Technavio recently released a report entitled “Gaming Headset Market by Technology, Product, Distribution Channel, and Geography – Forecast and Analysis 2020-2024”. In this piece, it was reported that the global gaming headset market is expected to grow by $788 million between now and 2024, progressing at a CAGR of almost 7% during this time.
“Technological developments and product innovation are the prime factors driving the growth of the gaming headset market. The market players can use these drivers to achieve growth opportunities,” it reads in the report. “However, factors such as the easy availability of counterfeit products will challenge the growth of the market participants. To recover from post COVID19 impact, vendors should maintain their positions in the slow-growing segments and simultaneously focus more on the growth prospects in the fast-growing segments.”
51% of market growth will originate from the Asia-Pacific (APAC) region of the world during this period. China and Japan are two of the biggest markets for gaming headsets in that part of the world. Market growth in this region will be faster than the growth in other global regions. Other countries that have seen their gaming sectors grow recently include India, Taiwan, and Indonesia.
Technavio is a global technology research company. They have over 500 specialized analysts that have conducted more than 17,000 reports and counting, covering 800 technologies across 50 countries.
(All information was provided by PR Newswire)