PC industry predicted to grow 40% in coming years

The global economy is still not back to where it was a few years ago after the global recession. Things are starting to look better though with signs of increased consumer spending. The CPU market grew last quarter and the sale of computers is finally starting to increase again.

Accord to research firm Research and Markets the computer industry is set to grow over the next five years. The research firm does say the growth rate will be slower than previously seen in the market though. Growth in the PC market is expected to be 40% from 231 million units shipped in 2006 to 335 million predicted to ship in 2012.

That growth represents a 6.3% compound annual growth rate. The number of PCs in use in 2011 globally is expected to pass 3 billion units. PC market revenues will continue to grow at a slower pace thanks to price declines reflected in users buying lower cost systems. Revenues are predicted to reach $380 billion in 2013 for a compound annual growth rate of 2%.