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Computer Peripheral Equipment Market Trends & Forecast 2024-2033
Computer Peripheral Equipment Market
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According to The Business Research Company's, 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 in the historic period can be attributed to personal computing growth, advancements in input devices, data storage solutions, networking devices, game controllers, growth 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 growth in the forecast period can be attributed to smart home connectivity, sustainable peripheral design, digital transformation initiatives, gaming peripheral market growth, usb-c adoption. Major trends in the forecast period include wireless connectivity, ergonomic designs, biometric authentication, smart office solutions, voice-controlled peripherals, wearable technology integration, climate tech solutions.
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Market Drivers and Trends:
Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer peripheral equipment market in the forecast period.
Portable folding keyboards are increasingly becoming popular due to small size and convenience it offers. These keyboards can be connected to devices such as phones, computers, and tablets and are the same size as a regular keyboard when unfolded. Portable folding keyboards are generally compatible with all major operating systems such as Windows, Android and iOS and can be charged using a USB port. Some of the portable folding keyboards include Microsoft's Universal Foldable Keyboard, iClever wireless folding keyboard, IKOS foldable keyboard.
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Major Key Players of the Market:
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
Computer Peripheral Equipment Market 2024 Key Insights:
• 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%.
• Data Deluge Driving Demand For Storage Devices
• Increasing Focus On The Growing Trend Of Folding Keyboards
• North America was the largest region in computer peripheral equipment market in 2023
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