Gaming Peripherals Market Share, Size & Industry Growth Report, 2020-2027
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Gaming Peripherals Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The major factors surging the growth of the gaming peripherals market are increasing popularity of e-sports and virtual games, the commencement of IoT in gaming industry, and the surging demand for immersive and realistic gaming experience amid consumers. The growing number of online gamers, accompanying the increasing number of gaming tournaments like PUBG Global Championship, eSports World Convention (ESWC), Call of Duty World League (CWL), Call of Duty Pro League, and FIFA eWorld Cup are further augment the gaming peripherals market share. Additionally, technological innovations and developments in connectivity technologies including 4G, 5G, NFC, RFID, Bluetooth, and Wi-Fi and the introduction of location-based virtual reality and augmented reality are projected to contribute huge growth opportunities to the gaming peripherals market.
However, huge cost, lack of acknowledgment related to the brand and quality of gaming peripherals, and availability of forged products are projected to hamper the growth of the market over the forecast period.
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Product Segment Drivers
On the basis of product, the market is segmented into headsets, keyboard, controllers, mice, and others. The headsets is expected to lead the market because of the augmenting demand for wireless headsets to improve gamer's experience and awareness. Moreover, gaming headsets provide a built-in microphone, superior and crisp clear sound production, external noise blocking, and improved communication on multiplayer games, this is predicted to strengthen the segment over the forecast period.
Based on region, North America is projected to dominate the gaming peripheral market due to the popularity of online games, high per capita expenditure, and availability of advanced gaming devices, integrated with huge expenditure on video games and peripherals in the region. On the other hand, Asia-Pacific is expected to expand at a higher CAGR over the forecast period owing largely to the development of advanced gaming peripherals in the developing economies like India, Japan, China, and South Korea. Furthermore, a lot of young populations, together with the rising popularity of multiplayer video games, further fuel market growth.
Leading Gaming Peripheral Market’s Companies:
• Logitech International S.A.
• Harman International Industries
• Redragon USA
• Rapoo Corporation
• Mad Catz Global Limited
• Cooler Master Technology Inc.
• GameStop Corp.
• Corsair Gaming Inc.
• Plantronics Inc.
• Razer Inc.
Gaming Peripheral Market Segmentation:
Segmentation by Product:
• Head-mounted Display
Segmentation by Device:
• Gaming Consoles
Segmentation by Type:
Segmentation by Distribution Channel:
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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Address: Dublin, Ireland
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
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