The Gaming Hardware Market in Europe is expected to grow at a CAGR of 5% to reach USD 3913.4 million by 2028. In the European gaming market, the shift from solitary single-player games to multiplayer modes has been significant. Multiplayer gaming enables real-time interaction between players, fostering a sense of competition and collaboration. Simultaneously connected through a multiplayer server, players can engage in games that support up to 50 participants. Multiplayer gaming modes offer various configurations, including split-screen for multiple players on a single system or separate systems, all linked to the Internet game server. Human players in multiplayer games work together to achieve common objectives, enhancing the overall gaming experience.
Europe dominates the regional market because of The European gaming hardware market is experiencing significant growth, driven by the increasing popularity of gaming and the rise of esports. Major players in this market include AMD, NVIDIA, and Intel, who continuously innovate to meet the demands of gamers for high-performance graphics cards, processors, and peripherals. The market is expected to continue expanding, fueled by advancements in technology and the growing fanbase for gaming and esports.
There are various factors that drive the Gaming Hardware Market in Europe market which are as following: The European gaming hardware market is poised for significant growth due to the burgeoning popularity of e-sports. E-sports, a form of competitive video gaming, has gained global recognition as a major sports entertainment phenomenon. With increasing viewership and engagement, the demand for advanced gaming peripherals is escalating. E-sports players require high-performance hardware to compete at the highest level, leading to increased sales of gaming laptops, monitors, headsets, and peripherals. This trend is expected to persist throughout the forecast period, fueling the expansion of the gaming hardware market in Europe.
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Gaming Hardware Market in Europe Segmentation
The market witnesses several challenges, which are as follows In the European gaming market, the development of video games and associated hardware is a complex and time-consuming process, involving the efforts of game developers, product designers, artists, animators, and motion capture artists. However, this industry faces a significant challenge in the form of software and hardware piracy. Companies like Microsoft Corp. implement measures such as updating end-user license agreements to combat unauthorized software usage. Moreover, counterfeit gaming peripherals, which can provide an unfair advantage, pose a substantial threat to innovation and industry growth. These counterfeit products undermine the investments made in research and development, potentially stifling progress within the gaming sector.
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Some of the key companies that have been profiled in the report include:
Technavio positions the European gaming hardware market as a segment of the larger global technology hardware, storage, and peripherals market, which encompasses manufacturers of various IT products. This market includes the revenue generated from the sale of cellular phones, personal computers, servers, computer components, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The expansion of the global technology hardware, storage, and peripherals market is anticipated to be fueled by the escalating demand for data centers, driven by the surge in work-from-home technologies due to the COVID-19 pandemic. - The Gaming Hardware Market in Europe is experiencing significant growth, fueled by the Rising popularity of e-sports games in Europe. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The gaming hardware market in Europe is thriving, driven by the growing demand for high definition televisions, handheld consoles, and advanced gaming technology. The residential market is the primary consumer base, with augmented reality and 3D gaming gaining popularity. Online gaming, live streaming, and multiplayer gaming events are also significant drivers, leading to the rise of gaming-as-a-service (GaaS) and cloud gaming. Semiconductor chip shortages have affected the production of gaming hardware, causing supply chain disruptions. Gaming accessories, such as controllers, headsets, and gaming chairs, are also in high demand. The gaming industry caters to over 3 billion global gamers, offering various forms of entertainment, from single-player games to e-sports and live broadcasting. Machine learning and artificial intelligence are transforming player ecosystems, enabling player matching, monetization, and personalized gaming experiences. Virtual gaming and video streaming platforms are becoming increasingly popular, providing access to a vast library of games and social interaction. The future of gaming hardware in Europe looks promising, with continuous innovation and advancements in technology.
Technavio Research
Jesse Maida
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