"Many of the same trends from earlier in the year continued in the holiday quarter," said Jay Chou, research manager for IDC's Quarterly PC Monitor Tracker. "Amidst the surging demand, production has had issues so some markets remain short of stock and we can expect more fulfillments for back orders through much of this year. Beyond 2021, we believe the market will settle into a faster replacement cycle that is based on a higher attach rate to notebooks and a more active usage model inside the home."
Looking ahead, IDC expects component shortages to last at least through the first half of 2021. Changes in work style will also lead to shifts in the market's customer mix and geographic focus. IDC expects both hybrid work and the popularity of gaming to drive continued strength in the consumer market that will complement a recovery in commercial spending as office occupancy improves. On a geographic basis, the U.S. overtook China as the biggest market in 2020 and will likely remain the largest market going forward. IDC expects North America and Europe will help drive the global market to grow 8.7% in 2021, then cool by 2022 as the monitor market finishes the 2020-2025 forecast with a compound annual growth rate (CAGR) of 0.4%.
A graphic illustrating IDC's forecast for worldwide PC monitor shipments and year-over-year growth is available by viewing this press release on IDC.com.
IDC's Worldwide Quarterly PC Monitor Tracker gathers detailed market data in over 90 countries. The research includes historical and forecast trend analysis among other data.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210318005080/en/
Contact:
Jay Chou
jchou@idc.com
650-350-6464
Michael Shirer
press@idc.com
508-935-4200
