The global computing electronics market has been forecast to increase at a compound annual growth rate (CAGR) of 10 per cent, reaching a value of $436.7 billion by 2018.
Manufacturers of computers, peripherals and office machinery are set to face numerous challenges such as extremely short product life cycles, concerns about overhead cost requirements and intense price competition.
Computer equipment companies have to balance their assets carefully to shorten their product time-to-market while keeping overhead and operational costs down.
Worldwide PC shipments totalled 80.3 million units in the third quarter of 2013, an 8.6 percent decline from the same period last year. This marks the sixth consecutive quarter of declining worldwide shipments.
According to a recent market report, 'Computing Electronics - Global Trends, Estimates and Forecasts, 2011-2018,' while the US accounts for the largest value share of the global market on a country basis, India and China surpasses the US in terms of growth rate anticipated in the near future.
Among the various application sectors, Computer Peripherals account for the largest share of the entire market, increasing at a CAGR of 9.1% over the next seven years. Super Computers are set to represent the fastest growing category, with a forecast CAGR of approximately 14.2 per cent through 2018.
HP and Lenovo have been virtually neck and neck for the top global position in the PC market. Lenovo took the lead, as it did last quarter, but the upcoming holiday sales season will be a key battlefield for both companies.
Lenovo accounted for 17.6 per cent of global PC shipments in the third quarter, and HP had 17.1 per cent of shipments.
For more information on the global computing electronics market, see the latest research: Global Computing Electronics Market
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