The global computer peripherals market has 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.
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.
Recent key Developments by the Market Players are:
- In April 2022, Dell, Nvidia, and AMD announced the power of the new Ohio AI compute cluster. The Ohio Supercomputer Center (OSC) may build a new high-performance computing cluster for AI applications based on Dell hardware with AMD Epyc processors and Nvidia accelerators.
- In April 2022, Espon announced new A4 Desktop color multifunction printer for Eco-conscious businesses.
Key Segmentation:
By Connectivity:
- Wired
- Wireless
By End Use:
- Residential Use
- Commercial Use
By Product Type:
- Input Devices
- Output Devices
- Storage Devices
By Region:
- North America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (ME&A)
- South America
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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