What They Say
NPD said that the US B2B technology reseller channel saw strong growth in the first half of 2022 with year over year revenue sales up 16%. While momentum is expected to slow down in the second half to 3% year over year, NPD is forecasting 2022 will end up 8% ahead of 2021.
The first half saw year over year revenue growth in hardware (up 15%), software (up 17%), and cloud (up 37%). IT hardware showed sustained demand with notebook revenue up 20%, desktops up 23%, and monitors up 63%.
“Revenue growth will remain primarily due to higher average sales prices, despite lower overall unit volumes,” said Mike Crosby, executive director and industry analyst for NPD. “While current projects are not likely to be disrupted despite ongoing inflationary pressures, the risk of recession may bring added scrutiny to IT investment in 2023.”
NPD recently merged with Information Resources Inc having been acquired by Hellman & Friedman, a private equity firm, a year ago.
What We Think
The high level of growth quoted for monitors in the first half of the year somewhat surprised me, given the relatively low overall result expected for the global monitor market this year. (BR)
