Global Connected Gaming Console Market 2021-2026

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    GLOBAL CONNECTED GAMING CONSOLE MARKET

     

    INTRODUCTION

    A video game console is an interactive entertainment computer or customized computer system that generates a visual display signal that may be used to display a video game on a display device (such as a television or monitor).

     

    Because of the increasing power consumption of many of the newer types of video game consoles, the overall quantity of electricity utilized by these devices each year has climbed significantly.

     

    We must ensure that future console generations utilize less power than their predecessors while providing greater functionality.

     

    Extensive coordination among video game console manufacturers is required to dramatically reduce video game console energy consumption and the accompanying emissions of global warming pollution.

     

    infographic: Connected Gaming Console Market, Connected Gaming Console Market Size, Connected Gaming Console Market Trends, Connected Gaming Console Market Forecast, Connected Gaming Console Market Risks, Connected Gaming Console Market Report, Connected Gaming Console Market Share

     

    Today’s game consoles, such as the Xbox, Nintendo Wii, or Sony PlayStation, are all essentially computers: they have a hard drive, just like a computer, and they run an operating system, just like a computer.

     

    Because they are essentially computers, they store information in a similar manner. Many individuals use their gaming system for more than simply gaming, such as browsing the Internet and watching movies.

     

    This data is saved on the hard disc of the game console. This implies that data, including erased data from a game console, can be retrieved. To play online games on a console gaming system, a player needs first register an online account. 

     

    Acceleration-based interactions have grown in popularity with the release of Nintendo’s new gaming console. Although most commercial games appear to depend on very simple data, such as raw acceleration, more complex gesture detection is conceivable.

     

    During that time, game consoles evolved beyond only gaming to include additional features such as streaming internet video and music and playing DVDs and Blu-ray discs.

     

    Indeed, several industry executives have suggested that media consumption has surpassed gaming as the principal usage of their consoles.

     

    These new applications have resulted in more time spent powered on, doing things other than playing games. The current generation of gaming consoles represents a significant redesign.

     

    To know more about US Connected Gaming Console Market, read our report

     

    GLOBAL CONNECTED GAMING CONSOLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Nintendo unveils new Switch with OLED screen. Price, other details Nintendo Co. announced the new Switch gaming device for release Oct. 8, a long-awaited $350 gadget that will succeed its popular console and likely catalyse a wave of new software and holiday-season sales. The Kyoto-based games maker broke with convention when it introduced the Switch, a hybrid console capable of connecting to a TV at home as well as being used as an independent mobile device. Global This would enhance better Technological Controls

     

    GLOBAL CONNECTED GAMING CONSOLE MARKET DYNAMICS

     

    SI No Timeline Developments
    1 Q4-2021 The rising popularity of gaming console market is because of the introduction of innovative products in the market such as 3D gaming headset with integrated mic,  wireless and 3D gaming console, Bluetooth 5.0, game enabled televisions with new generation display of 4K, DCI 4K and 8K offers realistic playing experience and increases the number of gamers day by day.
    2 Q4-2021 Nintendo Co.Ltd.,  released a new video game console Nintendo Switch OLED model featured with upgraded screen of 7-inch, better audio output, higher built-in storage, with new design and it is available in the market in the first month of fourth quarter 2021.
    3 Q4-2021 Gaming hardwares and consumer electronics developer Razer Inc. partnered with Qualcomm to use next-generation portable gaming consoles, like 5G connections, a webcam for streaming and Razer’s new built-in controller is featured with the Snapdragon G3x Gen 1 chipset.
    4 Q4-2021 Sony developed a dual GPU cloud gaming PS5 and filed for a patent for its new innovation. The patent is for the gaming console for both cloud gaming and home use and it is a more powerful console than the present ones available.
    5 Q3-2021 Atari launched a new hybrid gaming system for both PC and console gaming system, Atari VCS comes with 8GB DDR4 RAM, AMD graphics and many more with built in chrome browser.

     

    Multi-utility features supplied by advanced game consoles, for example, acting as both a gaming and a stimulation console, may boost market demand.

     

    However, the hefty prices associated with such consoles may stymie industry expansion. The rise of tablets and mobile phones as replacements for gaming consoles is expected to substantially accelerate industry development.

     

    Furthermore, shifting consumer preferences toward alternative stages, for example, web-based games and mobile games, may provide a challenge to market growth in the coming years.

     

    The expansion of the global connected game console market is primarily determined by increased gaming expenditures, rising incomes, and incentivization.

     

    Consumer spending on games and gaming equipment has risen dramatically in recent years. Furthermore, customers are spending more money on video game accessories such as controllers, light weapons, joysticks, and so on.

     

    As a result, these factors are likely to propel the worldwide connected gaming console market forward. Broadband penetration has risen globally, particularly in wealthy nations such as the United States and Canada.

     

    As a result, the demand for gaming consoles has soared, with linked game console suppliers promoting connected game console sales.

     

    The growing usage of immersive technologies such as virtual reality, augmented reality, and mixed reality will be a cornerstone for the gaming business, allowing gamers to have a 20-times more fun and convenient experience than traditional alternatives.

     

    This example is intended to boost the gaming console application, since VR/AR headsets will be a growth driver, eventually combining with game consoles.

     

    To capitalize on the expanding trend in AR/VR, firms such as Oculus and HTC have positioned their product offerings in response to market demand. Oculus has two VR consoles, and HTC has two VR consoles as well. The AR/VR market is in high demand.

     

    infographic: Connected Gaming Console Market, Connected Gaming Console Market Size, Connected Gaming Console Market Trends, Connected Gaming Console Market Forecast, Connected Gaming Console Market Risks, Connected Gaming Console Market Report, Connected Gaming Console Market Share

     

    GLOBAL CONNECTED GAMING CONSOLE MARKET SEGMENTATION

    The Global Connected Gaming Console Market can be segmented into following categories for further analysis.

    Connected Gaming Console Market By Technology

    • Standalone Console Operations
    • Handheld Console Operations

     

    Connected Gaming Console Market By Usage

    • Commercial Usage
    • Personal usage
    • Simulation Environment Usage

     

    Connected Gaming Console Market By Construction

    • New Placement
    • Upgradation
    • Maintenance and Repair

     

    Connected Gaming Console Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL CONNECTED GAMING CONSOLE MARKET

     

    SI No Timeline Company Developments
    1 Q1-2022 IOGEAR IOGEAR manufactures computer hardwares, designed its new KeyMander Nexus Gaming KVM, connective device for both PC and consoles and it will be available in the second quarter of 2022.
    2 Q4-2021 Valve Corporation Video game developer and distribution company Valve Corporation will release a new handheld gaming console device Steam Deck with SteamOS v3 and it will be publicly available in the first quarter of 2022.
    3 Q4-2021 Qualcomm Leading microchip supplier Qualcomm designed a new microchip for handheld gaming consoles Snapdragon G3x.
    4 Q4-2021 Sega Inc. Sega Inc. launched a new gaming device mini arcade console with vertical screen display but the device is only released in Japan.
    5 Q4-2021 Microsoft Microsoft’s Xbox cloud gaming in Xbox Series X / S consoles which is accessible at the end of the year quarter and it requires a Game Pass Ultimate subscription which allows users to play games and stream on the cloud platform without downloading and installing the game.
    6 Q4-2021 Marseille Inc Marseille Inc introduced a new HDMI adapter mClassic for the gaming consoles to support enhanced graphics consoles by graphics boosting on high-resolution displays through its external graphics processor.
    7 Q2-2021 Microsoft Microsoft is working to develop new hardware for the online gaming experience through Internet connected TV, without using consoles in Xbox cloud games.

     

    A gaming console is a highly specialized computer system that allows one or more players to play computer games at the same time.

     

    It is often used in conjunction with a television or other sort of display device, while there are a few hand-held gaming consoles that have their own built-in display and are entirely self-contained.

     

    If an external display unit is required, the console must create the necessary audio and visual signals, which are then delivered to the display unit through the appropriate connection type.

     

    The difference between a game console and a personal computer is that, while both are capable of playing games, the personal computer is designed to allow users to run nearly any type of software.

     

    3D scanning and facial recognition technologies enable systems to build your likeness in the gaming world (allowing you to design a bespoke avatar that looks exactly like you) or to creatively transfer your own expressions to other digital creations.

     

    Furthermore, by detecting 78 distinct spots on a person’s face, the Intel® RealSense 3D camera may enable developers to create games that respond to the emotions of the gamer.

     

    For example, a few grimaces at your gaming screen implies the system will automatically reduce the game’s difficulty. Choice-controlled gaming has been around for a while, but the possibility for implementing the technology in game systems has now caught up with reality computers.

     

    Though many virtual reality gaming consoles have yet to be commercially released, companies building VR headset displays are positioned to provide players with a completely immersive gaming experience like no other.

     

    AR games provide a perspective that is unique to the gamer. They move around in the actual world, making the game’s object relatable to real-life events.

     

    With the introduction of smartphones, the gaming experience has been moved from the arcade to the living room and placed in the palm of your hand.

     

    infographic: Connected Gaming Console Market, Connected Gaming Console Market Size, Connected Gaming Console Market Trends, Connected Gaming Console Market Forecast, Connected Gaming Console Market Risks, Connected Gaming Console Market Report, Connected Gaming Console Market Share

     

    CONNECTED GAMING CONSOLE MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Developments
    1 Q4-2021 Nintendo Japanese multifunctional video game company Nintendo launched video game console Nintendo Switch in 2017 and it is the best selling console in November 2021, selling more than 1.13 million units of combined sales of all Nintendo Switch models.
    2 Q4-2021 Atari Corporation France headquartered Atari Corporation shut down its free to play titles to focus on premium console and pc games. Atari also acquired a video gaming database from MobyGames for $1.5 million.
    3 Q4-2021 Microsoft Microsoft’s gaming revenue in the first quarter fiscal year increased by 16% to $3.6 billion. The Xbox series X and S are the fastest selling consoles in Xbox history.   
    4 Q3-2021 Sony Corporation Sony Corporation sold more than 10 million PS5 consoles till third quarter and it is the fastest selling gaming console after the PS4 in Sony’s sales record.
    5 Q2-2021 Microsoft Microsoft acquired ZeniMax Media for $7.5 billion as a subsidiary of Xbox game studios. Xbox’s revenue recorded 34% year over year growth and recent acquisition is also part of the revenue figure.

     

    Controllers (devices that allow the user to interact with a game in much the same way as a joystick, keyboard, or mouse on a personal computer do), a power supply unit (PSU), a central processing unit (CPU), and random-access memory are all elements of a gaming console (RAM).

     

    First-generation gaming systems, such as the Magnavox Odyssey, were often “hard-wired” to only play one game. Ralph Baer created the Odyssey in 1972, and it is remarkable for being the first console on the market.

     

    When the Japanese corporation Nintendo released the Nintendo Entertainment System (NES) to the US market in 1985, the industry’s fortunes improved.

     

    Microsoft has been part of the latest developments in the gaming consoles which are involved in providing a connected environment of operations.

     

    The XBox console connected systems has been the latest advancement in the gaming requirements. It has up to 4K gameplay and 60 frames per second, as well as a Multiplayer Arena that supports up to 120 frames per second and sophisticated 3D Spatial Sound.

     

    The Xbox Wireless Controller, with sculpted surfaces, refined geometry, and enhanced sharing options, puts unparalleled comfort and control in your hands, with battery life of up to 40 hours and the ability to quickly pair with, play on, and switch between Xbox Series X|S, Xbox One, Windows, Android, and iOS.

     

    It has also built the 12 teraflops of computing capability included in the system on a chip (SOC) to combine with AMD’s Zen 2 and RDNA 2 architectures to create worlds that demand closer inspection.

     

    NVIDIA Corporation has been part of the development involved in extending the connected gaming consoles network within the various media devices.

     

    SHIELD TV is small, unobtrusive, and meant to blend in with your entertainment center’s connections. SHIELD Pro elevates its performance to new heights.

     

    It’s meant to be the perfect centerpiece of your entertainment center and is engineered for the most demanding users. Backlit, motion-activated buttons, featuring a user-customizable button Voice command.

     

    Control through Bluetooth. An infrared blaster for controlling your television. There’s also a built-in lost-remote finder. This is the first time you’ve seen a SHIELD remote like this.

     

    The Nvidia Shield TV comes with a few nice Android games, but I took a MicroSD card and loaded it up with 95 GB of old games, and this thing is a dream come true. 

     

     

    CONNECTED GAMING CONSOLE MARKET COMPANIES PROFILED

     

    THIS CONNECTED GAMING CONSOLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Connected Gaming Console Market size and Forecast, by region, by application
    2. Average B-2-B price for Connected Gaming Console Market, by region, per user
    3. Technology trends and related opportunity for new Connected Gaming Console Market tech suppliers
    4. Connected Gaming Console Market share of leading vendors, by region,
    5. Coronavirus impact on Connected Gaming Console Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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