Report Description
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 Console related
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 Console Market, 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
Console Market
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
Console Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Connected Game
Console Market. 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:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Connected Game Console Market
v
Identification
of key factors driving investment opportunities in the Connected Game Console Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants