Gaming Hardware Market Share

Increased multiplayer gaming video streaming is driving the market growth

Games are becoming a widely popular kind of entertainment on a global scale. In 2020, there were 3.1 billion gamers globally, and it is predicted that number will increase by 500 million by 2024. 7.7 billion People occupy the world, or just under half of it. The industry's revenues in 2021 exceeded those of movies, music, and books combined by $175 billion. The gaming industry has expanded into new territories thanks to artificial intelligence and machine learning. From network performance to player matching, these technologies are being used in everything.

These cutting-edge technologies make it easier to do the delicate but crucial tasks of attracting new players and repelling bad actors, improving monetization, or creating and expanding new player ecosystems.

By live broadcasting multiplayer gaming sessions, video game fans are making significant advancements. A new generation of content-obsessed consumers has been created by the live and pre-recorded streaming of video games. Gamers need sophisticated gaming technology, such as speakers, joysticks, motion controllers, and consoles, to enable such massive video streaming events. Also, E-sports is also contributing the market growth. While arcade and action games are still quite popular, the e-sports industry has considerable development potential. During the peak of the COVID-19 epidemic, this trend became very important.

Outdoor athletic activities were either postponed or canceled throughout 2020 due to the implementation of lockdowns. Hence, in order to experience the same level of enjoyment, sports fans turned to video gaming platforms.

According to studies, there will be 496 million people watching e-sports in 2020, an increase of 11.7% from the previous year. In addition, 4.4 million people broadcast e-sports content each month on Twitch in 2020, with pro e-sports players earning an average of US$ 5,000 each person. Altogether, the e-sports sector nearly became a $1 billion market in 2020. These developments only serve to highlight the domain's promising future.

Players are investing in the right hardware as e-sports popularity increases, expanding opportunities for major manufacturers. Also, a lot of start-ups are discovering ways to take advantage of this trend and boost their revenues. For instance, the Indian e-sports gaming platform Gamerji recently announced the funding of US$ 1.1 million for the expansion to MENA and South East Asia, the development of social features for players, and the improvement of tournament management technology. In addition to extending its tournament offerings in MENA and SEA in 2022, the firm expects to add more than five million Indian users to its platform.

Thus, driving the gaming hardware market revenue.

The Global Gaming Hardware Market Industry is projected to experience substantial growth over the coming years. With a market value of 42.5 USD Billion anticipated in 2024, the industry is expected to expand significantly, reaching 85.0 USD Billion by 2035. This growth is underpinned by a compound annual growth rate (CAGR) of 6.5% from 2025 to 2035. Such projections highlight the increasing consumer interest in gaming hardware and the ongoing innovations within the sector. As the market evolves, it will likely attract new players and investments, further enhancing its global presence and competitiveness.

The Global Gaming Hardware Market Industry is being reshaped by the expansion of cloud gaming services, which allow users to stream games directly to their devices without the need for high-end hardware. This model reduces the barrier to entry for gamers, as they can access high-quality gaming experiences on lower-spec devices. Companies like Google and Microsoft are investing heavily in cloud gaming platforms, which could lead to increased hardware sales as consumers seek compatible peripherals. As cloud gaming continues to gain traction, it is likely to influence hardware trends and consumer preferences, further driving market growth.

The Global Gaming Hardware Market Industry is experiencing a notable shift due to the increasing popularity of mobile gaming. With the proliferation of smartphones and tablets, gaming has become more accessible to a broader audience. This trend has prompted hardware manufacturers to develop peripherals and accessories tailored for mobile gamers, such as portable controllers and gaming headsets. The convenience of mobile gaming, combined with advancements in mobile graphics and processing power, is likely to drive hardware sales. As the market adapts to this growing segment, it is expected to contribute significantly to the overall market value, reinforcing the industry's dynamic nature.

The Global Gaming Hardware Market Industry is significantly influenced by the rapid growth of esports and competitive gaming. With millions of viewers and participants worldwide, esports has become a mainstream entertainment avenue. This popularity drives demand for specialized gaming hardware, such as high-refresh-rate monitors and precision gaming peripherals. Major tournaments and leagues, often featuring substantial prize pools, incentivize players to invest in top-tier equipment. As a result, the market is projected to reach 85.0 USD Billion by 2035, reflecting a compound annual growth rate (CAGR) of 6.5% from 2025 to 2035. This growth trajectory underscores the importance of esports in shaping hardware development and consumer preferences.

The Global Gaming Hardware Market Industry is propelled by continuous technological advancements that enhance performance and user experience. Innovations in graphics processing units (GPUs), central processing units (CPUs), and storage solutions enable more complex and visually stunning games. For example, the introduction of ray tracing technology has significantly improved lighting and shadow effects in gaming. These advancements not only attract gamers but also encourage developers to create more demanding titles, thereby increasing hardware sales. As the market evolves, the demand for cutting-edge components is likely to rise, further solidifying the industry's growth and expanding its global reach.

The Global Gaming Hardware Market Industry is witnessing a surge in demand for immersive gaming experiences, driven by advancements in virtual reality (VR) and augmented reality (AR) technologies. As gamers increasingly seek more engaging and interactive environments, hardware manufacturers are compelled to innovate. For instance, the introduction of high-performance VR headsets and motion-sensing controllers has transformed gameplay. This trend is expected to contribute to the market's growth, with projections indicating a market value of 42.5 USD Billion in 2024. The integration of these technologies not only enhances user experience but also expands the potential consumer base, thereby fostering further investment in gaming hardware.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the gaming hardware market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, gaming hardware industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global gaming hardware industry to benefit clients and increase the market sector. In recent years, the gaming hardware industry has offered some of the most significant advantages to medicine. Major players in the gaming hardware market, including, Microsoft Corporation, Nintendo Co Ltd., NVIDIA Corporation, Sony Corporation, Logitech International S.A, and Venom UK Ltd, Oculus VR, Playstation, Linden Research, Sega games, etc.

Microsoft is headquartered in Redmond, Washington, the US. Software development, licensing, and support are all services provided by Microsoft Corp. (Microsoft). The company provides a wide variety of operating systems, server applications, cross-device productivity tools, business solution tools, desktop and server administration tools, video games, and training and certification services. Additionally, it creates, produces, and markets hardware items like Computers, tablets, game consoles, and other sophisticated gadgets. The company offers a wide range of services, such as consultancy, cloud-based solutions, and solution support.

Through original equipment manufacturers, distributors, resellers, online marketplaces, Microsoft stores, and other partner channels, Microsoft promotes, distributes, and sells its products. The company has operations throughout the Middle East, Africa, the Americas, Europe, and Asia-Pacific. In February 2023, Microsoft and NVIDIA announced a 10-year agreement to offer Xbox PC titles to the more than 25 million-user NVIDIA® GeForce NOWTM cloud gaming service, which is available in more than 100 countries. Collaboration will bring popular Xbox games, such as Call of Duty and Minecraft from Activision, to NVIDIA GeForce NOW cloud gaming service.

Sony Group Corp (Sony) is a manufacturer of electronic equipment, semiconductors, medical-related equipment, instruments, and devices. The company’s products include televisions, mobile phones, cameras, music systems, game consoles and software, semiconductors, batteries, and other electronic components. Sony produces, acquires, and distributes recorded music, motion pictures, and television programming; and operates television and digital networks. It also provides banking and financial services, including life and non-life insurance. The company markets products through sales subsidiaries, distributors, and direct sales through the internet. It markets products under Sony, PlayStation, Walkman, Blu-ray, Cyber-shot, Bravia, Exmor, Experia, and Airpeak brand names.

The company operates in Asia-Pacific, Europe, the Middle East, Africa, and the Americas. Sony is headquartered in Minato-Ku, Tokyo, Japan.