Report: PC Gaming Hardware Worth Double of Console Market
A new report puts to rest all assumptions of the PC gaming market dying. On the contrary of what the average gamer would make you believe, the PC gaming hardware market is now worth over $21.5 billion globally, which in turn is double the value of the current console gaming market.
According to the report published by analyst Jon Peddie Research (JPR), PC gamers continue to spend strongly on upgrading their rigs with new hardware, modding tools and gaming specific peripherals. This is despite the fact that the recent couple of years have seen to the decline of the overall PC market, specifically due to the strong ventures of mobile platforms.
While casual gamers have decided to branch out to consoles or mobiles, PC elitists continue to keep the market alive.
“We continue to see a shift in casual console customers moving to mobile,” said Ted Pollak, senior gaming analyst at JPR. “While this is also occurring in the lower-end PC gaming world, more money is being directed to mid- and high-range builds and upgrades by gamers.
“Committed PC gamers are generally not interested in pure content consumption platforms. They are power users and pay thousands for the ability to play games at very high settings and then do business, video/photo editing, content creation and other tasks with maximum horsepower at their disposal in a desktop ergonomic environment.”
The new report also expects the current $21.5 billion PC gaming hardware market to reach a total value of $23.2 billion by 2017.
“Nvidia, Intel and AMD have enthusiast CPU and GPUs that are so powerful that, when combined with SSDs and fast memory, they absolutely trounce the computing power and gaming capabilities of the newest console generation,” he explained.
If anything, the new consoles have helped prove that no matter the day and age, consoles will continue to try and keep up with PC.