Computer Peripherals Market Size, Share & Growth Report 2031

Report Description

The Global Computer Peripherals Market size was valued at USD 450.57 Billion in 2022 and is expected to surpass USD 1124.84 Billion by 2031, expanding at a CAGR of 10.7% during the forecast period, 2023–2031.  The growth of the market is attributed to decreasing prices of consumer peripheral devices.

Computing device or equipment that is a part of the computer but does not execute any fundamental computing processes is referred to as a peripheral. Computer peripherals include all storage, input, and output devices on a computer. Photo scanners, consoles, mice, webcams, and moderators' pens, are examples of computer peripheral input devices.

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Headphones, loudspeakers, and printers are the most common computer peripheral storage devices. Hard drives (HDD), sold state drives (SSD), computerized video plates (DVD), conservative circles, and USB streak drives are further examples of computer peripheral storage devices. These peripherals are frequently used for both individual and office tasks.

The COVID-19 pandemic negatively affected global economy and computer peripherals market. Governments imposed stringent confinement measures such as social separation, remote working, and the restriction of commercial activity, all of which posed operational issues. The supply chain market has hampered due to the outbreak and therefore the delivery of computer peripherals is slowed down.

Computer Peripherals Market Trends, Drivers, Restraints, and Opportunities

• Growing demand for external storage devices is expected to drive the market.

• Introduction of technologically modern products is projected to propel the market during the forecast period.

• Rising usage of smartphones and tablets over computers is anticipated to hinder the market.

• Built-in peripherals are expected to hamper the market in the coming years.

• Increasing technological innovation and focus on the ergonomic design of computer-related equipment is projected to create lucrative opportunities for market players. 

Scope of Computer Peripherals Market Report

The report on the global computer peripherals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Computer Peripherals Market Segment Insights

Storage devices segment to expand at a considerable CAGR

On the basis of products, the computer peripherals market is segmented into output devices, input devices, and storage devices. The output segment is further classified as loudspeakers, printers, and headphones. The input devices segment is further categorized as image scanners, keyboard, pointing devices, and webcams. The storage devices segment is further fragmented as USB flash drives, CD & DVD, and HDD & SSD.  

The storage devices segment is projected to expand at a considerable CAGR during the forecast period, due to rising demand for external storage devices. The output segment is anticipated to account for a major market share during the forecast period, owing to decreasing prices of consumer peripheral devices.

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Wireless segment to hold a significant share of the market

Based on connectivity, the market is divided into wireless and wired. The wireless segment is expected to hold a significant share of the market in the coming years, owing to the investment in technologically advanced and ergonomic computer peripheral devices. The wired segment accounts for a significant market share, as wired computer peripherals provide stability and reliability.

Commercial segment to expand at a substantial CAGR

On the basis of end-users, the computer peripherals market is segregated into commercial and residential. The commercial segment is anticipated to expand at a substantial CAGR during the forecast period. Employees in business organizations use additional computer peripherals to speed up their work and increase their overall productivity.

The residential segment is expected to hold a significant share of the market, owing to increasing use of wireless peripherals in the sector. Wireless computer peripherals are replacing traditional cable computer peripherals since these computers are very portable and ready to travel anyplace.

North America is anticipated to constitute a key market share

In terms of regions, the computer peripherals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to increasing investments in computer gaming gear and rising number of online gamers in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to rising demand for computer peripherals in the region.

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