USD 6159.67 million
Report ID: SQSG45I2029 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 140 | Figures: 78
Global PC Peripherals Market size was valued at USD 6159.67 million in 2021 and is poised to grow from USD 7203.8 million in 2022 to USD 14396.4 million by 2030, growing at a CAGR of 9.9% in the forecast period (2023-2030).
Digitalization of educational institutes is heavily fueling the demand for PC peripherals in the global market. Students can sign up for a variety of courses offered by many other online education companies, including Coursera, Udemy, BYJU's, edX, and Unacademy. Therefore, it is projected that growing digitalization, particularly in developing countries, will increase PC Peripherals Market size throughout the assessment period. Various institutions are incorporating virtual teaching and online courses thus, creating lucrative growth opportunities for the market. Computer peripheral devices are rapidly evolving to cater to shifting consumer demands. Increase of disposable income, demand for external storage, and dropping prices of consumer peripherals will drive market growth.
US PC Peripherals Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6159.67 million
Wireless PC Peripherals
Wireless PC Peripherals
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The Global PC Peripherals Market is segmented based on product type, device type, connectivity, distribution channel, end-use and region. Based on Product Type, PC Peripherals Market is categorized into PC Peripheral Input Devices, PC Peripheral Output Devices, and PC Peripheral Storage Devices. Based on Device Type, PC Peripherals Market is categorized into PC and Gaming Consoles. Based on Connectivity, PC Peripherals Market is categorized into Wired PC Peripherals and Wireless PC Peripherals. Based on Distribution Channel, PC Peripherals Market is categorized into Offline and Online. Based on End-use, it is categorized into Residential and Commercial. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
PC Peripherals Market Analysis by End-use
On the basis of End-use, the commercial segment is expected to lead the global PC peripherals market over the forecast period. The market is anticipated to grow at a CAGR of 10.2 percent during the forecast period. The segment's expansion can be linked to the IT industry's explosive growth, which creates a significant demand for computer peripherals. It is projected that developed countries like the US and Canada will play a significant role in fostering market expansion.
PC Peripherals Market Analysis by Connectivity
On the basis of Connectivity, the wireless segment is expected to lead the global PC peripherals market over the forecast period. The need for wireless devices is expected to increase due to consumers' growing desire for wireless and smart peripherals, which provide advantages like interoperability and usability. A small but growing market for wireless peripherals has been formed by the increasing popularity of computers and video games. Vendors in the market are also always concentrating on creating sophisticated and wireless peripherals.
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Based on the region, the North American region currently dominates the global PC peripherals market. The U.S. market is anticipated to contribute most to the growth of the regional market. Another significant aspect influencing the industry in the region is the presence of the most well-known businesses there. For instance, Apple said in April 2022 that it would introduce two new Macs at WWDC 2022.
During the forecast period, the European market is expected to grow significantly. According to projections, the U.K. will probably play the most active role in driving the market. The expanding participation of the government can be attributed to the expansion of the regional market. For instance, the UK government gave six UK colleges and laboratories 15 million euros to work on the largest radio telescope in the world. There will be two Oxford teams working on software and hardware. During the forecast period, the market is anticipated to grow due to such initiatives.
Asia Pacific will also show growth during the forecast period as emerging economies such as India and China are investing in digitizing education and providing remote services to many students. Emergence of small business and start-ups will bring growth opportunities for PC peripherals market in this region.
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PC Peripherals Market Drivers
PC Peripherals Market Restraints
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The PC peripherals business is moderately fragmented with the top companies controlling the majority of the market. Among the growth tactics used by significant vendors are product launches, product launches and collaborations. Players are making large investments in the ancillary gadgets to fulfill the shifting wants of consumers. Important players are also spending money on research and development projects to increase and improve accessories and peripherals. The businesses are concentrating on creating new or significantly enhanced items and procedures.
PC Peripherals Market Top Players Company Profiles
PC Peripherals Market Recent Developments
Collaborations and Partnerships will Shape Market’s Future
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global PC peripherals market is witnessing notable evolution and will keep growing during the forecast period. Players in the market are focusing on developing strategic partnerships and collaborations to stay ahead in the competition. Emerging economies are increasingly demanding PC peripherals due to the emergence of various start-ups and small businesses.
|Market size value in 2021||USD 6159.67 million|
|Market size value in 2030||USD 7203.8 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global PC Peripherals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global PC Peripherals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global PC Peripherals Market:
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