Europe It Device Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The European IT device market is expected to register a CAGR of 1.8% for the next five years. The IT device market is expanding due to increased demand for smartphones and increased shipment of ultra-light notebooks throughout the region.
Key HighlightsIn United Kingdom, the laptop market will expand significantly in the next year. These portable gadgets have become quite popular due to their great degree of adaptability for usage in both professional and domestic settings. As a result of the coronavirus (COVID-19) epidemic, more people are now working or attending school from home. Investments were made in new computer hardware to make hybrid systems more effective and to create incredibly portable items like laptops and tablets.
The Europe IT device market is highly fragmented, as it currently consists of many players. Several key market players are constantly working to bring advancements.A few prominent companies are entering into collaborations and are also expanding their global footprints in developing regions to consolidate their positions in the market. The major players in this market include Samsung, Motorola, Apple, Lenovo, and HP.
In October 2022, Apple, walking in line with its prior commitment to become an entirely carbon emission-free business, declared that it would make new investments to establish wind and solar projects in Europe and urged its suppliers to decarbonize processes used in manufacturing iPhones and other goods.
In September 2022, Google disclosed that it was all set to launch the Pixel 7 series in a few more European cities. This invitation's web page reveals that it will be held in Copenhagen. Following the announcement that the Pixel 7 would debut in India, this would be the smartphone series' first formal expansion in Europe in a while.
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