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Launch of Next-Generation Devices Predicted to Boost the Global Gaming Market Through 2020, Says TechnavioTechnavio research analysts are forecasting positive growth for many segments of the global gaming market over the next four years as several markets, including peripherals, headsets, and consoles, will witness an increase in revenues. The Americas region will likely dominate the peripherals market through the forecast period. Its dominance is attributed to the high number of console gamers in the U.S. and improved gaming experiences. With this, the global gaming peripherals market is predicted to post an impressive CAGR of more than 11% by 2019. The launch of next generation gaming consoles and the rising popularity of e-sports leagues will primarily drive its demand. A key component of the global peripheral market, the headset market is the second most sought after segment. Geographically, the APAC region is expected to account for more than 38% of the global market revenue for headsets and is also expected to witness the highest market growth rate during the forecast period. The growth of the headsets market in this region is augmented by the demand for high-end headsets from emerging countries such as India, Taiwan, and Indonesia. "The global gaming console market, whic comprises of TV gaming consoles and handheld gaming consoles is also likely to gain significant traction until 2019. TV gaming consoles are currently the dominant segment accounting for approximately 82% of the global gaming console market (as of 2015), while handheld gaming consoles account for the remaining share of the market. TV gaming consoles offer gamers a superior gaming experience owing to the technological advancements in RAM (News - Alert) and GPU," said Soumya Mutsuddi, one of Technavio's lead analysts for media and entertainment research. View Technavio's entire gaming report library Technological innovations play a significant role in driving the global gaming market. Vendors in this market compete on the basis of product differentiation, portfolio, and pricing. The competition in this market is predicted to intensify over the next three years due to an increase in product extensions. Some of the key vendors for the gaming market include Corsair, Logitech (News - Alert), and Mad Catz for peripherals; Cooler Master and Creative for headsets; and Microsoft and Nintendo for consoles. Browse related reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160520005003/en/ |
