Gaming PCs and Gaming Monitors

The gaming PC and gaming monitor market have seen significant growth in recent years, driven by factors such as the increasing popularity of esports, the rise of streaming platforms, and advancements in technology.

A three-year growth streak for gaming PCs and gaming monitors came to an end in 2022 as worldwide gaming PC shipments declined 6.4% while gaming monitors declined 7.1% compared to 2021, according to the IDC.

IDC expects 2024 to be a year of recovery as 2023 will be marred with macroeconomic challenges, inventory issues, and lack of meaningful upgrades.

"Excess inventory carried over from 2022 is leading to discounting of older generation systems while also hampering re-orders of the latest generation of gaming PCs," says Expert. "The vast supply of add-in boards in the secondary GPU market further compounds the issue as it helps prolong the life of existing gaming desktops and surpasses demand for new systems.

Experts further reveal, the excessive power requirements of the latest GPUs is hampering growth of both new gaming desktops and notebooks as it tips the scales of performance per dollar in favour of last year's models while the rise of mobile/handheld gaming is also affecting gamers' share of wallet.

There was a phenomenal build-up of stock so inventories will need at least a couple more quarters to return to normal. A gaming monitor offers a relatively inexpensive way to improve the gaming experience and with new developments forthcoming, it is still expected to recover in the latter part of 2023.

Secondly, there may be a saturation of the market as more players enter the space, leading to increased competition and potential price pressure.

Despite the short-term negativity, the markets for gaming PCs and monitors are generally expected to outperform the overall PC and monitor markets as total volume for gaming products grows from 58.8 million in 2023 to 75.1 million in 2027.

Going forward, the gaming industry is constantly evolving, and there may be new developments or trends that could boost demand for gaming PCs and monitors in the future. For example, the growing interest in virtual reality and augmented reality gaming could lead to increased demand for high-performance gaming hardware.

Overall, while growth in the gaming PC and gaming monitor market may slow in the future, there is still significant potential for innovation and expansion in this space.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA