The market size for Computers and Peripheral Equipment in the UK in 2023 stood at €17.649 billion. Examining the period from 2013 to 2016, the market showed minor fluctuations but remained relatively stable. A significant decline occurred in 2017 with a sharp drop of 12.23%. From 2018 onwards, the market continued to contract, with a moderate recovery in 2021 showing a 5.69% increase. However, the trend resumed its decline by 2022, leading to a 2023 value that is lower by 1.55% year-on-year.
The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.52%, indicating a continuous downward trend. The forecast for the next five years anticipates a further annual average decline of 1.36%, resulting in a cumulative decrease of 6.62% by 2028.
Future trends to watch for include the impact of increasing demand for mobile computing solutions, advancements in cloud computing, and the potential resurgence in the market for peripheral equipment due to innovations in virtual and augmented reality technologies.
