Latest News:- PC Peripherals Market: Business is expected to lead the End-user segment during 2024-2028

PC Peripherals Market to grow at a CAGR of 7.73% during 2024-2028

The PC Peripherals Market is expected to grow at a CAGR of 7.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 51.38 billion. In the PC peripherals market, strategic partnerships and acquisitions are on the rise, enabling vendors to expand their market presence and enhance their competitive edge. These alliances aim to foster joint development programs, bolster technological superiority, and allocate resources in line with industry trends. For instance, BluPeak, a prominent PC peripheral and hardware vendor, entered into an exclusive distribution agreement with Dicker Data in March 2020. This increase in mergers and acquisitions will lead to the production of more efficient computer peripherals, which will be compatible with advanced technologies and components, and can be seamlessly integrated into smartphones, PCs, and other computing devices. This market dynamic will undoubtedly contribute to the growth and innovation within the PC peripherals sector. 

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The Business subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Business subsegment will lead the End-user segment during 2024 and 2028 The computer peripheral market is poised for significant expansion due to the increasing adoption of input, output, and storage devices in business environments. With the rise of digital communication tools like email and social media, the demand for peripherals such as keyboards, mice, and printers is escalating. Furthermore, the growing trend of video conferencing in enterprises worldwide has fueled the need for peripherals such as webcams, speakers, and microphones. The automation of business processes has led to the replacement of manual data recording with PCs and peripherals, resulting in the generation and storage of vast amounts of data. Substantial investments are being made to address the data storage requirements of various industries, thereby driving the growth of the computer peripheral market during the forecast period.

Here are the various ways based on which the market is segmented: 

• End-user
  • Business
  • Consumers
• Product
  • Printers
  • Speakers
  • Others
• Geography
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
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There are several factors that are causing the market to flourish growing popularity of gaming and esports

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The PC peripherals market encompasses a wide range of devices that enhance the functionality of computers. These peripherals include output devices like monitors with connections such as DVI and HDMI, speakers with 3.5mm jacks or wireless Bluetooth connectivity, and printers with USB or Ethernet ports. Input devices like keyboards and mice come in wired and wireless versions, using connections like USB, Bluetooth, or even older serial ports. Operating systems and system requirements play a crucial role in peripheral compatibility. Infrared, Wi-Fi, and Bluetooth technologies enable wireless connections, while wired connections like Ethernet and serial ports cater to specific use cases. Networking devices like modems and routers expand connectivity options. External storage devices like flash drives and external hard drives expand a computer's storage capacity. Other peripherals include speakers, printers, scanners, microphones, and mice, all designed to improve the user experience. Ultimately, the PC peripherals market offers a diverse range of devices to cater to various system configurations and user preferences.

Market Research Overview

According to Technavio, the global computer peripherals market is a segment of the larger global technology hardware, storage, and peripherals market, which encompasses manufacturers of IT hardware, including personal computers, servers, cellular phones, electronic components, and peripherals. This market also comprises data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for the global technology hardware, storage, and peripherals market include increasing demand for advanced peripherals, growing adoption of IoT devices, and the proliferation of cloud computing.

The PC Peripherals Market is experiencing significant growth, fueled by the growing popularity of gaming and esports. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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