The global sales of computer peripherals have been forecast to generate a value of US$ 446 billion in the current year 2023. The FMI market analysis report further predicts the demand for computer peripherals to grow at 10.5% CAGR from 2023 to 2033. By following this promising growth the overall market value is expected to conclude at US$ 1,214.1 billion at the end of this forecast period.
Many professionals now need numerous computer peripherals as part of their regular work routines. It has turned into a leading market growth factor with the growing trend towards remote or hybrid work and the move toward working from home.
Youngsters have also started using higher quality and advanced computer peripherals to enhance their gaming experiences since they offer greater responsiveness and less stuttering. Additionally, because they are frequently smaller than conventional computer peripherals, they are also simpler to integrate into a gaming setup.
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Virtual reality (VR) headsets are a supplementary market that is starting to get more attention nowadays with the rising popularity of metaverse technology. The global sales of VR headsets are expected to generate more than US$ 10 billion in sales in the present year.
Storage units constitute another main computer peripheral category and are anticipated to generate over US$ 40 billion in worldwide revenue during the upcoming years. Speed, dependability, and security have all improved with next-generation storage technologies that are anticipated to strengthen the overall market through the forecast years.
The sales of original computer peripherals might get constrained by customer price sensitivity and the expanse of service center networks. Consumers may choose cheaper or packaged choices, which may reduce the use of expensive or specialized computer peripherals invariably limiting the market trends.
Key Takeaways from the Computer Peripherals Market Study Report
- With the presence of many leading computer peripheral producers, the United States currently dominates the global market. As per the market survey reports, this country alone contributed almost 17.6% of the total revenue generated by the global market in 2022.
- Among the broad geographical regions, North America holds a greater market share and its overall share in 2022 was about 32.1%. Meanwhile, Europe follows it in terms of demand for computer peripherals, and European market players held nearly 25.5% revenue share that year.
- In particular, Germany is the leading producer and supplier of computer peripherals with a global market share of 10.4% recorded in 2022. On the other hand, the demand for computer peripherals is higher and it could exhibit a 9.9% CAGR over the forecast years.
- Asia Pacific countries are emerging to be lucrative hubs for computer hardware and electronics industries. As per the survey reports, Japanese manufacturers contributed for 5.4% share of the global revenue of 2022.
- China and India are identified to be the two notably growing markets and could witness CAGRs of 12.5% and 12.2% through 2033 respectively.
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Competitive Landscape for the Computer Peripherals Market Players
HP, Samsung, IBM, Apple, Dell, Microsoft, Ricoh Company, Toshiba, Canon, and Logitech International are some leading participants in the industry covered in the report. With the emergence of many regional players after the rapid growth of digitization the overall market is tremendously diversified in the present time. Compatibility issues may influence purchase decisions and impede market expansion as well as requiring a universal standard for computer peripherals.
Microsoft Incorporation revealed its plan to purchase Activision Blizzard in January 2022. Microsoft hopes to make gaming more enjoyable and social for a wider spectrum of people, available on various peripheral devices of their choice.
Key Segments Covered in the Computer Peripherals Industry Survey
Computer Peripherals Industry by Connectivity:
- Wired
- Wireless
Computer Peripherals Industry by End Use:
- Residential Use
- Commercial Use
Computer Peripherals Industry by Product Type:
- Input Devices
- Output Devices
- Storage Devices
Computer Peripherals Industry by Region:
- North America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (ME&A)
- South America
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