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The gaming console market has the potential to grow by USD 14.59 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.13%.
This gaming console market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (TV consoles and handheld consoles), type of gamer (casual gamers and hardcore gamers), and geography (APAC, North America, Europe, MEA, and South America). The gaming console market report also offers information on several market vendors, including Atari Inc, Dell Technologies Inc., Mad Catz Global Ltd., Mattel Inc., Microsoft Corp., Nintendo Co. Ltd., NVIDIA Corp., Razer Inc., Sony Corp., and Valve Corp. among others.
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The enhanced features of next-generation gaming consoles is notably driving the gaming console market growth, although factors such as low penetration of gaming consoles in the e-sports market may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the gaming console market industry get your FREE report sample now.
This gaming console market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The gaming console market is concentrated and the vendors are deploying growth strategies such as technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the gaming console market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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46% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for gaming console market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing penetration of e-sports in developing countries will facilitate the gaming console market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The TV gaming console segment is the leading segment in the global gaming console market. The technology advances are the best in the industry with the last generation of Sony and Microsoft consoles with an 8 GB RAM, which is compatible with Blu-ray video, HDMI, and digital outputs. The market segment is expected to exhibit a fast growth rate during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the gaming console market size.
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
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DATA ANALYSIS
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