Having been affected by the COVID-19, with global revenues slipping by $4bn in two years, the year 2022 is set to witness a significant recovery for the global computer graphics hardware market, which is expected to hit a $138billion value in 2022, a $7billion increase in a year.
According to data presented by BuyShares.co.uk, the surge in the use of mobile phones, the explosive growth of the gaming industry, and the evolving web technology have all been major factors driving the computer graphics hardware market.
Computer graphics are a core technology in video games, digital photography, special effects in movies, computer displays, and many specialized apps. However, over the years, it has also become essential in providing innovative solutions and top-notch services across different business sectors, from retail and finance to interactive advertising.
The graphics processing units (GPUs) have also become vital for crypto mining computers to solve hashing algorithms efficiently. At the same time, mobile GPUs are designed to accelerate graphics apps, user interfaces, and 3D content on smartphones, tablets, wearables, and IoT devices.
In 2022, the value of the mobile devices segment is expected to rise by $1bn, the same as the gaming PCs segment. The workstations segment is forecast to reach a $16bn value, showing a $2bn increase in a year. Still, the game consoles are set to witness the most significant growth, with the total value of this segment growing by $3bn year-over-year to $17bn on a global level.
