Gaming Hardware Market : The Adoption of Virtual Reality Headsets In The Commercial Sector has Undergone A Significant Rise

In the last few years, globally the demand for gaming hardware has increased at a large scale. There are variety platforms and modes for gameplay that can be played either on personal computer or on different devices such as mobile phones, televisions, or handheld gaming device such as PSP devices or Nintendo DS systems. The demand for these types of games is widely seen in end-users. Moreover, in coming years, the demand for gaming hardware is expected to grow in commercial sector.

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. 

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Rohit Bhisey

An AVP at the Marketing department at Transparency Market Research, Rohit has his fingers firmly placed on the pulse of the business world. He has a keen eye for any new development that could rock our world. He is adept at strategizing to boost web traffic and generate new leads. He is also an expert in Google Analytics, something which he feels could go a long way in getting sites more traction by providing necessary insights. Rohit is a Bachelor in Computer Science from the Pandit Ravishankar Shukla University and takes keen interest in writing news articles on technology, business, and healthcare.

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