Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the gaming hardware market provides an in-depth analysis of segments and sub-segments in the global as well as regional gaming hardware market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional gaming hardware market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts and dollar values of global gaming hardware market. According to the report, the global gaming hardware market is projected to grow at a CAGR of 7.1% over the forecast period of 2020-2026.
The gaming industry 2020 is far
from the comparatively marginal sector it was previously. Ballooning trends
have ushered in a dynamic, speedy transformation of its entire landscape. Now,
it is characterized by a variety of gaming genres that cater to an equally
diverse population of gamers worldwide. Presently, the gaming hardware market
is now almost always related to hundreds of billions of dollars, driven by
major hubs like the US and China. In the gaming world, Augmented Reality has emerged
as another game-changer, greatly similar to Virtual Reality.
A growing number of gamers such as
hardcore gamers, enthusiast gamers, and casual gamers across the world is a key
driver for driving the demand for gaming hardware. The world is currently
undergoing a harrowing and unprecedented COVID-19 pandemic. Gaming has become a
means of escapism and time filling for numerous during these trying times.
Increased interest in gaming due to COVID-19-related lockdown measures is one
of this year’s growth drivers. Nevertheless, the beginning of the
next-generation consoles toward the end of the year is also an important
contributing factor. The growing consumer demand for PCs, laptops, and
smartphones is also driving the global gaming hardware market. According to
preliminary results by Gartner, Inc., in the third quarter of 2020, worldwide
PC shipments totaled 71.4 million units, a 3.6% increase from the third quarter
of 2019. The demand for rich mobile experiences and the growth of processing
power-hungry applications such as gaming is also increasing. However, currently
available VR headsets are expensive which is restraining the market growth.
Moreover, the introduction of virtual reality in gaming is expected to provide
wide opportunities for market players. The COVID-19 pandemic has been a good
opportunity for vendors to gaming hardware. Gaming and mobile gaming in
particular is ongoing its rapid rise in the entertainment industry. More people
are playing games than ever before as they look for social interactions and fun
ways to spend their free time, and Covid-19 is only accelerating this upward
trajectory.
On the basis of region, the global
gaming hardware market is bifurcated into North America, Asia-Pacific, Europe,
Latin America, and the Middle East and Africa. North America held the largest
revenue share for the global gaming hardware market in 2019 owing to the high
penetration of smart devices and the availability of high-speed internet. The
Asia Pacific is expected to be the fastest-growing region for the gaming
hardware market within the forecast period on an account of the region is
estimated to be the center for several pilot projects of gaming companies. For
example, Tencent has launched a website for the cloud gaming platform called
“Start” in March 2019 and invited people in Guangdong and Shanghai, China to
sign up for the test.
The report on the global gaming
hardware market covers segments such as gaming platform, product type, and
end user. On the basis of the gaming platforms, the sub-markets include PC, smartphones/tablets gaming, and TV. On the basis of product type, the sub-markets
include consoles, and accessories. On the basis of end user, the sub-markets
include residential, and commercial.
The report provides profiles of the companies in the market such as Microsoft Corporation, V-MODA, LLC, Razer Inc., Sony Corporation, NVIDIA Corporation, Nintendo, Logitech Inc., ScufGaming, LLC, A4Tech Co., Ltd., Turtle, and Beach Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the gaming hardware market. Moreover, the study highlights current
market trends and provides forecasts from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.