Global Computer Peripherals Market Set to Surge to USD 1,423.18 Billion by 2030
The Global Computer Peripherals Market, valued at USD 539.28 Billion in 2023, is projected to reach USD 1,423.18 Billion by 2030, expanding at a CAGR of 14.87% during the forecast period. The growth is driven by rising disposable incomes, declining prices of consumer peripherals, and a surge in demand for advanced external storage and computing devices.
Computer peripherals, which include input, output, and storage devices, serve as essential extensions of the computer system. While devices such as keyboards, mice, and webcams facilitate data input, monitors, printers, and loudspeakers provide output. External storage solutions like SSDs, hard drives, and USB flash drives offer both input and output functionality, enabling data storage and retrieval.
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Market Dynamics
Drivers
The market is experiencing robust growth due to multiple factors:
- Technological Advancement: Rapid innovation in SSDs, wireless connectivity, and ergonomic devices is transforming consumer and enterprise computing experiences.
- Digitalization in Education: Schools and universities are integrating online learning, increasing demand for peripherals such as webcams, microphones, and interactive input devices.
- Rising Disposable Income: More consumers can afford advanced computing accessories, driving adoption across residential and commercial segments.
Restraints
Despite its growth, the market faces challenges:
- Preference for Mobile Devices: Smartphones and tablets are increasingly replacing traditional desktops and laptops for everyday tasks.
- Data Security Concerns: Threats from malware, hacking, and data breaches influence consumer confidence in certain devices and storage solutions.
Opportunities
- External Device Demand: The growing need for high-capacity storage and portable devices presents significant market opportunities.
- USB and Data Storage Solutions: As global data traffic increases, compact and efficient USB devices are gaining traction for both personal and professional use.
Challenges
- Counterfeit Products: The proliferation of counterfeit peripherals through online marketplaces and retail channels poses a risk to manufacturers’ brand credibility and revenue.
- Competition from Mobile Ecosystem: Mobile computing devices continue to attract users away from PCs and laptops, indirectly affecting peripheral sales.
Market Segmentation
By Connectivity
- Wired
- Wireless – Leading the market in 2023 due to mobility benefits, cable-free setup, and enhanced productivity.
By Product
Input Devices: Keyboards, Pointing Devices (Mice, Pens), Image Scanners, Webcams
Output Devices: Printers, Loudspeakers, Headphones
Storage Devices: Hard Drives/SSDs, USB Flash Drives, CDs/DVDs
By End-User
- Residential
- Commercial – Both segments are witnessing strong growth due to increased home computing and enterprise adoption.
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Regional Insights
- North America – Dominates due to high adoption of gaming peripherals, technological investments, and enterprise demand.
- Europe – Driven by advanced industrial infrastructure and early adoption of wireless peripherals.
- Asia Pacific – Rapid urbanization, rising disposable income, and growing online education sector fuel demand.
- Middle East & Africa / South America – Market growth supported by digital transformation initiatives and increased IT infrastructure investment.
Key Players
Leading companies shaping the market landscape include:
- Apple Inc.
- Canon Inc.
- Dell, Inc.
- Seiko Epson Corporation
- Hewlett-Packard Enterprise
- Hitachi, Ltd.
- IBM Corporation
- Intel Corporation
- Logitech International S.A.
- Microsoft Corporation
- NEC Corporation
- Ricoh Company
- Samsung Electronics Co., Ltd.
- Toshiba Corporation
- Computer Peripherals Unlimited
- Computer Peripherals and Supplies (CPS)
These players are focusing on R&D, strategic partnerships, and new product launches to maintain market leadership.
Market Outlook
The Computer Peripherals Market is poised for accelerated growth driven by technological advancements, increasing digitalization, and evolving consumer needs. The demand for high-performance input/output devices, coupled with rising adoption of wireless connectivity, ensures continued expansion through 2030.
Key Questions Answered by the Market Report:
- What are the current and forecasted market sizes of computer peripherals globally?
- Which product types and connectivity options are driving growth?
- How are technological trends like wireless devices and SSDs shaping the market?
- Which regions offer the most lucrative opportunities?
- Who are the major players, and what strategies are they using to compete effectively?
