The report titled PC Peripherals Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for PC Peripherals Market Products.
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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.
PC peripherals marketing India is witnessing a dynamic growth and is exhibiting prominent signs of further development in the years to come. The market was valued at INR 15 bn during 2009 and is expected to attain a CAGR of 20% to reach INR 44.8 bn by 2015. Presence of major PC adopting industry verticals and increasing replacement of obsolete hardware is primarily boosting the market.
The report begins with an introduction to the market scope of the report, wherein the PC peripherals covered, has been illustrated for the better understanding of readers. This is followed by the market overview section which talks about the primary growth factors fueling growth in the market, some of the major PC peripheral adopting industry verticals along with the market segmentation (2009) and market size and growth figures (2009-2015e).
Import and Export section highlights the trade conducted in Indian PC peripherals market since 2006. The commodities covered within this section bear the HS code 8471. Import and export data for individual items has been illustrated with graphs so as to facilitate better understanding for readers. This section also features an analysis which covers the overall import and export since 2006 and brings forth the crucial developments in the trade conducted so far. Aspects such as the growth rate of import and export of individual items and any discontinuity of products over the years have especially covered so as to give a clear picture of the market scenario.
The report features a separate section on the market entry strategy. This section is primarily aimed to cater to the needs of prospective new entrants in the market. Strategies mentioned within, have been derived after a thorough research of existing players and their marketing policies and are intended to provide a crucial support for creating an efficient go-to market strategy.
An analysis of the drivers and challenges explains the factors leading to the growth of the market including huge PC base, declining prices, increased disposable income, mature e-Commerce market, increasing replacement of obsolete hardware and government participation. The market holds a strong potential for players to capitalize on as the presence of a mammoth PC base and increasing replacement of obsolete peripherals is stimulating significant growth in the market. This coupled with the fact that the increased disposable income and constant decline of prices will further provide a pivotal support for the market. Additionally, initiatives taken by the Government o India such as the e-governance will further raise the demand for PC peripherals in the market by a large extent. The key challenges identified are the emergence of Smart handheld devices and the presence of grey market. Smart handheld devices eliminate the need for most common PC peripherals thereby bringing down the revenue of the market, grey markets sell products prior to their official launch at comparatively lower prices and hence consumers are attracted by the fact of getting the latest product first hand, which in turn further reduces the revenue generated by the overall market.
Trends identified in the market comprise of vendors foraying into smart handheld device segment, Aesthetic value of products is becoming an important criteria for customers and a surge in demand of LED monitors. Some of the key players in the market have shown prominent signs of growing interest in the Smart handheld devices segment wherein they have already forayed into the Tablet PC s segment. Off-late peripheral manufacturers have also emphasized on the aesthetics value of products and are constantly coming up with more portable, compact and attractive looking products. The market has also witnessed a robust surge in the demand for LED display units. Primarily, these sell of LED units is slowly gaining momentum in the market by virtue of their portability and ability to consume less power.
The competition section provides detailed information about the competitive landscape in the market and includes a detailed profile of the major players in the market. This section covers crucial information about the players such as their corporate information, business highlights and sales intelligence. The section also tabulates the financial highlights of individual players profiled in the report, thereby reflecting upon their respective financial health. Major IT peripheral distributors section discusses about some of the top IT peripheral distributors in India. It enlists vital company information such as the corporate highlights, relevant point of contacts and necessary business highlights.
A separate section on the recent product launches is included in the report which gives value added information about the latest developments in the market in terms of product launches.
The report concludes with a section on strategic recommendations which comprises of an analysis of the growth strategies of the PC peripherals market in India.
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The Market report answers the following questions:
What is the aim of the report?
- The PC Peripherals Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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