North America: IT products sales are up
August 12, 2022
IT products sold through top-tier North American distributors grew 5.6% in Q2 2022, according to IDC’s North America Monthly Distribution Tracker, powered by GTDC.
Total revenue reported by top-tier distributors in North America reached $19.3 billion (€18.76 billion) in Q2 2022, growing 5.6% year over year, according to new results from the International Data Corporation (IDC) North America Weekly Distribution Tracker. Personal Computing retained the largest share of the product mix at 22.4% despite a small year-over-year decline of 2.4%. The Q2 2022 product group growth leader was Consumer Electronics at 146% driven by Mobile Phone sales
“The strong results in the second quarter following already strong results last quarter and a year ago reflect continuing demand beyond COVID market recovery and despite macroeconomic headwinds,” said Ruth Flynn, Research Vice President, IDC Tracker & Data Products. “These results put tier-1 IT distributors in a position to reach new highs in the second half of 2022 and beyond.”
While the stay-at-home spike in Notebook sales is starting to wane, contracting 2.5% year-over-year in Q2 2022, revenues of $2.9 billion (€2.82 billion) appear to be stable both annually and sequentially at a level more than 50% above the pre-pandemic levels of Q1 2020 and Q2 2019. Peripherals and accessories that benefit from rising PC sales also continue to see growth, with docking stations, PC Monitors, and Gaming Devices/Controllers sales increasing 20% or better year-over-year, IDC added.
Mobile Phone revenue reached $529 million (€514 million) in Q2 2022, a significant jump from $104 million (€101 million) in Q1 2022. The triple digit year-over-year growth was driven by exceptionally strong Samsung unit volumes coupled with an average selling price (ASP) increase for Samsung of 98% year-over-year, IDC explained.
In the Software product group, which continues to hold the second largest share of the product mix, Storage Software has seen double-digit growth for five straight quarters. In addition, Q2 2022 posted the largest year-over-year growth yet for Storage Software at 27.7%. The Data Replication and Protection market has been a stable and consistent driver of this trend with double-digit growth for over three years. Software-Defined Storage has been gaining momentum and recently returned to 50% share within the Storage Software category.
IDC’s North America Weekly Distribution Tracker is built on the exclusive partnership between IDC and the Global Technology Distribution Council (GTDC) and provides a comprehensive view of technology distribution data and market trends in the U.S. and Canada. The data in this Tracker is actual sales data collected weekly from sales receipts across the largest distributors in North America for more than 1,700 brands over several years.
This data is mapped to IDC’s taxonomy with nearly 200 categories organised into 14 distinct product groups with detailed product attributes across categories.
Categories : Around the Industry
Tags : Distributors IDC IT Market Research Sales Top Tear