The computer industry has grown to extreme popularity since personal computers were invented and the Internet was born. The industry mainly comprises those that create software for personal and commercial uses, and those that manufacture computers and peripherals. The peripherals sector involves companies that design and manufacture a broad range of computer hardware, such as speakers, printers, scanners, internal and external storage devices, and video cards.

The ongoing trend within the computer peripherals or hardware sector is that companies doing business under the sector are constantly doing research and development (R&D) efforts to design and manufacture products offering great functionality as well as a number of features. Since the demand of customers is constantly changing, their products are also constantly innovating as well. In short, the R&D efforts of computer hardware manufacturers have played a significant role in meeting the ever-changing demands of customers.