Global Playstation Market : Key Players, Growth, Analysis 2020 to 2026
Playstation Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of playstation market by by service (subscription service, and streaming service), type (home console, handheld system, and other), impact of drivers, restraints, and macro indicators on the global and regional, segments and sub-segments market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the playstation market it includes the five years Industry analysis and the 6 years annual forecast from to 2026. Some of the prominent participants in the global playstation market are Sony, Microsoft Corp, Sega Corporation, Atari Corporation, Tencent Holdings Limited, Nintendo, Electronic Arts, Oculus VR, BANDAI, and Activision Blizzard. The global playstation market is projected to grow at a CAGR of 6% over the forecast period of 2020-2026.
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Investing in the Launch of New Services will Provide a Significant Growth Opportunity for the Market
The major players are investing in the development and launch of premium and high-performance game consoles. For instance, in January 2020, Sony Corporation announced the launch of its new PlayStation. The launch will help the company to strengthen its customer base. In addition, Massive Multiplayer Online (MMO) subscription which saw a peak of more than 14 million monthly paying subscribers provides a growing demand for the market. However, lack of standardization is affecting the growth of the market.
Moreover, companies investing in the launch of new services will provide a significant growth opportunity for the market. For instance, console makers like Microsoft and Sony are launching cloud-based subscription services even while they continue to develop new consoles. Further, with the proliferation of social media games, and streaming services there are more than 2.7 billion gamers worldwide in 2020, and they choose to spend their money will continue to shape the gaming PlayStation industry.
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Asia Pacific Holds the Largest Market Share in the Playstation Market
The Asia Pacific holds the largest market share in the PlayStation market. The presence of major market players like sony is driving the growth of the market in this region. Sony’s console still holds a 57.54% share of the market. Furthermore emerging economies like, Korea, India also contribute to the growth of the market. As Korea, It ranks as the fourth-largest market, at 6.3% of the global game industry, after China and Japan. Korea has a massive gaming infrastructure and high penetration. The gaming industry itself covers 13% of the entire national content industry and is reported to be worth over $7 billion.
Playstation Market: Segmentation
The report on global playstation market covers segments such as service, and type. On the basis of service, the sub-markets include subscription service, and streaming service. On the basis of type, the sub-markets include home console, handheld system, and other.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the playstation.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.