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The mini PCs market size is forecast to increase by USD 17.4 billion at a CAGR of 4.5% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The healthcare segment is estimated to witness significant growth during the forecast period. Mini PCs, a category of compact and energy-efficient computers, are gaining significant traction in various sectors due to their portability, versatility, and advanced features. In the realm of consumer electronics, mini PCs are increasingly being used for home entertainment, office work, and digital media consumption. They come with powerful processors, ample memory, and storage, enabling seamless data processing, machine learning, and AI capabilities. Moreover, mini PCs are revolutionizing industries such as healthcare, retail, manufacturing, education, and digital signage, among others. In healthcare, they facilitate the storage and accessibility of electronic health records (EHRs), enhancing the quality of patient care.
In retail, they power digital signage solutions and self-checkout systems. In manufacturing, they are utilized for industrial automation and quality control. Mini PCs are also integral to the smart home ecosystem, enabling IoT technologies to connect various smart home devices such as thermostats, lighting systems, and security cameras. With the advent of 5G connection, mini PCs offer uninterrupted streaming services, making them an essential component of the corporate and budget-conscious individual's digital transformation journey. With connectivity options galore, mini PCs are the future of hardware components in an increasingly digital world.
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The healthcare segment was valued at USD 25.80 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth due to the increasing demand for compact computing devices in various sectors. IoT devices have become integral to modern homes, leading to an increased need for unified interfaces for media centers and content streaming. Smart homes are becoming more commonplace, with home automation, personalized schedules, and routines relying on automated tasks. In commercial offices, remote work and virtual meetings require dependable computing devices that offer multimedia capabilities and communication requirements. The hybrid work models of today have led to a rise in demand for portable computer devices, including mini PCs, smartphones, tablets, and laptops.
Medical practices require computing capabilities to manage patient records, medical imaging, and diagnostic tools. The primary challenges in the mini PC market include ensuring data transfer and connectivity in healthcare networks and meeting the multimedia and communication requirements of various sectors. Millennials, who prioritize convenience and mobility, are a significant market for mini PCs, with applications ranging from digital signage technologies to mobile computing. Overall, the mini PC market is poised for growth as it addresses the needs of diverse industries and user demographics.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing use of mini PC in educational institutions is the key driver of the market.
Rapid penetration of Internet-enabled devices in educational institutes is the upcoming trend in the market.
Inadequate cybersecurity measures is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Mini PCs have been gaining popularity in recent years due to their portability, energy efficiency, and versatility. These compact devices offer powerful data processing capabilities, making them suitable for various applications, from home entertainment and office work to digital signage, industrial automation, and education. Mini PCs come with advanced hardware components, including processors, memory, and storage, that support machine learning, AI, and 5G connection. They also offer connectivity options, enabling seamless integration with streaming services, digital media consumption, and IoT technologies. The mini PC market caters to diverse industries and user groups, including consumer electronics, corporate, retail, manufacturing, and medical electronics.
Furthermore, for budget-conscious individuals, mini PCs provide an affordable alternative to high-end desktops and laptops. Enterprises use them for digital transformation initiatives, while smart home ecosystems leverage mini PCs to power smart home devices such as thermostats, lighting systems, and security cameras. Mini PCs offer great VR experiences for gaming enthusiasts and support GPU for high-performance graphics. They are also energy-efficient, making them an eco-friendly choice for home entertainment and office work. With their small footprint and diverse applications, mini PCs are poised to revolutionize the way we consume digital media and automate processes in various industries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market Growth 2024-2028 |
USD 17.4 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.24 |
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Key countries |
US, China, Japan, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Market Segmentation by Component
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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