The PC peripherals market share will post an incremental growth of USD 50.37 billion, progressing at a CAGR of 7.31% during the forecast period. The rise in digitalization in education institutions will offer immense growth opportunities to market vendors. The PC peripherals market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “PC Peripherals Market by Geography and End-user - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The PC peripherals market is segmented by end-user (business and consumers), product (printers, speakers, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
Based on the market segmentation by end-user, PC peripherals market size in the business segment will be significant during the forecast period. By geography, the increased adoption of technology in the US and Canada will drive the PC peripherals market growth in North America. 48% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for PC peripherals in North America.
The rise in digitalization in educational institutions will directly influence the sales of PC peripherals. In addition, the factors such as the rise in strategic partnerships and acquisitions are the major PC peripherals market trends that will positively impact the market growth. However, growing counterfeit products will hamper the PC peripherals market growth.
The market is fragmented due to the presence of several players. Some of the major PC peripherals market vendors are Brother Industries Ltd., Canon Inc., Dell Inc., FURUKAWA Co Ltd, HP Inc., Intel Corp., International Business Machines Corp., Logitech International SA, Microsoft Corp., Panasonic Corp, Plantronics Inc., Ricoh Co. Ltd, Samsung Electronics Co. Ltd., Seagate Technology LLC, Seiko Epson Corp., Sony Group Corp., Toshiba Corp., Western Digital Corp., Xerox Holdings Corp., and Lexmark International Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.
Precise market size estimation during the forecast period 2022-2026.
CAGR of the PC peripherals market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the PC peripherals market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the PC peripherals market.
PC peripherals industry growth across North America, APAC, Europe, South America, and the Middle East and Africa.
