaba to speed up interaction with the user and increase productivity.
In addition, Lenovo teamed up with JD.com to drive sales of AI devices in China, aiming to generate significant revenue by 2026. These partnerships show how Lenovo is strategically placing AI as part of its move to keep up with the fast-growing world of tech.
The partnership between Microsoft and OpenAI begins with a major new AI supercomputing capability on Microsoft Azure. This will be used to train OpenAI's advanced AI models as well as a wide range of other systems. The new partnership will cover AI computing as well as research and commercialization and ensure Azure to be the premier cloud for OpenAI's entire workload.
Microsoft will apply OpenAI's AI models to consumer enterprise products. The software company's licensing agreement with the artificial intelligence startup will allow it to provide OpenAI's cutting-edge models in its digital assistants, including Cortana.
Taken together, these are the details of the partnership that show how two companies - with a commitment to democratizing AI and furthering responsible AI research - are moving forward innovatively and demonstrating what a new model of industry collaboration leveraging AI as a platform for transformation can look like.
Intel and Samsung Electronics have collaborated on the launch of the All-in-One Pro PC. This new product integrates Intel’s Core Ultra AI PC processor and features Intel’s external GPU, Arc, enhancing graphic performance and power efficiency. Samsung's All-in-One Pro also introduces a Microsoft Copilot hotkey on its wireless keyboard, highlighting further integration of AI capabilities.
The partnership aims to leverage AI advancements directly within PCs, enhancing user experience and productivity through specialized software bundles like the AI Creator App Package. This collaboration underscores a strategic focus on integrating cutting-edge technology into consumer PCs for enhanced functionality and performance.
In conclusion, the future of personal computers market stands at a pivotal moment where innovation and integration are paramount. Predictions indicate a trajectory towards AI-powered computing, enhanced connectivity, and sustainability-driven design. As consumers and businesses alike seek smarter, more efficient solutions, the industry must adapt by embracing these trends and delivering products that meet evolving needs.
With continued investment in research, development, and partnerships, the future promises a vibrant ecosystem where personal computers not only empower productivity but also enrich daily lives through seamless technology experiences.
Lenovo is the global market leader in personal computers. The company has solidified its position as the largest PC manufacturer worldwide through its innovative technology products, reliable customer service, and smart business strategy. HP Inc. is the second-largest PC manufacturer, followed by Dell Technologies Inc. at 17.5%.
Lenovo is the global leader in personal computer sales. It has maintained this position since 2013, followed closely by HP and Dell. Lenovo's dominance is attributed to its strong presence in emerging markets and its ability to adapt to changing consumer preferences.
HP is the best computer brand in India, with a market share of 30% as of Q1 2024. Dell follows closely with a market share of 18%, and Lenovo is third with a market share of 15%.
The top PC manufacturers in 2024 are Lenovo, HP, and Dell.
The PC market is shrinking due to a combination of factors, including the anticipation of a global recession, increased inflation, and higher interest rates. These economic conditions have led to a decline in consumer confidence and a lack of affordability, causing a drop in PC demand. Additionally, the industry is facing supply chain issues and inventory bottlenecks, which have further exacerbated the decline.