Connected Game Console Market Synopsis:
Connected Game Console Market Size Was Valued at USD 64.50 Billion in 2023, and is Projected to Reach USD 211.41 Billion by 2032, Growing at a CAGR of 14.10% From 2024-2032.
The Connected Game Console Market segment deals with the kind of game consoles that have the capacity to access the internet to support online gaming, streaming of digital content and other on-line services. These are the home consoles which include; handheld consoles, and the newly emerging hybrid consoles which provides the users with compact, interactive, and multimedia related services. Introducing connectivity for these consoles has revolutionised the gaming through features like real time update, downloadable content and multiplayer gaming from across the world.
Some reasons for Connected Game Console Market to grow are worldwide adoption of online gaming and need to have world wide web connection. With gaming moving from offline mode to online, more gamers require a console with high internet connection for online gaming, streaming and regular updates. Furthermore, the availability of broadband services, the emergence of cloud gaming and the constantly developing popularity of e-sports help to stimulate the need for networked consoles.
Another continuous concern is the development of technology intended for increment in the performance of the connected game consoles and virtual experience. Such advancements also complemented with the growth of online services and games’ list, make connected consoles even more attractive to a greater number of consumers.
Connected Game Console Market Trend Analysis:
Increasing Integration of Cloud Gaming Services
-
A current evolution of the connected game console market is cloud gaming. Other services provide cloud-based services that mean that gamers can directly stream games without the need for powerful equipment, making the entry barrier to the user who may not afford high-end gaming consoles. Current leading gaming industries are working with cloud services so that consumers can get a large number of games online via subscription.
- Social factors have become more and more essential to linked game consoles, in which platforms provide voice talk, live streaming, and social networks. All of these features improve the multi-player functionality, and give users the ability to share moments of gaming. Increased usage of live streaming sites such as Twitch and YouTube Gaming, and subsequent growth of content creation as a part of cultural landscape in Any theader gaming community forced manufacturers to pay attention to social potential of their consoles.
Subscription-Based Models and Services:
-
The Connected Game Console Market is still in the state of growth exploration and has a huge market space in those developing countries where game consoles have not yet been realized and where internet connection is steadily strengthening. They are based on growth of internet usage in other areas of the world such as Latin America, Asia-Pacific, and selected parts of Africa for the connected gaming consoles. Manufacturers should indeed look for these untapped areas by providing lower cost better performance consoles that can serve those regions.
- The shift of business model to subscription-based services presented a growing market for companies in the context of connected game consoles. They can use business models such as Xbox Game Pass, PlayStation Now where manufacturers are able to have streams of consistent income while at the same time improving the customer relationship. Furthermore, these services make the gaming world more friendly and convenient, while the consumer pays a fixed monthly fee to access hundreds of games.
Connected Game Console Market Segment Analysis:
Connected Game Console Market is Segmented on the basis of Product type, Connectivity, End User, and Region.
By Product Type, Home Consoles segment is expected to dominate the market during the forecast period
-
The Connected Game Console Market is segmented into three key product types: , and there are three major categories of consoles these include home consoles, handheld consoles, and hybrid consoles. Stations are meant to stay at home bases and provide the latest gaming fun with smoothness and power from the systems. Portable gaming devices we have seen include the Nintendo Switch Lite primarily for gamers who like to game on the go. There is the middle ground between home and handheld consoles, it is a format represented by the Nintendo Switch that can be used at home and is fully transportable.
By Connectivity, Wired segment expected to held the largest share
-
The Connected Game Console Market is segmented by connectivity into two categories: wired and wireless. Wired interconnectivity works through cables and offers the user firm wired internet connection, good especially for online gaming. In the other hand the connectivity of wireless kind offers more convenience of the cabled ones since console can connect to the internet through Wi-Fi or Bluetooth. Each option has its benefits depending on the individual, and what type of internet connection they have.
Connected Game Console Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
-
North America holds the largest share of the Connected Game Console Market and is followed by countries, including the USA. This is attributed to presence of key gaming companies, high standards of income per capita, and most importantly a sociteutralized gaming personality.
- The excellent support for gaming in the North American region such as; internet facility, support with e-commerce is also another reason why the region leads in connected console. Moreover, regularly held industry’s significant gaming events along with the ESP increase the requirement for connected consoles.
Active Key Players in the Connected Game Console Market
- Amazon (USA)
- Apple (USA)
- Google (USA)
- Microsoft (USA)
- Nintendo (Japan)
- Nvidia (USA)
- Samsung Electronics (South Korea)
- Sega Sammy Holdings (Japan)
- Sony (Japan)
- Tencent (China)
- Other Active Players.
|
Global Connected Game Console Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 64.50 Billion |
|
Forecast Period 2024-32 CAGR: |
14.10 % |
Market Size in 2032: |
USD 211.41 Billion |
|
Segments Covered: |
By Product Type |
|
|
|
By Connectivity |
|
||
|
By End User |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Connected Game Console Market by Product Type
4.1 Connected Game Console Market Snapshot and Growth Engine
4.2 Connected Game Console Market Overview
4.3 Home Consoles
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Home Consoles: Geographic Segmentation Analysis
4.4 Handheld Consoles
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Handheld Consoles: Geographic Segmentation Analysis
4.5 Hybrid Consoles
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Hybrid Consoles: Geographic Segmentation Analysis
Chapter 5: Connected Game Console Market by Connectivity
5.1 Connected Game Console Market Snapshot and Growth Engine
5.2 Connected Game Console Market Overview
5.3 Wired
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Wired: Geographic Segmentation Analysis
5.4 Wireless
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Wireless: Geographic Segmentation Analysis
Chapter 6: Connected Game Console Market by End User
6.1 Connected Game Console Market Snapshot and Growth Engine
6.2 Connected Game Console Market Overview
6.3 Individual
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Individual: Geographic Segmentation Analysis
6.4 Commercial
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Commercial: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Connected Game Console Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 SONY (JAPAN)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 MICROSOFT (USA)
7.4 NINTENDO (JAPAN)
7.5 TENCENT (CHINA)
7.6 SEGA SAMMY HOLDINGS (JAPAN)
7.7 GOOGLE (USA)
7.8 AMAZON (USA)
7.9 NVIDIA (USA)
7.10 APPLE (USA)
7.11 SAMSUNG ELECTRONICS (SOUTH KOREA)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Connected Game Console Market By Region
8.1 Overview
8.2. North America Connected Game Console Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Product Type
8.2.4.1 Home Consoles
8.2.4.2 Handheld Consoles
8.2.4.3 Hybrid Consoles
8.2.5 Historic and Forecasted Market Size By Connectivity
8.2.5.1 Wired
8.2.5.2 Wireless
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Individual
8.2.6.2 Commercial
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Connected Game Console Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Product Type
8.3.4.1 Home Consoles
8.3.4.2 Handheld Consoles
8.3.4.3 Hybrid Consoles
8.3.5 Historic and Forecasted Market Size By Connectivity
8.3.5.1 Wired
8.3.5.2 Wireless
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Individual
8.3.6.2 Commercial
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Connected Game Console Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Product Type
8.4.4.1 Home Consoles
8.4.4.2 Handheld Consoles
8.4.4.3 Hybrid Consoles
8.4.5 Historic and Forecasted Market Size By Connectivity
8.4.5.1 Wired
8.4.5.2 Wireless
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Individual
8.4.6.2 Commercial
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Connected Game Console Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Product Type
8.5.4.1 Home Consoles
8.5.4.2 Handheld Consoles
8.5.4.3 Hybrid Consoles
8.5.5 Historic and Forecasted Market Size By Connectivity
8.5.5.1 Wired
8.5.5.2 Wireless
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Individual
8.5.6.2 Commercial
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Connected Game Console Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Product Type
8.6.4.1 Home Consoles
8.6.4.2 Handheld Consoles
8.6.4.3 Hybrid Consoles
8.6.5 Historic and Forecasted Market Size By Connectivity
8.6.5.1 Wired
8.6.5.2 Wireless
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Individual
8.6.6.2 Commercial
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Connected Game Console Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Product Type
8.7.4.1 Home Consoles
8.7.4.2 Handheld Consoles
8.7.4.3 Hybrid Consoles
8.7.5 Historic and Forecasted Market Size By Connectivity
8.7.5.1 Wired
8.7.5.2 Wireless
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Individual
8.7.6.2 Commercial
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
|
Global Connected Game Console Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 64.50 Billion |
|
Forecast Period 2024-32 CAGR: |
14.10 % |
Market Size in 2032: |
USD 211.41 Billion |
|
Segments Covered: |
By Product Type |
|
|
|
By Connectivity |
|
||
|
By End User |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
