PC gaming experienced its biggest growth in five years in 2020, with an estimated $37bn in revenue, almost 20% of the global gaming market, according to a report. The research showed factors driving the PC gaming boom included an increase in remote working and online education, which triggered more people to invest in gaming computers. A number of highly-anticipated games, such as Cyberpunk 2077, which was released last year, also helped to drive sales of gaming hardware and accessories. Analysts are forecasting the PC gaming market to generate around $45bn in revenue by 2025.
PC Gaming Sees Highest Growth in Five Years
Introduction
According to a recent report, PC gaming has witnessed its biggest growth in five years, with the market experiencing a significant increase in revenue during 2020.
Gaming Industry Overview
2020 was a challenging year for many industries, but the gaming industry managed to thrive during the pandemic. The sector generated over $180 billion in revenue worldwide, with PC gaming accounting for a significant portion of this total.
Factors Behind the Growth
One of the main contributors to the growth of PC gaming is the increase in remote working and online education, which has led to more individuals investing in gaming PCs. Additionally, the release of several highly-anticipated games, such as Cyberpunk 2077 and Doom Eternal, drove sales of gaming hardware and accessories.
Market Statistics
The PC gaming market generated an estimated $37 billion in revenue during 2020, accounting for nearly a fifth of the global gaming market. This represents a growth of 14% in revenue compared to the previous year, making it the biggest increase in five years.
Growth Projections
The PC gaming market is expected to continue its growth trajectory, with analysts projecting a significant increase in revenue over the next few years. The sector is expected to generate over $45 billion in revenue by 2025, indicating a compound annual growth rate of 5.3%.
Conclusion
The growth of PC gaming during 2020 is a testament to the resilience of the gaming industry and its ability to adapt to changing circumstances. With the continued investment in PC gaming technology and an influx of new gamers, the sector is poised for continued growth in the future.