PC Peripherals Market Size, Share, Growth Analysis, By Product Type(Input Devices, Output Devices, Storage Devices), By Device Type(PC, Gaming Consoles), By Connectivity(Wired PC Peripherals, Wireless PC Peripherals), By Distribution Channel(Offline, Online), By End-use(Residential Use, Commercial Use), By Region - Industry Forecast 2024-2031

PC Peripherals Market Drivers

• Increasing digitization of the educational institutions: Globally, educational institutions are modernizing and embracing digitalization to streamline the processes of teaching and learning and achieve educational excellence. Students and teachers now have better access to resources because of digitization. For instance, students can access study materials at any time, anywhere, using their laptops and desktop computers. Therefore, during the projection period, the demand for PC peripherals would benefit from the increasing need for devices like PCs and laptops in the education sector. Many schools are implementing online learning strategies and offering courses online, allowing students to learn at their own convenience. The market for PC peripherals will be driven by the increased demand for PCs, laptops, and notebooks across educational institutions as a result of the increase in digitalization.

PC Peripherals Market Restraints

• Increasing numbers of fake goods: Globally, the rising number of fake goods in local physical stores and e-commerce channels presents a dilemma for major consumer electronics manufacturers. These products are popular among price-conscious consumers because they are affordable and appealing. The price rivalry in the market is going to get more intense due to the rising popularity and simple accessibility of fake smart and portable Bluetooth speakers. A number of online retail stores also sell counterfeit accessories. It is challenging to manage the sales of counterfeit goods despite market vendors' constant efforts to limit their availability through multiple distribution channels, including physical and online retail establishments in numerous nations. The expansion of the worldwide PC peripherals market is hampered by the rising sales of these goods.