PC Gaming Hardware Market Crosses $30 Billion Threshold
In a report published yesterday, Jon Peddie Research claims that the market for gaming hardware crossed the $30 billion mark in 2016, the first time this has happened. In an earlier report, the market research firm had predicted this would not happen until 2018, showing that the market has grown faster than even they predicted.
That the gaming business itself is worth billions has been known for several years, but the market for hardware, especially PC hardware, has always experienced some lag. With the growth of Steam and the advent of better DIY computer kits, however, PC gaming has become an accessible and affordable hobby. This movement has not remained unnoticed in the pockets of manufacturers.
One of the factors that makes PC gaming more attractive compared to the console activity is the improved performance (though JPR’s claim that Intel’s integrated graphics are reaching console level should be taken with a grain of salt). Correspondingly, much of that $30 billion is spent on CPUs and GPUs, with Nvidia-based cards leading the way for now. JPR, however, sees a definite spot for AMD in the future, especially in what the research firm calls the entry-level segment, below $120.
However, according to JPR, most money is spent on high-end components because PC gamers often want to make sure they get the best possible performance. Also accounting for this segment are accessories like high-resolution screens, mice and keyboards, which are all very popular with eSports fans.
JPR further predicts that 2017 will see even more growth in the PC gaming hardware market and, after seeing the meteoric rise in 2016, they might be right. It will be interesting to see, though, how the console market develops this year and if Sony and Microsoft can court any hardened PC gamers with their PS4 Pro and Scorpio.
Fergus has been tinkering with computers since he was a kid and likes to put a stop to parties by listing the specs of all the digital devices in the room. It's best not to let him near your computer since he'll take it apart and may not put it back together again before he leaves.