We Have Universal Shortages, and PC Market Recorded Massive Growth in 2021
The PC market recorded a significant growth in the previous year. Much of this is due to the pandemic and the growing demand for electronic equipment.
A report by analyst firm NPD Group (via Techspot) shows that we have spent as much as $5.74 billion on gaming hardware and accessories in 2021. Compared to 2020, this market has grown by 25%. Admittedly, this is not as much growth as in 2020, when, compared to 2019, the sector recorded sales higher by as much as 62%. However, that doesn't change the fact that the pandemic has benefited hardware manufacturers and digital entertainment incredibly.
Another year-on-year increase in revenue was made possible by higher sales of desktops, laptops and accessories - up 38%, 29% and 25%, respectively. In the face of a raging pandemic, the growing interest in computers should come as no surprise. Restrictions introduced in some countries have forced many people to switch to remote teaching and working, and video games have become an excellent escape from the gray reality. As a result, the average time we spend in front of a monitor screen has also increased. In 2021, we spent an average of 7.7 hours a week doing so, which is about an hour more than in 2020.
The information provided by NPD Group largely coincides with the data included in the Canalys report, although there is no shortage of differences. Canalys analysts, for example, believe the upward trend will continue through the end of 2022. NPD Group, on the other hand, predicts a slight decline in the PC and accessories market in 2022. This is expected to be due to market saturation as well as the withdrawal of some countries from COVID restrictions. Of course, it cannot be excluded that in the following months the situation will change again and the PC market will record another significant growth.
