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.

Segmentation:

By Type

Home Console Handheld Game Console

By Age Group

0-22 Years 23-32 Years Above 33 Years

By Product

PlayStation XBox Wii Others

Companies Mentioned

Nintendo 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/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Video Games and Consoles

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES TECHNOLOGY CONSUMER ELECTRONICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/08/2018 05:08 PM/DISC: 08/08/2018 05:08 PM

http://www.businesswire.com/news/home/20180808005823/en