Gaming devices market is anticipated to grow at a significant CAGR of 7.5% during the forecast period. The growth of the market is attributed to factors such as technological advancements in gaming devices, the increasing popularity of esports, and the growing number of gamers worldwide. Further, the rising penetration of smartphones and high-speed internet connectivity has boosted the demand for mobile and cloud gaming. For instance, in recent years, the gaming industry has witnessed a surge in cloud gaming services, allowing gamers to stream and play high-quality games without the need for expensive hardware. For instance, in September 2022, M1 launched a cloud gaming service called Zolaz. The subscription is priced at $11.08/month with no contract, and customers who sign up now will receive one free month. M1 customers can sign up for Zolaz online and in the My M1 App. Zolaz is a cloud gaming subscription service that allows customers to play anywhere, anytime, and on any device. The service is designed to work on M1’s speedy 5G networks.
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The device type, gaming consoles sub-segment, including PlayStation, Xbox, and Nintendo Switch, hold a significant market share, driven by their advanced features and immersive gaming experiences. The growth of the sub-segment is attributed to its advanced features and immersive gaming experiences with the help of powerful hardware capabilities, stunning graphics, extensive game libraries, and exclusive titles. Additionally, the growing demand for online multiplayer gaming and integration with digital services, such as online subscriptions and content streaming, further propels the adoption of gaming consoles among both casual and hardcore gamers. For instance, in August 2022, Reliance Jio launched a game streaming platform called JioGamesWatch. The platform is available on Android, iOS, and set-top boxes. To access JioGamesWatch, users need to download the JioGames app. JioGamesWatch provides users with an array of gaming content, including live gameplay and video-on-demand streaming. The platform is designed to enable creators to go live with any device under low latency and showcase the best of their content to millions of viewers.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Gaming Devices Market Report Segment
By Technology
- Console Gaming
- PC Gaming
- Mobile Gaming
- Cloud Gaming
By Device Type
- Gaming Consoles
- Gaming PCs
- Handheld Gaming Devices
- Virtual Reality (VR) Gaming Devices
- Others
By End-Users
- Home Users/Gamers
- eSports Players
- Gaming Arcades
- Others
By Peripherals
- Gaming Controller
- Earphones
- Joystick
- Steering Wheels
- Others
Global Gaming Devices Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global gaming devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market
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