Computer Peripheral Market – Snapshot
Computer peripherals cover all the computer input, output, and storage devices. They are most often used for personal and office work. Computer peripheral input devices include keyboards, mice, presenters’ pens, image scanners, and webcams, among others. Computer peripheral output devices primarily include printers, loudspeakers, and headphones. Further, computer peripheral storage devices comprise hard drives (HDD), sold state drives (SSD), compact discs, digital video discs (DVD), and USB flash drives. These are some of the major computer peripherals considered for the global computer peripheral market analysis.
Increase in disposable income, decrease in prices of consumer peripheral devices, rise in demand for external storage devices, and introduction of technologically advanced devices are primary factors driving the computer peripheral market globally. The market is anticipated to expand at a rapid pace during the forecast period. The storage computer peripherals segment is estimated to contribute significantly to revenue in the next few years. Technological advancement and efficiency benefits of SSD are anticipated to fuel the computer peripheral market growth globally. However, there are some factors that are hindering market growth. Rise in preference for mobile devices such as smartphones and tablets over desktop and laptops is expected to slow down the computer peripheral market in the near future.
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The output devices segment has been further categorized into printers, loudspeakers, and headphones. The storage devices segment has been further divided into HDD, SDD, CD/DVD, and USB flash drives. Based on connectivity, the global computer peripheral market has been classified into wired and wireless computer peripherals. In terms of end-use, the market has been categorised into residential and commercial. In terms of region, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Expansion in discretionary cash flow, decline in costs of purchaser peripheral devices, ascend popular for outer capacity devices, and presentation of technologically progressed devices are essential elements driving the computer peripheral market worldwide. The market is foreseen to grow at a fast movement during the conjecture time frame. The capacity computer peripherals fragment is assessed to contribute fundamentally to income in the following not many years. Mechanical headway and productivity advantages of SSD are foreseen to fuel the computer peripheral market development all around the world. In any case, there are a few factors that are frustrating market development. Ascend in inclination for mobile devices, for example, smartphones and tablets over work area and workstations is relied upon to hinder the computer peripheral market sooner rather than later.
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The computer peripheral market is highly competitive, with major players witnessing strong competition across most of the segments covered under the scope of the market. In order to sustain in the competitive environment, market players offer low-cost computer peripheral products in price sensitive regions such as Asia Pacific and Middle East & Africa. (MEA). Increase in sales of companies such as Logitech International S.A, and Seiko Epson Corporation explains the winning strategy adopted by them in emerging regions. The market in Europe is expected to expand at a steady pace from 2018 to 2026.
Computer peripherals cover all the computer storage, input, and output devices. They are regularly utilized for individual and office work. Computer peripheral info devices incorporate consoles, mouse, moderators’ pens, picture scanners, and webcams, among others. Computer peripheral storage devices fundamentally incorporate printers, loudspeakers, and headphones. Further, computer peripheral stockpiling devices involve hard drives (HDD), sold state drives (SSD), conservative circles, computerized video plates (DVD), and USB streak drives. These are a portion of the significant computer peripherals considered for the worldwide computer peripheral market investigation.