From 2013 to 2023, the Spanish market for computers and peripheral equipment has seen fluctuations, growing significantly from 4.225 billion Euros in 2013 to 5.9215 billion Euros in 2023. Notable variations include a peak in 2017 with a 24.63% year-on-year increase and declines in 2016 and 2019 by 5.98% and 10.78%, respectively. In recent years, growth has stabilized, with 2023 showing a 1.94% increase over 2022. The five-year CAGR leading up to 2023 is modest at -0.12%.
Looking ahead, the market is forecasted to grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2028, reaching 6.4691 billion Euros by 2028. This forecast implies a steady but modest growth trend, driven by continued technological advancements and increasing demand across various sectors.
Future trends to watch for include the integration of AI and machine learning in peripherals, growing emphasis on cybersecurity in hardware, and the rising popularity of sustainable and eco-friendly computing products. These factors are likely to drive innovation and demand, shaping the market in the coming years.
