The escalating demand for faster internet has emerged as a primary driver for the U.S. technology market. As data consumption skyrockets, fueled by the proliferation of streaming services, online gaming, and remote work, there is a pressing need for more robust and high-speed internet infrastructure. This surge in demand has spurred technological advancements and investments in next-generation network technologies, such as 5G and fiber-optic systems, which promise to enhance connectivity speeds and reliability.
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Data Bridge Market Research analyses that the U.S. Technology Market is expected to reach USD 669.43 billion by 2031 from USD 390.95 billion in 2024, growing with a CAGR of 8.4% in the forecast period of 2025 to 2031.
Key Findings of the Study
Increased Cloud Adoption in Services and Infrastructure
The rise in cloud adoption is a major driver of growth in the U.S. technology market. As businesses and organizations increasingly shift their operations to cloud-based platforms, the demand for cloud services and infrastructure has surged. This trend is driven by the clouds ability to offer scalable resources, flexible computing power, and cost-effective solutions compared to traditional on-premises systems. With more companies recognizing the benefits of cloud computing, including enhanced collaboration, data storage, and access to advanced analytics, the technology sector has seen a significant uptick in investment and innovation in cloud technologies.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2025 to 2031
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Base Year
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2024
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Historic Years
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2023 (Customizable from 2017-2022)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Technology (Laptops, Desktop Computers, Tablets, Monitors, Printer, Scanner), End User (Home & Personal Use, Healthcare, Offices, Education, Retail, Security, Manufacturing, Media Broadcasting & Publishing, Military & Defense, Logistics & Transformation, Government, Gaming, Travel & Hospitality, Libraries, Legal, Law Enforcements, Construction, and Others)
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Countries Covered
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U.S.
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Market Players Covered
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Acer (Taiwan), Apple Inc (U.S.), ASUSTeK Computer Inc (Taiwan), Brother (U.S.), Canon Inc. (Japan), Dell Inc. (U.S.), DIC CORPORATION (Japan), Flint Group (U.S.), Google LLC (U.S.), Honeywell International Inc (U.S.), HP INDIA SALES PRIVATE LIMITED (U.S.), Konica Minolta, Inc. (Japan), Lenovo (China), Lexmark International, Inc. (U.S.), Microsoft (U.S.), Panasonic Corporation (Japan), Razer Inc (U.S.), SAMSUNG (South Korea), Seiko Epson Corporation (Japan), Xerox Corporation (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The U.S. technology market is segmented into two notable segments, which are based on the basis of technology and end user.
- On the basis of technology, the U.S. technology market is segmented laptops, desktop computers, tablets, monitors, printer, and scanner
In 2025, the laptops segment is expected to dominate the U.S. technology market
In 2025, the laptops segment is expected to dominate the technology market with a market share of 42.19% due to its portability, versatility, and increasing power, making it the preferred choice for both personal and professional use, especially with the rise of remote work and on-the-go connectivity.
- On the basis of end user, the market is segmented into home and personal use, healthcare, offices, education, retail, security, manufacturing, media broadcasting and publishing, military and defense, logistics and transformation, government, gaming, travel and hospitality, libraries, legal, law enforcements, construction, and others
In 2025, home and personal use segment is expected to dominate the U.S. technology market
In 2025, the home and personal use segment is expected to dominate the U.S. technology market with 14.01% market share due to increased cloud adoption in services and infrastructure.
Major Players
Data Bridge Market Research analyzes Apple Inc. (U.S.), Microsoft (U.S.), Lenovo (China), HP Development Company, L.P. (U.S.), L.P., and Brother (U.S.) as the major players operating in the U.S. technology market.
Market Development
- In September 2024, Apple Inc. announced plans to launch M4 chip-powered Macs and updated iPad models at an October event. The new releases will include the MacBook Pro, iMac, and redesigned Mac Mini, along with the iPad Mini 7 and 11th-generation iPad. The new Mac Mini is expected to feature a more compact design and additional USB-C ports. This product launch benefits Apple by enhancing its Mac lineup with faster performance and updated connectivity, attracting both new users and existing customers seeking upgraded devices
- In March 2024, Microsoft introduced new AI-powered Surface PCs, featuring Intel Core Ultra processors, available in the U.S., Canada, and Mexico. Designed for business, these devices enhance the Microsoft ecosystem, driving innovation with accelerated Copilot experiences, advanced features, and versatility to boost resilience and engagement. This launch strengthened Microsoft's position in the business PC market, showcasing its commitment to innovation and expanding its product offerings
- In September 2024, Lenovo has been named a Global Technology Partner of Formula 1, enhancing the sport with cutting-edge technology solutions. This partnership will integrate Lenovo’s advanced computing and AI capabilities into the F1 ecosystem, improving data analysis, engineering, and fan engagement. It reinforces Lenovo’s commitment to innovation and high-performance technology in global sports
- In May 2024, HP and Canva have announced a partnership to integrate Canva’s design tools with HP’s printing technology. This collaboration simplifies the creation of high-quality, personalized print materials for users. The partnership enhances HP's value proposition by offering seamless design-to-print solutions, driving customer engagement and growth
- In August 2024, Brother launched 17 new printers in New Delhi, aimed at improving productivity for SOHO, SMB, and corporate sectors. The new range featured faster print speeds, automatic duplex printing, and wireless connectivity, catering to various business needs. Brother's cost-effective Toner Box and Mono Laser Printer series provided high-volume printing with low cost-per-page, benefiting businesses by reducing operating costs and enhancing efficiency
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