Computer Peripheral Equipment Global Market Report 2024

The computer peripheral equipment market size has grown steadily in recent years. It will grow from $145.97 billion in 2023 to $151.02 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth observed in the historical period can be attributed to factors such as the growth of personal computing, advancements in input devices, developments in data storage solutions, networking devices, game controllers, and the expansion of audio devices.

The computer peripheral equipment market size is expected to see steady growth in the next few years. It will grow to $172.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The anticipated growth in the forecast period can be attributed to factors such as smart home connectivity, sustainable peripheral design, digital transformation initiatives, the growth of the gaming peripheral market, and the adoption of USB-C technology. Major trends expected in the forecast period include wireless connectivity, ergonomic designs, biometric authentication, smart office solutions, voice-controlled peripherals, integration with wearable technology, and the development of climate tech solutions in the field of computer peripheral equipment.

The demand for storage devices is expected to witness significant growth due to the rapidly increasing data volume generated from personal devices and various business operations across multiple industries. Projections indicate that the total global data generated will reach 163 zettabytes (ZB) by 2025. Managing this escalating data volume is anticipated to drive demand for storage devices, benefiting both corporate and individual customers and fueling growth in the computer peripheral equipment market throughout the forecast period.

The growth of the computer peripheral equipment market is further propelled by the increasing adoption of Internet of Things (IoT) devices. IoT involves a network of physical objects embedded with sensors, software, and connectivity capabilities, enabling data collection and exchange over the Internet. The integration of IoT devices into computers enhances efficiency, convenience, and security, unlocking new possibilities for customization and connectivity. Projections from the GSM Association estimate a surge in global IoT connections to 23.3 billion by 2025, emphasizing the growing adoption of IoT devices as a driving factor for the computer peripheral equipment market.

The outbreak of COVID-19 acted as a significant restraint on the computer peripheral equipment market in 2020 due to disrupted supply chains and decreased consumption resulting from global lockdowns. However, the pandemic also led to increased demand for laptops and related computer hardware as companies supported remote work arrangements. While the pandemic had a negative impact in 2020 and 2021, the computer peripheral equipment market is expected to recover over the forecast period, considering the increased demand and the nature of the pandemic as a 'black swan' event.

A rising trend in the market is the popularity of portable folding keyboards, appreciated for their small size and convenience. These keyboards, when unfolded, match the size of a regular keyboard and can be connected to devices such as phones, computers, and tablets. Compatible with major operating systems, portable folding keyboards, such as Microsoft's Universal Foldable Keyboard, iClever wireless folding keyboard, and IKOS foldable keyboard, offer a compact solution for users.

Major companies in the computer peripheral equipment market are driving innovation by introducing products such as the GeForce RTX 4070 Ti. This high-end desktop graphics card, launched by Nvidia, a US-based software company, offers excellent gaming performance, suitability for 4K60 gaming, ray tracing capabilities, lower resolutions, and Deep Learning Super Sampling (DLSS) for improved image quality. The introduction of such innovative products contributes to providing reliable services to customers.

In August 2022, HP Inc., a US-based information technology company, made a strategic acquisition of Poly for an undisclosed amount. Poly, a US-based provider of workplace collaboration solutions, is expected to enhance the combined company's growth-oriented portfolio and strengthen its position in the hybrid work solutions industry. This acquisition reflects HP's commitment to long-term sustainable growth and value creation.

Major companies operating in the computer peripheral equipment market report are Apple Inc., Samsung Group, Microsoft Corporation, Dell Technologies Inc., Intel Corporation, HP Inc., Lenovo Group Limited, International Business Machines Corporation, Movil corporation, Canon Inc., Toshiba Corporation, Fujifilm Corporation, Sharp Corporation, Ricoh Company, Asustek Computer Inc., Seiko Epson Corp., Brother Industries Ltd., Logitech International S.A., Gigabyte Technology Co. Ltd., Synaptics Inc., Razer Inc., Corsair Gaming Inc., MathWorks Corporation, SteelSeries Company, iKey Ltd., XMOS Company, Team Mobot, Advanced Micro Peripherals Ltd., Integra Sources, Mionix AB. North America was the largest region in computer peripheral equipment market in 2023. Asia-Pacific was the second largest region in computer peripheral equipment market. The regions covered in the computer peripheral equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The main types of computer peripheral equipment include the mouse, keyboard, monitor, printer, and scanner. A mouse is a handheld input device used to move the cursor around a computer screen. These peripherals can be either wired or wireless and find applications in various areas, including residential and commercial settings.

The computer peripheral equipment market research report is one of a series of new reports that provides computer peripheral equipment market statistics, including computer peripheral equipment industry global market size, regional shares, competitors with a computer peripheral equipment market share, detailed computer peripheral equipment market segments, market trends and opportunities, and any further data you may need to thrive in the computer peripheral equipment industry. This computer peripheral equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the computer peripheral equipment market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The computer peripheral equipment market consists of sales of mouse, keyboard, monitor, printer and scanner that connect to a computer system to add functionality. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.