18 Dec 2019
Gaming Segment Helps Spur Strong Growth in Middle East & Africa PC Monitor Shipments
Dubai – The Middle East and Africa (MEA) PC monitors market saw year-on-year (YoY) growth of 7.2% in units and 3.2% in value during the third quarter of 2019 (Q3 2019), according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm's Quarterly PC Monitors Tracker shows that overall shipments totaled 1.04 million units worth $160.55 million.
"The Middle East and Africa experienced a successful quarter despite the region's second-largest market, South Africa, suffering declines," says Nourhan Abdullah, a senior research analyst at IDC. "The revival in the regional market was mainly spurred by a rapid recovery in Turkey as a result of the Lira stabilizing against other currencies."
The top three vendors in MEA PC monitors market remained unchanged in Q3 2019, with Dell continuing to lead the way, followed by HP Inc. and LG Electronics.
The MEA region's consumer segment saw shipments increase 27.1% YoY, with much of this growth spurred by the strong performance of gaming monitors, which almost doubled in units compared to the same period of 2018. Meanwhile, the commercial segment remained relatively flat, recording YoY unit growth of just 0.5%.
Shipments of gaming monitors across MEA totaled 124,023 units worth $28.02 million in Q3 2019. The top three brands in this space control 55.7% share of the market's volume, with LG maintaining its lead ahead of Samsung in second place and AOC in third.
IDC expects the MEA PC monitors market to grow 10.7% YoY in units during Q4 2019, with this growth driven by the continued strong performance of the Turkish market and buoyant sales during the Christmas and end-of-year period. In the long term, the market is expected to decline at a compound annual growth rate of -2.59% over the 2019–2023 period, as demand declines in favor of smartphones, laptops, and tablets.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad. The IDC Tracker Chart app is also available for Android Phones and Android Tablets.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
IDC in the Middle East, Africa, and Turkey
For the Middle East, Africa, and Turkey region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc.com/mea. You can follow IDC MEA on Twitter at @IDCMEA.
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