The global Gaming Console market size is expected to reach USD 54.21 Billion in 2028 and register a CAGR of 5.1% during the forecast period.
The Widely popular gaming console producers like PlayStation has disclosed its aim for expanding its console game market share. Due to sustained dedication to the PlayStation brand, a growing audience of female gamers, and expansion outside of North America, Europe, and Japan, the firm believes PS5 will outperform the immensely popular PS4.
The Handheld segment revenue is projected to grow at a steady rate during the forecast period. This growth is mainly owing to the fact that such devices allow gamers to play games anywhere and even without internet connection.
The market dynamics section in the report gives an in-depth analysis of the drivers, restraints, trends, and opportunities in the Global Gaming Console market. More than 700 million people play video games on a dedicated console today, with the Gaming Console market on course to amount to USD 45 billion in revenue in 2021. They are aiming to profit from increased gaming demand as a result of people spending more time at home due to the coronavirus outbreak around the world.
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Report Objectives
Extensively profile top players of the Global Gaming Console market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the Global Gaming Console market.
Forecast the market size and share of all segments and regions in the global landscape.
Examine the size of the Global Gaming Console market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the Global Gaming Console market.
Explore the underlying dynamics of the Global Gaming Console market.
Highlight significant trends of the Global Gaming Console market based on factors including, production, revenue, and sales.
Some Key Highlights From The Report:
Among other end use segments, residential segment revenue is expected register a rapid CAGR during the forecast period. The covid-19 pandemic has helped to further boost this segment’s growth as more people are gaming while following stay at home orders.
Among other platform segments, desktop/laptop segment revenue is expected register a rapid growth during the forecast period.
Asia Pacific is expected to account for a robust double-digit revenue CAGR during the forecast period. Countries such as Japan, South Korea, China, and Australia are major gaming hotspots, and demand for gaming consoles is relatively high among a steadily expanding base of new users.
Some of the most prominent players in the gaming console market include Microsoft Corporation, Valve Corporation, Nvidia Corporation, PlayJam, Nintendo Co. Ltd., BlueStacks, OUYA Inc., Sony Computers Entertainment Inc., Sega, and Atari.
Emergen Research has segmented the global gaming console market on the basis of platform, modality, application, end-use, and region:
Platform Outlook (Revenue, USD Billion; 2018–2028)
TV
Desktop/Laptop
Tablet
Mobile
Modality Outlook (Revenue, USD Billion; 2018–2028)
Home Consoles
Handheld
Hybrid
Application Outlook (Revenue, USD Billion; 2018–2028)
Shooter
Action
Sports
Adventure
Racing
Fighting
Others
End-use Channel Outlook (Revenue, USD Billion; 2018–2028)
Residential
Commercial
Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Gaming Console Market Segmentation & Impact Analysis
4.1. Gaming Console Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Technological advancements and innovation in several audiovisual devices
4.2.2.2. Increasing availability of high-end sound systems and displays
4.2.3. Market restraints analysis
4.2.3.1. Lack of skilled professionals and increase in piracy rate
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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