COVID-19 Impact Analysis on Gaming Console Market during Q1 of 2021| Expected to reach USD 14.59 Billion by 2025|Technavio

NEW YORK, April 19, 2021 /PRNewswire/ --

The gaming console market is expected to grow by USD 14.59 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the gaming console market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through the Response, Recovery, and Renew phases. 

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The gaming console market will witness a negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Related Report on Communication Services Include:
Global Gaming Market - Global gaming market is segmented by type (casual gaming and professional gaming), device (mobile gaming, console gaming, and PC gaming), platform (online and offline), and geographic (APAC, North America, Europe, MEA, and South America). 
Exclusive Free Sample Report

Global Gaming Headset Market - Global gaming headset market is segmented by technology (wired gaming headsets and wireless gaming headsets), product (PC gaming headsets and console gaming headsets), distribution channel (offline and online), and geography (North America, APAC, Europe, MEA, and South America). 
Exclusive Free Sample Report

Major Three Gaming Console Market Participants:
Atari Inc
The company offers wireless classic joysticks, wireless modern controllers, and other products.

Dell Technologies Inc.
The company offers Alienware Stream Machines, Alienware Alpha, and other products.

Mad Catz Global Ltd.
The company offers the Mad Catz EGO Arcade FightStick.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/gaming-console-market-industry-analysis

Gaming Console Market 2021-2025: Segmentation

Gaming console market is segmented as below:

• Type
• TV Consoles
• Handheld Consoles
• Application
• Casual Gamers
• Hardcore Gamers
• Geography
• APAC
• North America
• Europe
• MEA
• South America

The gaming console market is driven by enhanced features of next-generation gaming consoles. In addition, the diversifying gaming population is expected to trigger the gaming console market toward witnessing a CAGR of over 6% during the forecast period.

More insights about the global trends impacting the future of the gaming console market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR70487

Market Drivers
Market Challenges
Market Trends
Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report: www.technavio.com/report/gaming-console-market-industry-analysis

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