TechNavio recognizes the following companies as the key players in the Global Gaming Console Market: Microsoft Corp., Nintendo Co. Ltd., and Sony Computer Entertainment Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The availability of multi-functional gaming consoles is the latest trend emerging in the Global Gaming Console market. Multi-functional gaming consoles not only support games but also enable gamers to watch videos, listen to music, browse the internet, and download videos. Hence, this console functions as a gaming and an entertainment console with its multi-utility features. Recently, Nintendo launched Wii U, which allows users to operate the device as a handheld console and use the same console to browse the internet, draw sketches, and post them on social media websites. This trend of vendors manufacturing multi-utility consoles is expected to drive the growth of the Global Gaming Console market during the forecast period.”
According to the report, one of the main drivers in this market is the innovations in audiovisual devices. With the availability of high-end displays and sound systems, consumers can now enjoy a good gaming experience. Moreover, HDTVs with in-built wireless connectivity and HDMI ports, which have the capability to support external hard disks, provide consumers with an enriched gaming experience.
Further, the report states that one of the main challenges in this market is the shifting of consumers to alternative gaming platforms such as mobile games and online games. Moreover, these games are available at a lower cost than console gaming. As a result, there has been a drastic decline in the sales of gaming consoles.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Atari S.A., Namco Ltd., OUYA Inc., and Sega Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-gaming-console-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Gaming Console Market 2012-2016
