Computer Peripherals Market Impact of AI and IoT Enabled Devices 2030

Computer Peripherals Market was valued at USD 539.28 Bn. in 2023 and is expected to grow at USD 1423.18 Bn. in 2030. Computer Peripherals Market size is expected to grow at a CAGR of 14.87% through the forecast period.

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?