NEEDHAM, Mass.--(BUSINESS WIRE)--As demand for PCs and monitors has slowed, demand for gaming PCs and monitors has seen some resiliency. International Data Corporation (IDC) forecasts worldwide shipments of gaming monitors to grow 10.8% year over year in 2023 while gaming PCs are expected to decline 10.5%. Despite the decline in gaming PCs, the market is expected to contract less than the overall PC market as buyers take advantage of low pricing on previous generation products and discounting on the current generation due to excess inventory. Meanwhile, gaming monitors have already managed to rebound during the first half of 2023 as vendors focus on more profitable segments of the display market amidst a general downturn.
"Poor macroeconomic conditions continue to reduce purchasing power for general consumers and gamers alike," said Jitesh Ubrani, research manager for IDC's Mobility and Consumer Device Trackers. "While the global economy has begun to improve, many gamers are cautious with their spending, prompting them to hold onto their existing PCs for longer or to consider purchasing refurbished gaming PCs in the near future in order to control costs."
"After five quarters of year-on-year volume declines, the gaming monitor market managed to regain positive momentum in the second quarter," said Jay Chou, research manager for IDC's Worldwide Quarterly PC Monitor Tracker. "Improved cost structures and continued industry focus means we should expect a stronger recovery in this part of the gaming device landscape. With a typical gaming monitor costing a little over $300, it presents a cost-effective way to improve user experience both in and out of gaming."
As the market struggles in the near term, improvements are expected in 2024 and beyond with gaming PCs achieving a 4.6% compound annual growth rate (CAGR) between 2023 and 2027. Gaming monitors are forecast to have a 7.7% CAGR during the same period.
A graphic illustrating IDC's worldwide forecast for gaming PCs and monitors from 2023 to 2027 is available by viewing this press release on IDC.com.
IDC's Worldwide Quarterly Gaming Tracker provides detailed and timely information for the global PC gaming market, including data and insight into desktop (DT) and notebook (NB) gaming systems as well as gaming monitors. 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 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, 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.
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