Connected Game Console Market : Industry Analysis and Detailed Profiles of top Industry Players

The video game industry initially started in the early 1990’s and has evolved rapidly over the years. This industry includes game console, PC, mobile device and online. Connected game console is basically a gaming console which can be connected to the internet thus in turn enhancing its features.

The connected game console offer various features like downloading games directly from a library source, access a variety of applications, stream various media such as movies, music and other videos and play online games. Connected game console can be segmented into connected consoles and service.

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The global connected game console market is anticipated to grow at a double-digit CAGR during the forecast period. Growth of the global connected game console market is mainly driven by increasing spending on games, growing disposable income, increasing broadband penetration and growing technology technological advancements.

Moreover, the trend that follows with the growth of connected game console market are game on demand services, convergent entertainment system and adoption of new technologies such as virtual reality gaming to enhance customer gaming experience.

The global connected game console market can be segmented, based on product type, into connected console and service. Out of these segments, connected console accounted for over 30% of the global connected game console market share in 2014.

In contrast, the service segment market which dominated the global connected console market in 2014 and is expected to remain dominant during the forecast period. In addition, the service segment is anticipated to expand at a double-digit CAGR from 2015 to 2020.

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The global connected game console market has been sub-segment into seven major regions which include North America, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa. Of all the regions, North America dominated the market with over 45% of overall video on demand market share of in 2014.

Some of the key players identified in global connected game console market are Microsoft Corporation, Sony Corporation, Nintendo Co. Ltd and NVIDIA Corporation.

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