Global Video Game Systems Market, Forecast to 2023

Global Video Game Systems Market, Forecast to 2023

Platform Differentiation, New Marketing Opportunities, and Innovative Technologies Still Abound in a Mature Market

RELEASE DATE
22-Feb-2018
REGION
North America
Research Code: 9AC1-00-31-00-00
SKU: EM00293-GL-MR_21563
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Description

Video game systems consist of two sub-categories, consoles and handheld devices. A video game console is a preconfigured, ready-to-play, interactive appliance whose primary purpose when connected to a television is video gaming. Examples include Sony’s PlayStation 4 and Microsoft’s Xbox One. A video game handheld is a self-contained unit with the same purpose, though not requiring a separate television. Examples include Sony’s PlayStation Vita and Nintendo’s Switch, though the latter can also be docked to act as a console. Devices such as smartphones, tablets, or personal computers on which video games can be played are not included in this market definition. Consumers in the video game systems market generally fall under two categories: “core gamers” are enthusiastic adopters of the latest advances in gaming and value high performance and “casual gamers” who enjoy some games and online experiences, but are satisfied with using their current system for its entire useful lifetime and will often be satisfied with free-to-play casual games and mid-core games on their tablets and smartphones.

Research Scope

This market insight covers the following:
•    Global market trend analyses, including market drivers and restraints.
•    Detailed unit shipment forecasts for the total media streaming devices market.
•    A competitive landscape, in terms of major participants and market share analysis.

Geographical Segmentation: The global market has been segmented into North America, Latin America (NALA), Europe, the Middle East, and Africa (EMEA), and Asia-Pacific (APAC).

The base year of this video games systems insight is 2017, with forecasts running up to 2023. The research highlights key trends impacting the global video game systems market and outlines future implications.


Research Highlights

The overall video game systems market continues to be defined by three key vendors – Microsoft, Nintendo, and Sony. Sony’s market share grew consistently over the past several years, driven by the ongoing success of the PlayStation 4 and continued loyalty for the PlayStation 3. Microsoft battles Sony in terms of technological specifications, although trailing significantly in terms of unit sales and total deployment. Absent significant upgrades to their consoles until 2017, the total market dipped in 2015 and 2016. We expect sales to recover in 2017 as new consoles come to market from Microsoft, Nintendo, and Sony, coupled with better online experiences and aggressive price competition. Looking forward, we anticipate an overall declining market with surges in years of new console releases or massively popular new games.

Key Conclusion

Frost & Sullivan expects unit shipments for the video games systems market to decrease from 35.6 million in 2017 to 23.7 million in 2023, at a compound annual growth rate (CAGR) of -6.5 percent over the forecast period. There are indications that growth will decline as products on the market are currently “good enough” for many consumers until newer television technologies become more widespread across the globe, compelling games require hardware upgrades, and/or eSports, gameplay streaming, and virtual reality gaming bring more attention to the market.

Table of Contents

Key Findings

Market Engineering Measurements

Introduction

Introduction (continued)

Global Market Life Cycle Analysis

Research Scope

Market Overview—Regions Covered

Frost & Sullivan Digital Media Value Chain Coverage

Drivers—Impact and Duration

Restraints—Impact and Duration

Market Engineering Measurements

Video Game Systems—Forecasting Methodology

Unit Shipment Forecast

Unit Shipment Discussion

Percent Unit Shipment Forecast by Region

Unit Shipment Forecast by Region

Unit Shipment by Region Discussion

Competitive Analysis—Market Share

Market Share Analysis

Competitive Structure and Tiers of Competition

Competitive Environment

Growth Opportunity 1—eSports/Twitch/YouTube Gaming

Growth Opportunity 2—VR/AR Gaming

Growth Opportunity 3—4K/HDR Television Adoption

Strategic Imperatives for Success and Growth

Conclusion

The Last Word—Predictions

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Video game systems consist of two sub-categories, consoles and handheld devices. A video game console is a preconfigured, ready-to-play, interactive appliance whose primary purpose when connected to a television is video gaming. Examples include Sony’s PlayStation 4 and Microsoft’s Xbox One. A video game handheld is a self-contained unit with the same purpose, though not requiring a separate television. Examples include Sony’s PlayStation Vita and Nintendo’s Switch, though the latter can also be docked to act as a console. Devices such as smartphones, tablets, or personal computers on which video games can be played are not included in this market definition. Consumers in the video game systems market generally fall under two categories: “core gamers” are enthusiastic adopters of the latest advances in gaming and value high performance and “casual gamers” who enjoy some games and online experiences, but are satisfied with using their current system for its entire useful lifetime and will often be satisfied with free-to-play casual games and mid-core games on their tablets and smartphones.--BEGIN PROMO--

Research Scope

This market insight covers the following:
•    Global market trend analyses, including market drivers and restraints.
•    Detailed unit shipment forecasts for the total media streaming devices market.
•    A competitive landscape, in terms of major participants and market share analysis.

Geographical Segmentation: The global market has been segmented into North America, Latin America (NALA), Europe, the Middle East, and Africa (EMEA), and Asia-Pacific (APAC).

The base year of this video games systems insight is 2017, with forecasts running up to 2023. The research highlights key trends impacting the global video game systems market and outlines future implications.

Research Highlights

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More Information
No Index No
Podcast No
Author Robert Cavin
Industries Entertainment and Media
WIP Number 9AC1-00-31-00-00
Is Prebook No
GPS Codes 9523-D1,9705-C1,9849-70,9A3D-D1