Computer accessories market: pilots and forecasts by Technavio

LONDON–(COMMERCIAL THREAD) –Technavio

analysts predict the global computer accessories market to grow at a CAGR of nearly 6% during the forecast period, according to their latest report.

The research study covers the current scenario and growth prospects of the global market computer accessories Marlet for 2017-2021. Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources.

One of the major factors responsible for the growth of the market is an increase in the use of accessories by different niche companies and consumer sectors. Accessories are items used to add new functionality or enhance the current functionality of a PC. Vendors in the computer accessories market are offering several new products based on improved technologies, such as TransluSense keyboards by Luminae and Tobii REX Gaze interaction device, which will influence the market growth during the forecast period.

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Technavio analysts highlight the following three factors that are contributing to the growth of the global computer accessories market:

Price drop

The growing demand for PC accessories is also complemented by measures adopted by vendors to retain and eventually gain larger market share. In order to face the intense competition in the global computer accessories market, PC accessory suppliers are capitalizing on economies of scale to offer high volume of products at competitive and low prices.

Jujhar Singh, a leader computer devices research analyst at Technavio, says: “Market customers are price sensitive and therefore attracted to low to medium price ranges. The low price range translates into an increased mass market for computer accessories. The practice of pricing floor coverings to attract customers and gain market share increases the unit sales of the products. On top of that, user-friendly accessories at a nominal price will drive the market forward.. ”

The growing popularity of electronic sports

The landscape of the gaming market has changed dramatically with the launch of esports leagues. Several players have chosen it as a career option and hence the purchase of gaming accessories has become mandatory for these games. The Electronic Sports League was started with the aim of increasing the entertainment value of video games into a global sporting phenomenon.

North America is the largest market for PC gaming accessories, followed by APAC. APAC will be the fastest growing market due to the increase in disposable income of the people of this region and the growing popularity of online games.», Adds Jujhar.

Adoption of process automation in industries

The non-portable features and functions of PCs have led organizations to include more systems in the office infrastructure. As a result, there has been an increasing demand for peripherals. There is a significant and parallel growth of the stocks invested in the corporate sector as well as in the high end market.

Organizations use PCs for their reliability and ease of access, ensuring smooth operation from management to employees at the bottom of the hierarchical pyramid. The current demands of business organizations will ultimately give rise to high manufacturing rate in the global computer accessories market during the forecast period.

Best suppliers:

  • Logitech

  • HP Development Company

  • Seagate technology

  • Toshiba Corporation

  • western digital

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About Technavio

Technavio

is a leading global technology research and consulting company. The company develops more than 2,000 research projects each year, covering more than 500 technologies in 80 countries. Technavio has around 300 analysts around the world who specialize in personalized consulting and business research assignments on the latest cutting-edge technologies.

Technavio analysts use primary and secondary research techniques to determine the size and landscape of vendors in a range of markets. Analysts obtain insights using a combination of bottom-up and top-down approaches, in addition to using internal market modeling tools and proprietary databases. They corroborate this data with data obtained from various market players and stakeholders throughout the value chain, including vendors, service providers, distributors, resellers and end users.

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