What’s In Store For Peripherals in 2023?

Article submitted by Mara Pereira, VP Peripherals Europe, TD SYNNEX

In recent years we have seen a number of changes for peripherals and networks, but in 2023 more is in store. The necessity for better connection continues to grow and with that we will see network connectivity be taken more seriously. Not only that, but accessorising will also be a major trend as more consumers and workers look to get the most out of their technology.

Better network connectivity

As improved levels of network connection continues to be necessary for businesses and customers, there will be a growth of the market around Wi-Fi 6, mesh and 5G. It is time for the industry to start communicating its plans to offer even lower latency and higher bandwidth in 2023.

5G getting properly serious

Already we have seen a pipeline of 5G compatible device deployments and an increase in customers using 5G ready devices. Research from CCS Insights has predicted that 5G connection will reach one billion worldwide by mid-2023, with 5G network rollouts in Europe trailing by one year. This research also forecasted that in the longer term, subscriptions to 5G networks is predicted to reach 2.6 billion in 2025. This is equivalent to more than one in every five mobile connections being 5G compatible.

2023 should be another year of progress for 5G. In 2023, 5G is predicted to be the biggest growing sub-category in networking, and the appetite for 5G will continue to grow as a fail over solution as end users’ expectations for network connectivity are set by their personal experience of fibre into the home. However, these developments have been slowed down by technology supply chain issues that may continue in 2023.

Accessorise to beat the economic blues

At the moment, peripherals are a very fragmented market, and is getting even more fragmented. However, this area will see healthy levels of growth throughout 2023. For example, as budgets tighten, workers and businesses must look at ways to make the most of the technology which they already have.

There is evidence of this in a boom in cable convertors to upgrade existing displays. Double consumption will continue and go to new lengths. According to research from TD SYNNEX and Canalys, 48 percent of businesses see endpoint devices as a top revenue driver and 14 percent see this is one of the most profitable parts of their business. As workers and businesses have already realised that they needed a good technology set up at home and in the office, it has supported the growth in demand for keyboards, mice, external monitors and other accessories

Further, the need for better accessories will continue to fuel growth for the twin boom in conferencing AV in the home and back in the office. This ensures that businesses and employees always have the best online meeting experience no matter where they are located. There are some micro-trends that will gain pace in 2023. For example, workers are adding to their headset collection with one for home, one for the office and now a third for when they are travelling between both locations or want to roam around their homes, gardens or office campuses.