Computer Peripherals Market Size in 2022 by Fastest Growing Companies: Apple, Epson, Canon, Dell with Top Country Data | New report spans 300 pages
NEWARK, Del., April 26, 2022 /PRNewswire/ — The computer peripherals market is projected to grow at a CAGR of 9% from 2022 to 2032. The Global Computer Peripherals Market Report provides a holistic assessment of the market for the forecast period. The report covers various segments along with an analysis of the trends and factors that play a significant role in the market.
These factors; The market dynamics includes the drivers, restraints, opportunities and challenges through which the impact of these factors on the market are outlined.
Drivers and barriers are intrinsic factors, while opportunities and challenges are extrinsic factors of the market. The Global Computer Peripherals Market study provides an outlook on the development of the market in terms of revenue during the forecast period. Computer peripherals can be defined as a device that connects to the computer system to add functionality.
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There are different types of peripherals like mouse, keyboard, monitor, printer, hard drive or flash drive and many more. These devices are further classified into three categories: input devices, output devices, and storage devices. The devices are mainly used for private and office work. The increasing use of computers in businesses is expected to drive the growth of the market.
What are the challenges of the global computer peripherals market?
The rise of counterfeit products is expected to significantly slow down the market during the forecast period. Various consumer electronics manufacturers face such challenges with the availability of counterfeit products in local stores and e-commerce channels.
Their easy availability through various distribution channels is likely to hamper the market expansion in the coming period. Also, increasing preference for smartphones and tablets over computers and laptops is expected to be a major factor hampering the expansion over the forecast period.
However, as the players are taking multiple initiatives to address such challenges, the market is expected to show significant growth. For example in February 2022Micross Components, Inc., a major supplier of mission-critical microelectronics, hosted a webinar on the supply chain challenges faced by planners, buyers and designers.
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Which regions are driving the global computer peripherals market?
According to the analysis, the global computer peripherals market is expected to be dominated by North America during the forecast period. According to the observations, the US market is expected to make the largest contribution to the development of the regional market. US is expected to secure $248 billion in 2032, expanding at a CAGR of 9.6% from 2022 to 2032.
Additionally, the presence of the most established players in the region is another prominent factor driving the market in the region. For example in April 2022Apple has announced that it will be introducing two new Macs at WWDC 2022.
Europe The market is anticipated to be a lucrative market during the forecast period. According to estimates, the UK is likely to be the most active player to drive the market forward. The UK is forecast to rally $90.2 billion, with a CAGR of 9.8% in the forecast period from 2022 to 2032.
Major Players in the Global Computer Peripherals Market
Major players in the global computer peripherals market include Hewlett-Packard Enterprise Canon Inc., Dell, Inc., Apple, Inc. and Seiko Epson Corporation, among others.
Recent key player developments include:
- In April 2022Dell, NVIDIA, AMD announced to operate the new AI computing cluster in Ohio. The Ohio Supercomputer Center (OSC) will build a new high-performance computing cluster for AI applications based on Dell hardware with AMD Epyc processors and Nvidia accelerators.
- In April 2022Esp has announced a new A4 desktop color multifunction printer for green businesses.
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Key Segments Covered in the Computer Peripherals Industry Survey
Computer peripherals by connectivity:
- Wired computer peripherals
- wireless computer peripherals
Computer peripherals by end use:
- computer peripheral devices for private use
- computer peripheral devices for commercial use
Computer Peripherals by Product Type:
- computer peripheral input devices
- computer peripheral output devices
- computer peripheral storage devices
Computer Peripherals by Region:
- Computer Peripherals Market in North America
- Computer peripherals market in Europe
- Asia Pacific Computer Peripherals Market
- middle East & Africa computer peripheral market
- Computer peripherals market in South America
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Future Market Insights (ESOMAR-certified market research company and member of New York metropolitan area Chamber of Commerce) provides detailed insights into the determining factors that increase demand in the market. It reveals opportunities that will fuel market growth across various segments based on source, application, distribution channel and end-use over the next 10 years.
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