The global Wireless Computer peripherals market size was USD 406.90 Billion in 2021 and is expected to register a revenue CAGR of 10.4% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by Increasing internet penetration and rising digitalization in education industry.

Internet penetration has contributed to the rapid adoption of Wireless Computers and peripherals. In addition, increasing advancements in connectivity technologies, such as Bluetooth, Wi-Fi, and Near-field Communication (NFC), among others, have led to the adoption of more Wireless Computer peripheral devices. Rising digitalization of education institutions is also driving the revenue growth of the market. A growing number of schools are implementing virtual education methods and offering online courses, which is expected to have a positive impact on the market. Furthermore, increasing presence of online course providers such as BYJYU’s, Coursera, and edX among others is also expected to increase the adoption of Wireless Computer peripherals. These factors are driving market revenue growth.

The digitalization of education institutions has also played a crucial role in the market's revenue growth. With the implementation of virtual education methods and the offering of online courses, there has been a surge in the demand for Wireless Computer peripherals. Schools and educational organizations are increasingly incorporating technology into their teaching methods, which requires the use of peripherals like keyboards, mice, webcams, and headphones.

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The increasing investment in storage technology in sectors such as media, communication, banking, and residential has indeed contributed to the growing demand for external storage devices.

External storage devices play a vital role in modern businesses as they provide additional storage capacity for storing and accessing large volumes of data. With the ongoing digital transformation initiatives across organizations, there is a greater need for reliable and high-performance storage solutions. The adoption of hybrid and all-flash arrays, which combine the benefits of traditional HDDs and faster SSDs, has become increasingly prevalent.

Governments in various countries are also allocating significant funds for the advancement of storage technologies. This investment supports the development of innovative storage solutions and infrastructure, further fueling the demand for external storage devices.

Additionally, the growing workloads across industries and the need for faster performance drive the demand for external storage devices. As businesses generate and process increasingly larger amounts of data, there is a need for storage solutions that can handle the growing workload requirements.

Furthermore, the increasing demand for higher Wireless Computer storage capacity and the necessity for emergency data backups are driving the adoption of external storage devices. Businesses and individuals require additional storage space to accommodate their expanding data storage needs, and external storage devices provide a convenient solution for this requirement.

Some Key Highlights From the Report

• Storage devices segment is expected to register a rapid revenue growth rate during the forecast period owing to the increasing need for storing large amounts of data in a relatively small physical space. Storage devices include hard disk drives, solid state drives, USD flash drives, SD cards, and compact discs among others. Storage devices are integral parts of the computing hardware that store information for processing computation results. Wireless Computers cannot run or even start without a storage device. In addition, increasing need for storage devices to increase the efficiency and performance of the system is expected to drive revenue growth of the segment.
• Wireless segment is expected to register a rapid revenue growth rate during the forecast period. Wireless peripherals are more commonly used in commercial settings because they are easier to configure and troubleshoot, and they are plug-and-play, which means they do not require additional software to run. In addition, smaller Wireless peripherals are mostly preferred by users as they do not require an external power source, for example, mouse and webcams, among others. Wireless peripherals also offer a more stable connection than wireless peripherals, which will contribute to the revenue growth of this segment.
• Online stores segment accounted for the largest revenue share in 2021 owing to the increasing need for faster purchasing processes and flexibility. Availability of many vendors and sellers providing a wide range of products has increased online purchases, as it facilitates product comparison, price comparison, consumer reviews, doorstep delivery, and easy return policies. In addition, huge discounts have contributed to the rise in popularity of online shopping.
• Commercial segment is expected to register a steady revenue growth rate during forecast period owing to the increasing need to sort and store huge amount of data. Wireless Computer peripherals are regularly utilized for office work. Various peripheral devices such as consoles, mice, moderators' pens, printers, headphones, and webcams are utilized in working spaces to maximize productivity. Hard Disk Drives (HDD), Solid-State Drives (SSD), tape libraries, Digital Video Disc (DVD), and USB drives are some of the Wireless Computer peripheral storage devices that enable the system to store and back up the local data to make the work easier and more productive.
• Market in North America is expected to account for largest revenue share in the global market during the forecast period. Rapid growth rate of the market is attributed to increasing presence of major market players such as IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, and Apple, Inc., among others are expected to increase the market revenue growth in the region. Increasing numbers of corporate companies have led to a rising demand for Wireless Computer peripheral devices that are used to input information and instructions into Wireless Computers for storage or processing, and to deliver the results to the operators. According to data, there were 6.1 million corporate companies in the United States in 2019. Additionally, rapidly growing software industry and rapid digitalization in countries such as the U.S. and Canada have led to an increase in Wireless Computer adoption, rising demand for Wireless Computer peripherals, thus contributing to the revenue growth of the market.

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list of leading companies operating in the global Wireless Computer peripherals market

IBM Corporation, Microsoft Corporation, Toshiba Corporation, Logitech, Hewlett Packard Enterprise Development LP, Dell, Inc., Intel Corporation, SAMSUNG, Apple, Inc., and Ricoh.

The global market is further segmented into type and application:

Device Type Outlook (Revenue, USD Billion; 2019-2030)

• Input Devices
• Output Devices
• Storage Devices

Connectivity Outlook (Revenue, USD Billion; 2019-2030)

• Wireless
• Wireless

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

• Supermarkets/Hypermarkets
• Brand Stores
• Online Stores
• Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Commercial
• Residential

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Another factor driving the demand for external storage devices is the growing need for emergency data backups. In the event of data loss due to hardware failure or natural disasters, external storage devices provide a reliable way to backup data and recover it when needed.

Overall, the increasing demand for external storage devices is expected to drive revenue growth in the market during the forecast period.

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