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US Information Technology (IT) Equipment Revenue to Reach $128bn by 2023

US Information Technology (IT) Equipment Revenue to Reach $128bn by 2023

Data gathered by Learnbonds.com indicates that in the next three years, revenue from the United States IT equipment market will hit $128 billion. The data further indicates between 2012 and 2020, the revenue has grown by about 8%.

PCs earnings remain high

Generally, the revenue from this market has steadily been rising, a trend set to continue in the coming years. By 2021, the revenue is set to increase by 2.54% to hit $126.51 billion while in 2022, the returns will slightly grow to $127.32 billion.

Revenue from PCs remains the highest and 020 estimates stand at $71.14 billion. In the next three years, the revenue will grow by $71.86 billion representing 0.2% from the 2022 estimate of $71.73 billion.

Elsewhere, revenue from peripherals is also set to grow to $33.37 billion by 2023, an increase of 2.5% from the projected 2020 revenue of $32.55 billion.

The revenue estimates might be heavily swayed based on various factors. According to the report:

“The projected revenue from IT equipment might soar more than expected this year due to the ongoing Coronavirus crisis. With 1/3 the global population living in quarantine, this might act as a catalyst for acquiring IT equipment.”

With an estimated revenue of $125.48 billion from the IT equipment market, the United States holds the top position with only China coming close at $123.24 billion. Japan is third with $27.96 billion followed by at 26.40 billion. Brazil occupies the fifth slot with projected revenue of $23.24.

Other countries with top IT revenue equipment for 2020 include Germany ($18.35), UK ($16.82), France ($15.49), Mexico ($14.54) and Canada ($14.14).

In the future, the IT equipment market will see new trends like adapting to technologies such as the internet of things (IoT).

The full story, statistics and information can be found here: https://learnbonds.com/news/us-it-equipment-revenue-to-reach-128bn-by-2023/

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