The Gaming Consoles Market analysis of this report provides an examination of various market segments that are supposed to witness the fastest development amid the estimated forecast frame. This report presents the data and information for actionable, most modern and real-time market insights which makes it easy to go for critical business decisions. Market study of Gaming Consoles report considers a market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness.
Global gaming consoles market is expected to grow with a steady CAGR of 4.57% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing adoption of gaming culture and increasing levels of population playing games nowadays along with added complementary gaming titles offered with individual gaming consoles.
Gaming consoles are electronic computer devices/machines that provide a video output to a display system so that one or more individuals can take part in playing the games available on these machines. The term is majorly used to identify the primary purpose of the machines, even though in recent times they are much more than just gaming consoles rather entertainment consoles. These machines are much more compact than their traditional counterparts, i.e. arcade games and provide significantly better playing experience for the players.
Few of the leading organizations’ names are listed here- NVIDIA Corporation; SONY CORPORATION OF AMERICA; Slightly Mad Studios; Google; Logitech; Apple Inc.; Razer Inc.; Avatar Reality, Inc.; Oculus VR; madcatz and Microsoft.
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- Technological advancements and developments of innovative product offerings is expected to be one of the major drivers of the market growth
- Added benefits and features associated with the consoles such as being an entertainment console rather than just being a gaming console is one of the major factors driving the growth of the market
- High levels of cost associated with the devices available in the market along with the high cost of individual gaming titles required to operate these consoles is expected to restrain the growth of the market
- Presence and emergence of cheaper substitutes such as smartphones, tablets is expected to restrain the growth of the market
Methodologies utilized to evaluate the market-:
In March 2019, Google announced the launch of a new gaming service termed as “Stadia” which will allow gamers to enjoy playing the high-end games without the need for purchasing a gaming console, or a computer system. The users will be able to run the gaming service with the click of a button without the need for any additional physical hardware; they just need a screen for visualising and playing the games.
In January 2019, Slightly Mad Studios announced they are in the process of developing and commercialising a gaming console similar to Xbox and Playstation. The console termed as “The Mad Box” will be shipped in three years and will be able to support the VR headsets and will have the capabilities of an updated PC available in the market 2 years from now.
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The Promising Regions & Countries Mentioned In Gaming Consoles Market Report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
In this study, the years considered to estimate the market size of Gaming Consoles are as follows:
History Year: 2014-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
Crucial Market Segment details-:
By Console Type
- Gaming Console
- Handheld Gaming Console
- PC Gaming Console
By Age Group
- 0-22 Years
- 23-32 Years
- Above 33 Years
- Hard-Core Gamer
- Casual Gamer
By Distribution Channel
- Online Distribution Channel
- Offline Distribution Channel
- Household Usage
- Commercial Usage
Research strategies and tools used-:
Global gaming consoles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gaming consoles market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Contents
1 Gaming Consoles Market Overview
2 Manufacturers Profiles
3 Global Gaming Consoles Market Competitions, by Players
3.1 Global Gaming Consoles Revenue and Share by Players
3.2 Market Concentration Rate
3.2.1 Top 5 Gaming Consoles Players Market Share
3.2.2 Top 10 Gaming Consoles Players Market Share
3.3 Market Competition Trend
4 Global Gaming Consoles Market Size by Regions
5 North America Gaming Consoles Revenue by Countries
6 Europe Gaming Consoles Revenue by Countries
7 Asia-Pacific Gaming Consoles Revenue by Countries
8 South America Gaming Consoles Revenue by Countries
9 Middle East and Africa Revenue Gaming Consoles by Countries
10 Global Gaming Consoles Market Segment by Type
11 Global Gaming Consoles Market Segment by Application
12 Global Gaming Consoles Market Size Forecast (2019-2026)
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This Gaming Consoles research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.
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