April 24, 2020- A recent market intelligence report that is published by Data Insights Partner on the global Connected Game Console Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Connected Game Console Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Connected Game Console Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Connected Game Console Market is offered. In accordance with the report, the global Connected Game Console Market is projected to expand at a CAGR of 2.1% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
A connected game console is basically an instrument that can be connected to the online games through internet. Through a connected console, users can play games online with other users and also avail other services online like music, video, entertainment etc.
There has been an ever increasing rise in the demand for game consoles with wireless technologies like Wi-Fi, Bluetooth and others which is the key factor to drive the growth of Connected Games Console Market. Also, various types of online and 3D games and adoption of AR/VR technologies are gaining popularity globally, especially amongst the millennials. With the enhanced technology of integration of cloud services with gaming consoles and improved security systems to offer “game-as-a-service” model, is yet another factor that will grow the demand of Connected Game Console market in the future. Connected Game Consoles also helps consumers to eliminate wire accessories and enhance the overall experience of gaming. The integration of augmented reality and virtual reality in 3D gaming consoles will further propel the growth of the overall Game Console market globally in the forecast period.
However, the global connected game console faces a lot of challenges due to high piracy rate and its fragile operating structure. Many unauthorized users are gaining access to wide range of games for free. Also, due to lack of professional developers and testers, the designing of gaming consoles faces a lot of complications.
With the existence of major key players like Nintendo, Sony Corporation etc. in the Asia Pacific region, this region is expected to dominate the market with majority shares in the forecast period. Also, North America is expected to grow with a remarkable CAGR in the forecast period, with the rising demand of gaming consoles based on various technology like Cloud service, AR/VR platform, enhanced motion-sensing technique, high display resolutions etc. Many key players are investing in developing and launching new innovative consoles that are of high performance and premium quality to intensify the competition. Sony Corporation, in the year 2020, had announced its plan to launch PlayStation 5 by the end of 2020, which is going to strength the customer base for them. In January 2019, Sony Interactive Entertainment acquired Audiokinetic Inc., a company that provides solution for gaming and media audio. This led to adding substantial value to the PlayStation audio system. Microsoft recently launched “Project Scorpio”, an enhanced gaming console enabled with 6 teraflops GPU to support cloud, 4K and VR capabilities.
Segment Covered:
This market intelligence report on the global Connected Game Console Market encompasses market segments based on product type, application and country/regions.
In terms of type, the global Connected Game Console Market is segregated into
- Home Consoles
- Handheld Consoles
- Others
By End-User , the global Connected Game Console Market is also classified into,
- Residential
- Commercial
- Others
By country/region, the global Connected Game Console Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Microsoft Corporation
- Sony Corporation
- Nintendo Co.
- NVIDIA Corporation and many more
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Connected Game Consolerelated investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Connected Game ConsoleMarket, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Connected Game ConsoleMarket is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Nintendo, Sony Corporation, Microsoft Corporation and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Connected Game ConsoleMarket caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Connected Game ConsoleMarket. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Connected Game ConsoleMarket
- Identification of key factors driving investment opportunities in the Connected Game ConsoleMarket
- Facilitate decision-making based on strong historic and forecast data
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Develop strategies based on the latest regulatory events
- Identify key partners and business development avenues
- Respond to your competitors’ business structure, strategy and prospects
- Identify key strengths and weaknesses of important market participants
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