If you thought increased interest in gaming-focused monitors, desktops, and laptops would weaken as the pandemic subsides, you might want to hold onto your RGB gaming chair: International Data Corporation (IDC) predicts four more years of increased demand, with each segment growing faster than its parent market.
This week, the global researcher shared the latest figures from his Quarterly World Gaming Tracker and predicted that gaming monitor shipments will increase, from 14.2 million displays in 2020 to 26.4 million in 2025 for a compound annual growth rate (CAGR) of 13.2 percent.
As the pandemic brought shortages in gaming hardware, from graphics cards to CPUs and even the latest consoles, gaming monitors were among the few serious pieces of hardware available to gamers. And with mandatory closings around the world, many people were simply looking for something to do.
According to IDC, 41.3 million gaming PCs were shipped last year and 52.3 million will ship in 2025, representing a growth rate of 4.8 percent.
“Increasingly affordable pricing and the ability to handle a variety of tasks outside of gaming are just some of the reasons we expect the gaming PC market to remain healthy for years to come,” Jay Chou, Manager Research Officer from IDC’s Worldwide Quarterly PC Monitor Tracker, said in a statement accompanying IDC’s announcement.
IDC’s predictions come as 2021 already shows rising numbers, despite still shortages of GPUs and other PC components and supply issues affecting displays. In the second quarter of 2021, shipments of gaming monitors and gaming PCs, combined, grew 19.3 percent compared to the second quarter of 2020 to 15.6 million in total.
“The gaming market was on fire for years before the pandemic started in 2020, and things only accelerated as most people were spending more time at home and in front of screens,” Ryan Reith, Vice President of IDC Device Trackers Mobility and Consumer group, it said in a statement.
IDC is confident that this trend will continue, even as pandemic restrictions are lifted and triggered in other markets, like Chromebooks, to see a decrease in demand.
“At this point, the global supply shortage is well known and continues to be a moving target, yet the demand for gaming hardware (PCs, consoles, monitors, etc.) and titles continues to rise,” Reith said. “Many have speculated that as the reopening begins slowly around the world, this growth could be in jeopardy, but we are not seeing it.”
So what does all this add to in addition to a lot of credibility in games? IDC believes the PC and gaming monitor market will be worth $ 60 billion in 2025, a big boost from $ 43 billion in 2020.
Gaming monitors can even get cheaper. The median selling price (ASP) for a gaming display was $ 339 in 2020, but it will be a little meager at $ 309 in 2025, IDC said.
However, we are probably not so lucky with gaming PCs. The ASP for gaming systems is expected to hit four-figure territory in 2025 at $ 1,007, compared to $ 925 last year.