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%.
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 IDC Worldwide Quarterly Gaming Tracker.
“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.”
Table Notes:
* All figures represent forecast data.
- IDC identifies Gaming PCs as desktops or notebooks that have a Premium or Performance grade GPU. This includes the mid-range and high-end offerings from Nvidia and AMD. Professional grade GPUs such as the Quadro or Radeon Pro are excluded from IDC’s gaming PC definition. Similarly, IDC identifies Gaming Monitors as those with a refresh rate of 100 Hz or higher.
In addition to the table above, a graphic illustrating IDC’s worldwide gaming PC and monitor forecast is available by viewing this press release on IDC.com.
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.
For more information, or to subscribe to the research, please contact Kathy Nagamine at 650-350-6423 or knagamine@idc.com.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC’s Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
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About IDC
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. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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Contacts
Ryan Reith
rreith@idc.com
650-350-6242
Jitesh Ubrani
jubrani@idc.com
416-873-0315
Michael Shirer
press@idc.com
508-935-4200
