Gaming PCs and Monitors Will Benefit from Increased Time at Home

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The following is a press release from International Data Corporation (IDC) submitted to SOURCE media through its business wire.

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FRAMINGHAM – Despite the negative and outright disastrous effects of the global pandemic, the spread of COVID-19 has brought with it some opportunities in the consumer electronics industry. With many people stuck at home, the gaming market has benefited from new interest.

As a result, global shipments of gaming PCs and monitors are expected to increase 16.2% year over year to 49.6 million units in 2020, according to the International Data Corporation (IDC) Worldwide Quarterly Gaming Tracker.

This growth is expected to continue into 2024 as shipments rise to 61.9 million units with a five-year compound annual growth rate (CAGR) of 5.7%.

“Though the first half of 2020 faced supply issues when it comes to hardware, spending on gaming software and services has continued to rise along with hours played,” said Jitesh Ubrani research manager for IDC’s Worldwide Mobile Device Trackers. “The next six to twelve months is when we expect a real surge in gaming PCs as new GPUs from veterans Nvidia and AMD and underdog Intel are expected to drive prices down and performance up. Moreover, new game titles and support for ray tracing on existing titles will drive additional hardware refreshes.”

Beyond gaming hardware, new console launches and game streaming from cloud services such as Luna, Stadia, and Xbox Game Pass are expected to have a positive impact on gaming PCs and monitors as these services are likely to whet the appetite of aspiring gamers. “New GPUs, increased time spent on gaming, and new game developments have renewed the need for capable gaming monitors that can keep up,” said Jay Chou, research manager for IDC’s Worldwide PC Monitor Tracker. “The market has responded with many attractive displays for PC gaming. Burgeoning developments such as cloud gaming should help entry-level PC owners to dip their toes into gaming and with some time this development could further benefit the monitor market as some users will opt to buy a gaming monitor for a more competitive experience.”

Gaming Forecast by Product Category, 2020-2024 (shipments in millions)
Product
Category
2020
Shipments*
2020 Average
Selling Price*
2024
Shipments*
2024 Average
Selling Price*
2020-2024
CAGR
Desktop14.8$69915.8$6711.6%
Monitor12.4$34816.0$3416.4%
Notebook22.3$96730.2$9557.9%
TOTAL49.6 61.9 5.7%
Source: IDC Worldwide Quarterly Gaming Device Tracker, September 30, 2020

IDC’s Worldwide Quarterly Gaming Tracker gathers data in more than 50 countries and provides detailed, timely, and accurate information on the global gaming PC and display market. The program provides insightful analysis, quarterly market share data, and a five-year forecast that can be broken down by key geographies.

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International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world’s leading tech media, data and marketing services company. The company’s headquarters is in Framingham, but plans to move to Needham in 2021.

editor

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