The Gaming Peripheral Market is being driven by Rising popularity of e-sports
The Gaming Peripheral Market is expected to grow at a CAGR of 11.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8105 million. In the dynamic realm of video gaming, multiplayer mode has emerged as a prominent trend, surpassing the traditional single-player experience. This mode enables multiple players to engage in real-time competition, fostering interaction and collaboration. Players can connect via the internet or local area networks, with most online games utilizing a dedicated multiplayer server to facilitate seamless gameplay. Simultaneously supporting around 50 players, these servers enable human contestants to collaborate towards common objectives or compete against one another. The multiplayer experience offers a unique blend of challenge, camaraderie, and strategic planning, making it an increasingly popular choice among gaming enthusiasts.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
230 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.1% |
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Market growth 2025-2029 |
USD 8105 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
9.7 |
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Key countries |
US, China, Canada, Japan, Germany, UK, France, India, Italy, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Gaming Peripheral Market is thriving with advanced technologies such as wireless connectivity via Bluetooth and 2.4GHz wireless, optical and laser sensors, and various switch types including linear, tactile, and clicky. Sound isolation, noise cancellation, surround sound, and immersive audio enhance the player experience. Adjustable microphones, noise-reducing microphones, and customizable lighting profiles are essential features. Ergonomic designs offer adjustable armrests, lumbar support, and anti-slip surfaces. Macro recording, performance optimization, and customizable settings cater to the gaming setup and room, enhancing the gaming culture and industry, and influencing game design.
The global interactive home entertainment market encompasses businesses providing media, entertainment, and interactive media and services, as outlined in the parent interactive home entertainment market. This sector includes revenues from companies specializing in gaming peripherals such as gaming mice, mechanical keyboards, gaming headsets, steering wheels, and VR headsets, as well as mobile gaming applications and educational software for home use. According to Technavio's market analysis, the global interactive home entertainment market size is determined by the combined revenues generated from the sale of these gaming products, software, services, and solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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