Choice of “gaming as a profession” set to drive peripheral market

Around one-third of the global population are active video-gamers, according to a new survey, and the percentage is expected to grow in the future, facilitating the demand for gaming peripherals. Moreover, the growing trend for the adoption of gaming as a profession especially among young people across the globe is likely to drive the growth of the global market.

The “Global Gaming Peripheral Market (2021 Edition) – Analysis by Product Type (Headsets, Keyboards, Joysticks, Mice, Gamepads Controllers, Others), Device Type, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)” report has recently been added to ResearchAndMarkets.com’s offering.

The global gaming peripheral market was valued at €3.75bn in the year 2020. Based on device type, the market is segmented into PC and gaming consoles. The gaming consoles segment is expected to grow at a higher CAGR during the forecast period, primarily due to the availability of user-friendly and multi-functional gaming consoles that enable gamers to watch videos, browse internet, listen to music simultaneously while playing video games.

Gaming

The Americas are estimated to hold the maximum share in the global gaming peripheral market. The increasing emergence of gaming peripherals, rising popularity of multiplayer video games, and growing advances in peripherals will facilitate the gaming peripheral market growth in Asia Pacific over the forecast period.

Gamers are now spending heavily on consoles and peripherals as gaming has become a mainstream market owing to the creation of social apps as gamers have created social groups to enhance the experience.

The growing popularity of e-sports and various gaming tournaments such as League of Legends World Championship, PUBG Global Championship, and Call of Duty World League (CWL) are further driving demand for advanced peripherals, which help gamers to improve their gaming skills.

Read also: Oppo unveils new gaming-centric 5G smartphone

Photo – top of page – Florian Olivo / Unsplash

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