The number of high growth enterprises in the IT hardware wholesale sector in Turkey has shown significant fluctuation over the past decade. In 2023, the figure stood at 259 enterprises, marking a continuous recovery from previous lows. The period from 2015 to 2018 witnessed substantial volatility with values peaking at 260 in 2015 and then experiencing a sharp decline to 167 by 2019. However, since 2020, there has been a notable upward trend, with the annual growth rate in 2023 at 6.58% and a 5-year CAGR of 8.03%, reflecting solid recovery and growth.
Forecasts predict a steady rise in the number of enterprises, reaching 301 by 2028. The 5-year forecasted CAGR is 2.12%, pointing towards moderate but consistent growth, with an overall 5-year growth rate projected at 11.07%.
Future trends to watch for include:
- The impact of digital transformation and increasing demand for IT hardware driven by emerging technologies.
- Regulatory changes and economic conditions affecting the business environment in Turkey.
- The potential for further market consolidation or changes in the competitive landscape.
