A computer peripheral is any external device that provides input and output for the computer. Common input devices include the keyboard, mouse, and scanner. Common output devices include the monitor, printer, and speakers.
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Key Trends
There are several key trends in computer peripherals technology that are worth noting.
One is the continued miniaturization of devices. This trend has been driven in part by the proliferation of mobile devices such as laptops, smartphones, and tablets.
Another key trend is the increasing use of wireless technologies. This trend is being driven by the increasing popularity of mobile devices, which are often used in environments where it is not convenient or possible to use wired devices.
Finally, another key trend is the increasing use of alternative input methods. This trend is being driven by the increasing popularity of touch-based devices such as tablets and smartphones.
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Key Drivers
The key drivers of the computer peripherals market are the ever-increasing demand for better performance, higher efficiency, and miniaturization. The other drivers include the need for better security, connectivity, and portability.
The ever-increasing demand for better performance is driven by the need for faster processing, higher data storage capacity, and better graphics.
The higher efficiency is driven by the need to save energy and reduce heat generation.
Miniaturization is driven by the need for smaller and more portable devices. The other drivers include the need for better security, connectivity, and portability.
Restraints & Challenges
The key restraints and challenges in the Computer Peripherals market include the following:
1. Lack of standardization: There is a lack of standardization in the computer peripherals market, which hampers the growth of the market.
2. Compatibility issues: Compatibility issues are another major challenge faced by the computer peripherals market. Different types of computer peripherals are not compatible with each other, which creates problems for the users.
3. High cost: The cost of computer peripherals is another key restraint in the market. The prices of computer peripherals are quite high and this is a major deterrent to the growth of the market.
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Market Segments
The computer peripherals market is segmented by type, end-user, and region. By type, the market is segmented into input devices, output devices, and storage devices. Based on the end-user, it is bifurcated into residential use, and commercial use. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global computer peripherals market includes players such as Apple Inc., Canon Inc., Dell Inc., Seiko Epson Corporation, Hewlett-Packard Enterprise, Hitachi Ltd., IBM Corporation, Intel Corporation, Logitech International S.A., Microsoft Corporation, and others.
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