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Global Peripherals Market 2009 2013
Infiniti Research Limited, April 2010, Pages: 20
A peripheral is a computer hardware that is added to a host computer. Though optional in nature, a peripheral is used to expand the ability of the host computer. It includes scanners, printers, displays, projectors, etc.
With the increase in Personal Computer (PC) penetration rate, the demand for peripheral devices has been growing rapidly. In addition, the growing trend of using a computer as a photo album, jukebox and video recorder/depository is also leading to the growth of peripheral devices. It is also been observed that the increasing demand for printing and scanning in the various industries (such as manufacturing, banking and finance, and services) is driving the growth of the Peripherals market. There has also been an increase in the Home segment, due to increase in the high level of disposable incomes.
In order to reduce cost and remain competitive, many Peripherals market vendors are now adopting contract manufacturing. A few of the large vendors have also set up their offshore design and manufacturing units at low-cost countries/locations across the globe. However, despite an impressive growth, certain factors like severe competition, increasing level of commoditization, and product obsolescence are hindering the growth of this market.
With the improvement in technology, the Peripherals market is undergoing a rapid transformation. The vendors of the Peripherals market (such as vendors for scanner, graphics card, speaker, microphone and web cam) are now launching many products and incorporating more sophisticated technologies and improvised functionalities. A case in point is the launch of wireless optical mouse with four-way scrolling, magnifier, ergonomic design, and longer battery life.
The Service industry requires peripherals to automate most of its processes. With the increase in the use of latest technology (like customer identification, tracking, RFID etc.,) the need for scanners is increasing in the Services industry. Further, the need for identification and recognition of premium customers for enhanced services and automation of service identification are propelling the growth of peripherals in this industry. Also, services such as cataloging and printing of bills & service receipts are driving the growth of the Peripherals market in the Services industry.
This report by TechNavio Insights highlights the current and future market potential of the Global Peripherals market. Further it discusses trends, drivers, growth inhibitors. It also profiles a few major vendors in the market.
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