COVID Impact On Global Gaming Console Market 2020-2025

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COVID Impact On Global Gaming Console Market 2020-2025
As the gaming community grew, Tv Gaming consoles were considered as the next level of gaming. They gained much popularity which resulted in 91.9% of the gaming consoles being TV based

  • Earlier, handheld gaming consoles were ruling the market with Sony PSP and Nintendo Game Boy. As technology developed, the basic platform for gaming also changed.

  • Coming to the popularity of gaming consoles and market growth in Asia, India to be specific is decreasing by a huge amount. The main root reason is the high tax on gaming consoles. Consumers have to pay a huge amount as taxes for gaming consoles.

  •  Grand Theft Auto 5 is a true valid game that pushed the sales of gaming consoles like PlayStation 4 and Xbox One, because after the release of their “Online Version” for the game, the demand for TV gaming consoles doubled. 

  • Even though its rival Xbox Series X shares similar specifications, Sony’s PlayStation 5 has more sheer power processing compared to Xbox Series X. This advantage can result in a lead even though they share the same price in the market.

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  •  New updates, changes, and the addition of new features are always appreciated as they enhance the growth of the market. The audio and video experience for a user has improved each time with the release of a new product in the market.

  • The three main vendors in the gaming console market are Microsoft, Nintendo, and Sony. Product features, latest game release, and the price are the main areas where the vendors compete on.

  • The sales unit count of Sony’s PlayStation was almost double as that of Xbox One and almost two million units more than Nintendo.

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COMPANIES PROFILED

  • Sony

  • Microsoft

  • Nvidia Corporation

  • Valve Corporation

  • PlayJam

  • BlueStacks

  • Nintendo Co. Ltd.

  • Mad Catz

  • OUYA Inc.

THIS GLOBAL GAMING CONSOLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1.  Gaming Console Market size and Forecast , by region, by application

2.  Average B-2-B price for Gaming Console Market, by region, per user

3.  Technology trends and related opportunity for new Gaming Console Market tech suppliers

4.  Market share of leading vendors, by region,

5.  Coronavirus impact on Gaming Console Market earnings

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