Technological advancements have grown the experience of online games multiple times. Nowadays, the upcoming game console is introduced in high definition audio and video images with advanced graphic technology. Moreover, the use of gaming hardware devices gives a more realistic representation of environments and players while playing. Use of innovative glasses and 3D audio quality has enhanced the users experience and have significantly grown the demand for gaming hardware. According to Transparency Market Research, the global gaming hardware market is expected to reach 260.5 million units in terms of volume. The market is projected to rise at 6.6% of CAGR during the forecast period between 2018 and 2026.
How are Companies Involved in the Gaming Hardware Market Strengthening their Position?
In terms of consoles and accessories, developers are making conscious efforts to make strategic decisions for the growth of the company and the market. Prominent players in the market are also putting efforts in product innovations and technological advancements to give the users an extraordinary experience while using these devices during their game.
Some of the prominent players in the gaming hardware market are Nintendo Co Ltd., NVIDIA Corporation, Microsoft Corporation, Sony Corporation, Venom UK Ltd, and Logitech International S.A. The leading players in the market are investing in strategic alliance and collaborations to establish themselves firmly in the regional and the global level. Recently, Sawthooth Solutions LL takes about 4,804 shares from Sony Corporation that valued approx. US$ 247,000.