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Research and consulting firm, Jon Peddie Research, has issued a report predicting that the PC hardware market will grow to $21.26 billion, up 5.9 percent from 2008.

Earlier this year, the firm predicted it would drop 7 percent over last year.

“The increase is due to higher than anticipated consumer demand for Enthusiast, Performance, and Mainstream hardware influenced by the ability to play video games ranging from casual to hardcore simulations”, read the report.

On top of that, the report states that the worldwide PC gaming hardware market is predicted to grow another 30 percent in 2010.

““The largest influence on the high forecasted growth rate is due to purchasing delays for systems and upgrades in 2008/2009 as consumers circled the wagons and took a conservative position on discretionary spending,” said senior analyst at JPR, Ted Pollak. “A recovering economy, processing advancements, and higher quality gaming offerings will all contribute to a healthy year for PC gaming hardware in 2010.”

Full PR below the break and through here, via BigDownload.

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