Up and coming players in hardware space in 2010

DUBLIN, IRELAND: Research and Markets has added the report titled, Emerging Hardware Vendors: Up and Coming Players in the Hardware Space in 2010, to its line up.

The global hardware market is expected to grow at a CAGR of approximately 4.4 percent over the period 2009-2014 to reach $307.7 billion in the year 2014. Security hardware and appliances is the expected to be the fastest growing segment of the market, estimated to grow at a CAGR of 7.7 percent over the period 2009-2014.

Western Europe is the largest hardware market in the world, followed by North America. Latin America is expected to be the fastest growing market, estimated to grow at a CAGR of 6.1 percent.

Green IT and virtualization are the two key trends in the global hardware market. Concerns such as global warming, greenhouse effect, power and cooling costs and space constraints are driving these two trends.

The market is dominated by large global players such as IBM, Intel, Dell, Hewlett-Packard, Toshiba, NEC and Fujitsu. However, the market also comprises a large number of small vendors, including emerging hardware vendors, that primarily operate in smaller niche segments of the market. A majority of emerging vendors operate in the high growth areas of VoIP and mobile communication hardware and security hardware.

Key market issues
Focus on green IT and virtualization: Concerns such as global warming, green house effect, power and cooling costs and space constraints are driving the adoption of green technology and virtualization.

Focus on product innovation: Product innovation is one of the key focus areas of the emerging hardware vendors. A majority of vendors spend large amounts of their revenues on research and development.

Intense competition: Some of the key areas, such as the security hardware market and the telecom hardware market, where the emerging vendors operate are marked by intense competition. Intense competition is leading to price cuts and margin pressures.

Growth in security hardware market: The security hardware market is expected to be the fastest growing segment of the global hardware market, estimated to grow at a CAGR of 7.7% over the period 2009-2014.

Key findings from this report
* The global hardware market is expected to grow at a CAGR of 4.4 percent over the period 2009-2014 to reach $307.0bn at the end of 2014.

* Security hardware and appliances is expected to be the fastest growing segment of the hardware market, estimated to grow at a CAGR of 7.7 percent over the period 2009-2014 to $15.5 billion.

* Western Europe is the largest hardware market in the world, followed by North America. Latin America is expected to be the fastest growing market, estimated to grow at a CAGR of 6.1 percent, followed by Eastern Europe, expected to grow at a CAGR of 5 percent over the period 2009-2014.