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What is the biggest gaming peripheral company?

05-24-2021 01:51 PM CET | IT, New Media & Software

Press release from: Coherent market insights

PC Gaming Peripheral Market

PC Gaming Peripheral Market

PC gaming peripheral are external hardware devices such as keyboard, mice, headsets, joysticks, and controllers that are used to play games in the systems. The increasing usage of PC’s and rise in internet penetration are the major factors that are expected to drive growth of the market. There are different type of PC gamers such as casual gamers, hard core gamers, and enthusiast gamers. Casual gamers spend less time on PC, while hard core gamers spend longer time on PC and are aware of the latest technologies used in gaming peripheral devices. Enthusiast gamers are only interested in playing games and do not spend more time on PC games. Therefore, increasing gaming aficionados is one of the factors that is expected to drive demand for PC gaming peripherals.

The global PC gaming peripheral market is expected to exhibit a CAGR of 7.5% during the forecast period (2019-2027).

Market Dynamics- Drivers

Increasing hard core or casual gamers and growing popularity of e-sports are expected to drive growth of the PC gaming peripheral market during the forecast period

The increasing hard core or casual gamers and growing popularity of e-sports are expected to drive growth of the PC gaming peripheral market during the forecast period. Hard core gamers are those, who spend more time in playing video games and use advanced technologies gaming peripherals. Introduction of e-sports and virtual gaming has driven demand for gaming keyboards and gamepads that improves the gaming experience of the users. Thus, increasing demand of games from consumers has created the need for gaming consoles, peripheral devices, and others. Additionally, the affordability of these peripheral devices and rise in youth populations are the major factors that are expected to boost the market growth.

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The increasing awareness about e-sports and ease of availability of the internet has increased growth of e-sport viewership significantly in the recent past. E-sports industry is the fastest growing industries that have become popular and offers lucrative growth opportunities to market players of peripheral devices such as keyboard and mouse. For instance, in 2017, according to Coherent Market Insights there were around 193.6 million casual gamers and 145.3 million enthusiasts gamers, which creates total audience of 338.9 million. Moreover, according to Coherent Market Insights, the PC gaming peripherals market is to expected to reach US$ 4.13 billion by 2024.

Among regions, North America region held a dominant position in the PC gaming peripherals market in 2019, accounting for 29% share in terms of value, followed by Asia Pacific and Europe, respectively.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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