Global PC Peripherals Market By product type, By device type, By connectivity, By distribution channel, By end use & By region-Forecast Analysis 2022-2028

Global PC Peripherals Market was valued at USD 407.1 billion in 2021, and it is expected to reach USD 1190.16 billion by 2028 at a CAGR of 10.6% during the forecast period (2022-2028).

The market is anticipated to be significantly driven throughout the forecast period by quickly developing computer peripheral devices to fulfill shifting customer demands. Other significant drivers of the market expansion in the projection period include rising disposable income, falling prices of consumer peripherals, and rising demand for external storage devices.

Top-down and bottom-up approaches were used to estimate and validate the size of the global PC peripherals market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The Global PC Peripherals Market is segmented based on product type, device type, connectivity, distribution channel, end-use and region. Based on Product Type, it is categorized into PC Peripheral Input Devices, PC Peripheral Output Devices, and PC Peripheral Storage Devices. Based on Device Type, it is categorized into PC and Gaming Consoles. Based on Connectivity, it is categorized into Wired PC Peripherals and Wireless PC Peripherals. Based on Distribution Channel, it 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.

Driver

The market is being significantly driven by increased digitalization in educational institutions throughout the assessment period. Numerous institutions are using virtual education strategies and providing online courses, which are projected to have a favorable market impact. Additionally, students can sign up for various courses offered by many other online education companies, including Coursera, Udemy, BYJYU, edX, and Unacademy. Therefore, it is projected that growing digitalization, particularly in developing countries, will increase market size throughout the assessment period. In the projected years, it is anticipated that growing strategic alliances and acquisitions will significantly increase the market.

Restraint

During the forecast period, an increase in counterfeit goods is anticipated to impede the market growth significantly. Many consumer electronics manufacturers encounter difficulties due to the prevalence of fake goods in brick-and-mortar stores and online marketplaces. It is anticipated that their simple accessibility through various distribution channels may impede market expansion in the future. A significant obstacle to the expansion in the predicted period is also anticipated to be the growing preference for smartphones and tablets over PCs and laptops.

Market Trends

Players are heavily investing in peripheral devices to match the shifting demands of customers. Heavy investment promotes technical advancement and provides numerous advantages, which are anticipated to have a favorable effect on the market throughout the forecast period.