Gaming Console Market - Forecasts from 2018 to 2023: Major Players are Nintendo, Sony, Microsoft, Hyperkin and NVIDIA - ResearchAndMarkets.com
Aug. 08, 2018
DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The "Gaming Console Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The gaming console market is anticipated to grow a CAGR of 4.11% during the forecast period to reach a total market size of US$49.305 billion by 2023, increasing from US$39.948 billion in 2017.
The gaming console market has gone several hardware changes over the past couple of decades. Console manufacturers are introducing new devices so that they are compatible with latest specifications as per the demand of the gamers, while enhancing the gameplay experience.
Sony, Nintendo and Microsoft are the major players in the gaming console industry. Introduction of new consoles with wireless connectivity and rising number of gamers will drive the demand for the gaming console market. However, increasing adoption of smartphone sales coupled with introduction of latest gaming applications will inhibit the growing demand for these consoles over the forecast period.
Major industry players profiled as part of the report are Nintendo, Sony Corporation, Microsoft Corporation, Hyperkin, Inc., and NVIDIA Corporation among others.
By TypeHome Console Handheld Game Console
By Age Group0-22 Years 23-32 Years Above 33 Years
By ProductPlayStation XBox Wii Others
Companies MentionedNintendo Sony Corporation Microsoft Corporation Atari, Inc. Hyperkin, Inc. NVIDIA Corporation SEGA of America, Inc
For more information about this report visit https://www.researchandmarkets.com/research/lvq8p8/gaming_console?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005823/en/
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Related Topics:Video Games and Consoles
INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES TECHNOLOGY CONSUMER ELECTRONICS
SOURCE: Research and Markets
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PUB: 08/08/2018 05:08 PM/DISC: 08/08/2018 05:08 PM