As of the third quarter of 2024, most internet users worldwide named finding information as the main motivation to go online. Staying in touch with friends and family was the second-most popular reason to use the internet, while keeping up to date with news and events ranked third. Mobile vs. desktop In the last decade, internet usage shifted toward mobile devices. In the second quarter of 2024, 96.2 percent of internet users globally accessed the web via mobile devices, highlighting their widespread adoption. In online activity, mobile phones generated 60 percent of all web page views by January 2024. Additionally, users spent most of their daily internet time, around 57 percent on mobile devices, while computers accounted for 43 percent. TikTok and short video Seemingly overnight, short videos have become one of the most consumed forms of user-generated content. TikTok and Instagram were the two leading platforms for social and short-form video content as of the first quarter of 2024. Furthermore, TikTok’s surge in popularity in recent years, turned it into one of the most downloaded mobile apps worldwide in 2024. Its success continued as TikTok content recorded the highest video views across all account sizes.

As of February 2025, 5.56 billion individuals worldwide were internet users, which amounted to 67.9 percent of the global population. Of this total, 5.24 billion, or 63.9 percent of the world's population, were social media users. Global internet usage Connecting billions of people worldwide, the internet is a core pillar of the modern information society. Northern Europe ranked first among worldwide regions by the share of the population using the internet in 20254. In The Netherlands, Norway and Saudi Arabia, 99 percent of the population used the internet as of February 2025. North Korea was at the opposite end of the spectrum, with virtually no internet usage penetration among the general population, ranking last worldwide. Eastern Asia was home to the largest number of online users worldwide – over 1.34 billion at the latest count. Southern Asia ranked second, with around 1.2 billion internet users. China, India, and the United States rank ahead of other countries worldwide by the number of internet users. Worldwide internet user demographics As of 2024, the share of female internet users worldwide was 65 percent, five percent less than that of men. Gender disparity in internet usage was bigger in African countries, with around a ten percent difference. Worldwide regions, like the Commonwealth of Independent States and Europe, showed a smaller usage gap between these two genders. As of 2024, global internet usage was higher among individuals between 15 and 24 years old across all regions, with young people in Europe representing the most significant usage penetration, 98 percent. In comparison, the worldwide average for the age group 15–24 years was 79 percent. The income level of the countries was also an essential factor for internet access, as 93 percent of the population of the countries with high income reportedly used the internet, as opposed to only 27 percent of the low-income markets.

The global number of internet users in was forecast to continuously increase between 2024 and 2029 by in total 1.3 billion users (+23.66 percent). After the fifteenth consecutive increasing year, the number of users is estimated to reach 7 billion users and therefore a new peak in 2029. Notably, the number of internet users of was continuously increasing over the past years.Depicted is the estimated number of individuals in the country or region at hand, that use the internet. As the datasource clarifies, connection quality and usage frequency are distinct aspects, not taken into account here.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of internet users in countries like the Americas and Asia.

When asked about "Attitudes towards the internet", most Mexican respondents pick "It is important to me to have mobile internet access in any place" as an answer. 56 percent did so in our online survey in 2025. Looking to gain valuable insights about users of internet providers worldwide? Check out our reports on consumers who use internet providers. These reports give readers a thorough picture of these customers, including their identities, preferences, opinions, and methods of communication.

When asked about "Attitudes towards the internet", most Japanese respondents pick "I'm concerned that my data is being misused on the internet" as an answer. 35 percent did so in our online survey in 2025. Looking to gain valuable insights about users of internet providers worldwide? Check out our reports on consumers who use internet providers. These reports give readers a thorough picture of these customers, including their identities, preferences, opinions, and methods of communication.

When asked about "Attitudes towards the internet", most Chinese respondents pick "It is important to me to have mobile internet access in any place" as an answer. 50 percent did so in our online survey in 2025. Looking to gain valuable insights about users of internet providers worldwide? Check out our reports on consumers who use internet providers. These reports give readers a thorough picture of these customers, including their identities, preferences, opinions, and methods of communication.

Internet Search Portals Market Outlook

The global Internet Search Portals market size was valued at approximately USD 150 billion in 2023 and is anticipated to grow with a robust CAGR of 7.5% from 2024 to 2032, reaching an estimated value of USD 291 billion by 2032. This growth trajectory is primarily driven by the increasing penetration of the internet and the proliferation of mobile devices, which enhance accessibility and usage of search portals globally. With the rapid advancement of technology, the demand for personalized and efficient search experiences is propelling the market upwards.

The escalating volume of digital content and the need for its efficient retrieval are key growth factors for the Internet Search Portals market. As the digital realm expands, users are inundated with information, necessitating advanced search functionalities to sift through data effectively. This has led to heightened investments in artificial intelligence and machine learning within search algorithms, making search portals smarter and more intuitive. Furthermore, the integration of voice recognition and natural language processing technologies is enhancing user experience, driving further market expansion. The quest for an optimized and seamless user interface continues to fuel the innovation within this domain.

Another significant growth factor is the increasing reliance on data analytics by businesses to gain insights and drive decision-making processes. Internet search portals are evolving beyond mere information retrieval systems to become integral tools for market analysis, trend spotting, and consumer behavior understanding. Enterprises are leveraging search data to optimize their marketing strategies, refine product offerings, and enhance customer engagement. This is particularly evident in sectors like e-commerce and digital marketing, where search portals serve as the backbone for operations and strategy formulation. As businesses continue to recognize the value of search data, the demand for sophisticated search portals is set to rise.

The surge in mobile internet usage is also a critical factor propelling the growth of the Internet Search Portals market. With smartphones becoming ubiquitous, users are increasingly accessing search portals via mobile devices. This mobile-first approach has prompted search providers to optimize their platforms for mobile compatibility, enhancing speed, usability, and user experience on smaller screens. The proliferation of mobile search is expected to continue, supported by advancements in 5G technology, which promises faster data speeds and improved connectivity. This trend is anticipated to further bolster the market, as it aligns with the growing consumer preference for on-the-go information access.

Regionally, North America holds a significant share of the Internet Search Portals market, driven by technological advancements and a high internet penetration rate. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period. Factors such as increasing smartphone adoption, rising internet accessibility, and the burgeoning middle-class population contribute to this growth. Furthermore, governments in this region are investing heavily in digital infrastructure, creating a conducive environment for the proliferation of search portals. Meanwhile, Europe continues to show steady growth, emphasizing data privacy and regulatory compliance, which are shaping the market dynamics in this region.

Type Analysis

The Internet Search Portals market can be segmented into General Search Portals and Vertical Search Portals. General Search Portals dominate the market, catering to a vast array of user queries across numerous topics and categories. These portals are typically characterized by their broad scope and ability to retrieve a wide range of information, making them indispensable tools for everyday internet users. The widespread adoption of these portals is driven by their user-friendly interfaces and comprehensive search capabilities, which allow users to find relevant information with ease. General search portals are continuously evolving, incorporating advanced technologies such as artificial intelligence and machine learning to enhance search accuracy and user satisfaction.

Vertical Search Portals, on the other hand, are designed to provide more focused and domain-specific search experiences. They serve niche markets by offering specialized content and resources, catering to users with specific interests or requirements. Examples include travel search engines, job search portals, and shopping search p

When asked about "Attitudes towards the internet", most Australian respondents pick "It is important to me to have mobile internet access in any place" as an answer. 55 percent did so in our online survey in 2025. Looking to gain valuable insights about users of internet providers worldwide? Check out our reports on consumers who use internet providers. These reports give readers a thorough picture of these customers, including their identities, preferences, opinions, and methods of communication.

The survey examined the use of computers in everyday life as well as people's memories of computer use. Altogether 1,453 persons (1,119 men, 329 women, and 5 undefined) answered the internet-based survey. The survey contained 45 questions, 29 of which were open-ended. Concerning their first computer, the respondents were asked who in their household had purchased the computer, and who had used it the most. Current computer use was charted by asking the respondents about the types of computers they had at their disposal, where they used computer the most, and what they used their computer for. The respondents were also asked if they had a smartphone, and what brand it was. The background variables inclued the respondent's gender, age, occupation, education level, and region of residence.

Vast records of our everyday interests and concerns are being generated by our frequent interactions with the Internet. Here, we investigate how the searches of Google users vary across U.S. states with different birth rates and infant mortality rates. We find that users in states with higher birth rates search for more information about pregnancy, while those in states with lower birth rates search for more information about cats. Similarly, we find that users in states with higher infant mortality rates search for more information about credit, loans and diseases. Our results provide evidence that Internet search data could offer new insight into the concerns of different demographics.

From 2015 to 2023, the percentage of internet users in both metropolitan central areas and metropolitan suburbs in Italy increased to interest approximately 80 percent. Moreover, central areas registered a slightly higher number of individuals using the internet. Specifically, about 84 percent of individuals living in these areas used internet in 2023. Furthermore, if considering the area of origin of internet users, most of them came from the North regions. Italian internet users increased significantly from 2006 to 2023 From 2006 to 2023, the usage of internet in Italy increased significantly. Indeed, if in 2006 only 34 percent of the Italian population surfed on the web, the penetration rate of internet more than doubled in 2023. The internet user penetration in Italy is estimated to increase to roughly 96 percent by 2029. In 2023, there were roughly 47 million internet users in Italy. More than a half of Italians use internet every day In addition to the gradual increase in the usage of internet, also the percentage of internet daily users rose constantly. In fact, more than 67 percent of the Italian population used internet every day in 2023. Moreover, a rather balanced gender distribution was registered among the Italians who used internet on a daily basis. However, a significant gender gap was found among individuals aged 65 and older using the internet.

The survey charted Finnish everyday life, values, attitudes, and current phenomena. First, the respondents were asked about their hobbies and leisure habits. The respondents' values were examined with the 57-item Schwarz Value Survey (SVS). Next, the respondents were asked how they felt about 100 current issues, such as the European Union, refugee reception, equality, changeover to the euro, and liberalisation of shop opening hours. The respondents were asked to assess the role of the Finnish Red Cross in Finnish society. Their experiences of being busy, internationalisation and friendships were also surveyed. Working life, work motivation, job satisfaction and characteristics of a good employer were examined. Several questions were asked about the respondents' consumption of alcoholic beverages, Finnish drinking culture and beer advertising. Respondents' views on money, ownership and advertising were further explored. Attitudes towards different companies and brands were also asked. The respondents' media use was charted. Questions included, for example, which newspapers and magazines the respondents read and how often, which TV shows they found most interesting, and how often they watched TV or listened to the radio. Additionally, the respondents were asked how interested they were in the launch of digital TV broadcasting, whether they currently used or were planning on purchasing or acquiring various electronic devices or services (e.g. a laptop, PC, mobile phone, or ADSL access to the internet), how well they thought they could use a computer and a mobile phone, and how often, on which devices and for what purposes they used the internet. The importance of the various programmes of the public service provider, the Finnish Broadcasting Company (YLE), was assessed. In addition, the respondents' different interests, such as motoring, politics, art, news, science, childcare and fashion, were surveyed. Next, the respondents' views on current phenomena were charted with various statements on matters such as relationships, commercialism, business, Finnish identity, internationalisation, self-image and following the news. The respondents' eating habits were surveyed with a range of questions. Among other things, the respondents were asked about their use of different foods and dishes. Changes in society and concerns about the future were surveyed with several questions. For example, the respondents were asked which things have changed for better or worse and in which direction Finland's national security and economy will develop in the coming years. Finally, questions were asked about health and equality. Background variables included the respondent's gender, age, marital status, level of education, job title, economic activity and occupational status, type of municipal of residence, household size, number of children aged under 18 living in the household, income of the household, and job title of the second parent/guardian of the children.

The internet penetration rate in India rose over 55 percent in 2025, from about 14 percent in 2014. Although these figures seem relatively low, it meant that more than half of the population of 1.4 billion people had internet access that year. This also ranked the country second in the world in terms of active internet users. Internet availability and accessibility By 2021, the number of internet connections across the country tripled with urban areas accounting for a higher density of connections than rural regions. Despite incredibly low internet prices, internet usage in India has yet to reach its full potential. Lack of awareness and a tangible gender gap lie at the heart of the matter, with affordable mobile handsets and mobile internet connections presenting only a partial solution. Reliance Jio was the popular choice among Indian internet subscribers, offering them wider coverage at cheap rates. Digital living Home to one of the largest bases of netizens in the world, India is abuzz with internet activities being carried out every moment of every day. From information and research to shopping and entertainment to living in smart homes, Indians have welcomed digital living with open arms. Among these, social media usage was one of the most common reasons for accessing the internet.

The global social network platform market is experiencing robust growth, driven by the increasing adoption of smartphones, rising internet penetration, and the ever-growing need for online social interaction. The market, estimated at $200 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 15% between 2025 and 2033, reaching approximately $650 billion by 2033. This growth is fueled by several key factors, including the increasing popularity of mobile social networking apps, the emergence of new social media platforms catering to niche interests, and the integration of social media into various aspects of daily life, from commerce to news consumption. The market is segmented by application (Large Enterprises and SMEs) and type (Cloud-Based and Web-Based), with cloud-based platforms dominating due to their scalability, accessibility, and cost-effectiveness. North America currently holds the largest market share, followed by Europe and Asia Pacific, although the latter is expected to experience the fastest growth in the coming years due to its expanding internet user base and rising mobile penetration. While the market faces challenges such as data privacy concerns and regulatory hurdles, the overall growth trajectory remains positive, propelled by continuous innovation and the evolving nature of online social interaction. The competitive landscape is highly fragmented, with a mix of established giants like Facebook, Twitter, and LinkedIn, alongside numerous smaller, niche players. These platforms are constantly evolving, adapting to changing user preferences and technological advancements. Key strategies employed by market players include expanding their feature sets, integrating advanced analytics for enhanced user targeting, and forging strategic partnerships to increase reach and market share. The increasing importance of social commerce and the rise of metaverse platforms present significant opportunities for growth in the coming years. However, companies need to navigate the complexities of data security and user privacy to maintain consumer trust and compliance with evolving regulatory landscapes. Successful players will likely be those that can effectively leverage data-driven insights to enhance user experience and monetize their platforms responsibly.

As of the third quarter of 2024, internet users spent six hours and 38 minutes online daily. This is a slight increase in comparison to the previous quarter. Overall, between the third quarter of 2015 and the third quarter of 2024, the average daily internet use has increased by 19 minutes. Most online countries Internet users between 16 and 64 years old in South Africa spent the longest time online daily, nine hours and 27 minutes, followed by Brazil and the Philippines. These figures include the time spent using the internet on any device. In Japan, internet users spent around three hours and 57 minutes online per day. Users in Denmark also spent relatively less time on the internet, reaching about five hours daily. Most common online activities According to a 2024 survey, more than six in 10 people worldwide used the internet to find information. Furthermore, the usage of communication platforms was also a common reason for going online, followed by online content consumption, such as watching videos, TV shows, or movies.

Digital TV & Video Market Outlook

The global digital TV & video market is poised to experience remarkable growth, with its market size reaching approximately USD 400 billion in 2023 and projected to surpass USD 650 billion by 2032, registering a CAGR of 5.8% during the forecast period. This growth is driven by a confluence of technological advancements, consumer behavior shifts, and the proliferation of high-speed internet connectivity. As digital content consumption becomes increasingly integral to everyday life, the demand for diverse and high-quality video content continues to surge, compelling stakeholders to innovate and adapt rapidly.

One of the primary growth factors in the digital TV & video market is the rapid technological advancement in video streaming and broadcast technologies. The availability of high-speed internet has facilitated seamless streaming capabilities, enabling consumers to access content across multiple devices without buffering delays. Additionally, innovations in streaming codecs and video compression technologies have enhanced video quality while minimizing data usage, which is pivotal for regions with limited bandwidth. The rise of 4K and even 8K resolution content, supported by advanced display technologies, further fuels consumer interest, as they seek immersive viewing experiences that mimic cinematic quality from the comfort of their homes.

Consumer behavior shifts also play a crucial role in the market's expansion. The modern consumer prioritizes convenience and flexibility, which has led to the accelerated adoption of Over-the-Top (OTT) platforms and Video on Demand (VoD) services. These platforms offer personalized viewing experiences with a wide variety of content and the ability to watch anywhere and anytime. Binge-watching culture, cultivated by platforms like Netflix and Amazon Prime, has redefined how content is consumed, leading to increased subscription rates and the proliferation of new content creators. This trend is further amplified by the younger demographics, who prefer digital platforms over traditional cable TV, thus driving the overall market growth.

The escalating investment in content creation and acquisition is another significant driver. Major players in the digital TV and video landscape are investing heavily in original programming and exclusive content rights to attract and retain subscribers. The competitive nature of the market has encouraged partnerships and collaborations among content creators, tech firms, and distribution platforms, resulting in a rich and diverse content pool. This investment trend is likely to continue, as companies strive to differentiate themselves in an increasingly crowded market. Furthermore, the integration of artificial intelligence and analytics to personalize content recommendations is improving viewer engagement and satisfaction, contributing to market growth.

The advent of Video Services on Connected TV has further revolutionized the way audiences consume content. Connected TVs, which integrate internet capabilities directly into the television, allow users to access a plethora of video services without the need for additional devices. This seamless integration has made it easier for consumers to enjoy streaming services, live TV, and on-demand content all from a single interface. As more households adopt connected TVs, the demand for video services tailored to these platforms is expected to rise. This trend not only enhances the viewing experience but also opens up new avenues for content providers to engage with audiences through interactive and personalized services.

Geographically, the digital TV & video market demonstrates varied growth patterns, with North America leading due to its advanced digital infrastructure and high consumer spending on entertainment. Europe follows closely, driven by increasing broadband penetration and a mature OTT market. The Asia Pacific region is expected to witness the highest growth rate, fueled by the rising middle class, expanding internet user base, and significant investments in broadband infrastructure. Meanwhile, Latin America and the Middle East & Africa are emerging as potential growth markets, as improvements in connectivity and digital literacy continue to unfold. These regions are also seeing a rise in localized content, catering to diverse linguistic and cultural preferences, which helps in capturing and expanding their market share.

Resolution Type Analysis

The

Internet Only Bank Market Outlook

The global internet-only bank market size was valued at approximately $30 billion in 2023 and is projected to reach $120 billion by 2032, growing at a compound annual growth rate (CAGR) of 16.5%. The primary growth factor for this market is the increasing demand for digital banking solutions driven by technological advancements and the growing preference for convenience among consumers.

The growth of the internet-only bank market is significantly driven by the rapid adoption of smartphones and internet connectivity across the globe. As more people gain access to high-speed internet and affordable smartphones, the ability to perform banking transactions online has become more accessible. This shift in consumer behavior towards digital platforms is reshaping the traditional banking landscape, leading to a surge in the number of internet-only banks or neobanks. Moreover, the COVID-19 pandemic has accelerated the adoption of online banking services, as consumers and businesses alike sought contactless ways to manage their finances.

Another significant growth factor is the cost-efficiency and operational advantages that internet-only banks offer compared to traditional brick-and-mortar banks. By eliminating the need for physical branches, internet-only banks can significantly reduce overhead costs, allowing them to offer more competitive interest rates and lower fees. This cost advantage is particularly appealing to younger, tech-savvy consumers who are more likely to switch to digital banking solutions for better financial returns and fewer hassles.

Regulatory support and advancements in financial technology (fintech) are also playing a crucial role in the growth of the internet-only bank market. Governments and regulatory bodies across various regions are increasingly recognizing the benefits of digital banking and are introducing favorable regulations to promote its adoption. Additionally, innovations in fintech such as blockchain, artificial intelligence (AI), and machine learning are enhancing the security, efficiency, and user experience of internet-only banking platforms, thereby attracting more customers.

In the evolving landscape of digital finance, Payment Bank Solutions are becoming increasingly pivotal. These solutions are designed to facilitate seamless transactions and enhance the efficiency of digital banking services. By integrating advanced technologies such as AI and blockchain, payment banks are able to offer secure and swift transaction processing, which is crucial for both retail and corporate clients. The rise of internet-only banks has further accelerated the demand for robust payment solutions that can support a wide range of financial activities, from simple transfers to complex international transactions. As consumers and businesses continue to embrace digital banking, the role of payment bank solutions in ensuring smooth and reliable financial operations cannot be overstated.

Regionally, North America and Europe are the leading markets for internet-only banks, driven by high levels of digital literacy, advanced financial infrastructure, and supportive regulatory environments. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the rapidly growing middle class, increasing smartphone penetration, and government initiatives to promote digital financial inclusion. Emerging economies in Latin America and the Middle East & Africa are also showing promising growth potential as they continue to embrace digital transformation in the financial sector.

Service Type Analysis

When analyzing the internet-only bank market by service type, it is essential to explore the various services offered such as savings accounts, checking accounts, loans, credit cards, and others. Savings accounts represent a fundamental service provided by internet-only banks, offering customers the convenience of managing their funds online while earning interest. The low operational costs associated with maintaining digital-only savings accounts enable these banks to offer more attractive interest rates compared to traditional banks, making them a popular choice among consumers looking to maximize their savings.

Checking accounts are another critical service offered by internet-only banks, designed to facilitate everyday banking transactions such as bill payments, money transfers, and direct deposits. The ease of access a

Smartphones Market size was valued at USD 527,215.06 Million in 2024 and is projected to reach USD 760,845.72 Million by 2032, growing at a CAGR of 5.38% from 2026 to 2032.Global Smartphones Market DriversThe global smartphone market is a dynamic and ever-evolving landscape, propelled by a combination of technological innovations, shifting consumer behaviors, and strategic market developments. These key drivers, from the spread of mobile internet to the rise of integrated digital ecosystems, are continuously expanding the industry's reach and influencing its future direction. Understanding these forces provides critical insight into why smartphones have become such an indispensable part of modern life.Rising Mobile Internet Penetration: The increasing availability of high-speed mobile internet, including 4G and 5G networks, is a fundamental catalyst for smartphone adoption. This is particularly true in emerging markets where fixed-line internet infrastructure is often limited, making smartphones the primary or sole gateway to the digital world. The affordability of data plans, coupled with widespread Wi-Fi access, empowers millions to engage in online activities like streaming video, social media, and e-commerce, creating a powerful network effect that reinforces the need for a capable smartphone. This growing connectivity directly translates to higher device sales as consumers seek the hardware needed to fully leverage these digital services.Growing Demand for 5G-enabled Devices: The global rollout of 5G networks is a significant driver of smartphone upgrades. Consumers are motivated to replace their older devices to take advantage of the faster download and upload speeds, lower latency, and enhanced reliability that 5G offers. This new generation of connectivity enables seamless high-definition video streaming, lag-free online gaming, and efficient cloud-based applications. For both manufacturers and network operators, 5G is a key selling point, compelling users to invest in new hardware to future-proof their connectivity and access a new world of connected experiencesTechnological Advancements in Features: Continuous innovation in smartphone features is a powerful lure for consumers. The market is constantly being revolutionized by breakthroughs in hardware and software. High-end features like AI-powered cameras that can capture professional-grade photos, foldable displays that offer a larger screen in a compact form factor, and advanced biometric authentication (like in-display fingerprint sensors and facial recognition) create a strong incentive for consumers to upgrade. These advancements not only improve functionality but also create a sense of novelty and status, driving consumer interest and brand loyalty.Increasing Consumer Dependence on Mobile Applications: Smartphones have evolved from simple communication devices into essential tools for daily life. A vast and diverse ecosystem of mobile applications covering everything from banking and e-commerce to social networking, education, and healthcare—has made smartphones indispensable. This heavy reliance on apps means that consumers require a device that can handle multitasking, provide sufficient storage, and offer a smooth user experience. This dependency drives demand across all demographics, from students needing educational apps to professionals managing work on the go, making the smartphone a necessity rather than a luxury.Expanding Middle-Class Population and Rising Disposable Incomes: The growth of the middle class in developing countries is a major demographic driver for the smartphone market. As household incomes rise, smartphones become more affordable for a larger segment of the population. Manufacturers are capitalizing on this trend by offering a wide range of devices, from premium flagships to budget-friendly models, often with flexible, installment-based payment options. This increased affordability and accessibility, particularly in regions like Asia and Africa, significantly expand the customer base and fuel consistent sales growth.

According to Cognitive Market Research, the global IT Peripherals Market size was USD 12512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 5004.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3753.66 million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD 2877.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 625.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa are the major markets of around 2% of the global revenue with a market size of USD 250.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031
The Loudspeakers held the highest IT Peripherals Market revenue share in 2024.

Market Dynamics of IT Peripherals Market

Key Drivers of IT Peripherals Market

Increasing Demand for External Storage Devices to Propel the Market Growth

Increasing investment in storage technology in the media, communication, banking, and residential sectors has led to rising demand for external storage devices. The use of external storage devices is an essential component of modern businesses. Increasing Digital transformation initiatives across organizations, adoption of hybrid and all-flash arrays, government spending from various countries on advanced storage technologies, and growing workloads across industries are driving the demand for external storage devices. In addition, rising demand for increasing computer storage capacity for faster performance and the growing need for emergency data backups are expected to increase the adoption of external storage devices, which in turn will drive revenue growth of the market during the forecast period.

?Emerging Technologies in Peripherals to Drive the Market Growth?

The IT Peripherals Market has witnessed massive growth because of several factors, but the prime factor promoting the drilling market growth involves the rising development of exploration and deepwater exploration. With advancements in drilling technology and increasing demand for energy resources, there has been a growing interest in deepwater exploration and production. Drillships are specially designed to operate in deepwater environments and can reach water depths that other drilling rigs cannot access. The demand for drillships is driven by the need to explore and extract resources from these deepwater areas.

Restraint Factors of IT Peripherals Market

Growing Penetration of Mobile Phones to Restrict the Market Growth

The growing need for staying connected to social media sites and easy access to the internet has boomed the use of tech devices in our everyday lives. However, smartphones emerged as the winner. These portable devices offer a host of benefits, such as being very easy to carry, several apps for different uses, and the advantage of having the entire world's information in your pocket. This will create obstacles as people shift towards mobiles and tablets rather than heavy computers, which will ultimately restrict the expansion of the computer peripherals market during the review period.

Impact of COVID-19 on the IT Peripherals Market

?The COVID-19 pandemic negatively affected the global economy and computer peripherals market. Governments imposed stringent confinement measures such as social separation, remote working, and the restriction of commercial activity, all of which posed operational issues. The supply chain market has been hampered due to the outbreak, and therefore, the delivery of computer peripherals is slowed down. Introduction of the IT Peripherals Market

A computing device or equipment that is a part of the computer but does not execute any fundamental computing processes is referred to as a peripheral. Computer peripherals include all storage, input, and output devices on a computer. Photo scanners, consoles, mice, webcams, and moderators' pens, are examples of computer peripheral input devices.

The ...

The aim of this study was to chart the media participation of adolescents in Argentina, Egypt, Finland and India. The questions surveyed personal, social and public use of media as well as media literacy. First, the respondents were asked what media equipment (e.g. newspapers, radio, television, mobile phone, music players, video game consoles, computers) they had access to at home or somewhere else, and how often the respondents used them. They were also asked if a variety of media-related services were offered in their community/neighbourhood (e.g. libraries, movie theatres, internet cafés). In addition, the survey examined respondents' opinions on a variety of statements relating to matters such as media skills, rules for media use in the family, interest in media content, and fandom. Next, the respondents were asked which media they used for information-seeking regarding schoolwork, practical everyday matters such as timetables or the weather, current events and politics, puberty and sexuality, products and services, and which media they used for e.g. contacting relatives and friends, searching for a romantic partner, or contacting celebrities. They were also asked if they used media together with their families, friends, partners or virtual friends. It was asked if the respondents published their opinions via different media channels about social, political, cultural and environmental matters or human rights matters. The respondents were also asked if they would have liked to publish their opinions more often and why they had not done so. In addition to publishing opinions, they were asked if they published their own creative content, such as text, music, drawings, videos or computer programmes. Regarding media literacy, opinions were examined on the reliability and truthfulness of news articles, television programmes, internet pages, and advertisements. It was also surveyed whether the respondents thought that young people should be discussed more often in the media. They were also asked if the media often portrayed a distorted image of foreign countries and cultures. Next, the respondents' interest in a variety of themes was examined (both in "factual" and in "fictional" media), along with whether they published opinions or content regarding these themes or discussed them with other people (the themes included e.g. news, politics and society, the environment, human rights, sports, beauty and fashion, art, science, history, technology, and celebrities). The respondents were also asked if they had ever been interviewed for a newspaper article, a radio or television programme or some other medium, and to what extent it was possible for young people to have their opinions heard. The survey also charted respondents' experiences of limitations set on media use by e.g. governmental authorities or legislation, religion, school, family or friends. Finally, the respondents' internet use was surveyed with regard to how often they used the internet in different places (e.g. at school, at home, at a friend's home, in public or on a mobile phone) and for different purposes (e.g. information-seeking, e-mail, shopping, instant messaging, social media, gaming, or watching videos/movies). The respondents' mobile phone use was also examined with regard to how often they used a mobile phone for phone calls, SMS messages, gaming, listening to music or radio, using the internet, taking photos and watching videos, among others. Background variables included age, gender, country, type of neighbourhood, parents' occupations (categorised), ethnic group as well as the language spoken at home and the language used for responding to the questionnaire (mother tongue/English).