Graphics card sales to reach $63 billion by end of year

Companies have been showing record profits this year, and moving more hardware than in previous years. Intel posted its best earnings in company history, and Western Digital yesterday released their own strong earnings report. The growth in the in the market, however, does not seem to be limited and it appears as if this will be a good year for those in the computer graphics industry as well. Jon Peddie Research says the graphics market could exceed $63 billion in sales by the end of 2010, which is a growth of $4 billion over the previous year.

Their report also indicates CG software such as CAD and other similar software programs will see increase in demand as well. The increase in CG software sales will not be as dramatic as the hardware, but it is estimated this market will grow from $11 billion to $11.6 billion, and is in part due to a slightly improved economy creating increased demand for programmers, artists, scientists and designers.

“The demand for programmers, artists, scientists, and designers has picked up again and firms are actively looking for people who can use and exploit these new programs and their associated hardware accelerators," affirms the report. "The economic recession has caused a slow down but it's going to look like a small bump in the road by 2013.”

2010 is shaping up to be a very good year in the computer industry, and it appears as if all sectors are seeing an increase in sales and profit.