Although the Ukraine-Russia war has worsened the global semiconductor chip shortage and supply chain disruptions, rapid digitization across industries to enhance business operations, and a rising preference for IoT (Internet of things), AI (Artificial Intelligence), and cloud-based products and services, could aid the computer hardware industry's growth.
Furthermore, rising investments in smart city projects worldwide and continuing hybrid working trends could further augment the overall demand for computer hardware. The global computer hardware market is expected to grow to $1215.76 billion in 2022 from $1129.39 billion in 2021.
