Research from ReportLinker shows that the gaming accessories market will experience massive growth from 2021 to 2026. In fact, the market is expected to reach a compound annual growth rate of 9.6% over the next five years.
“Major gaming console manufacturers like Nintendo and Microsoft have realized the potentiality of AR and are leading the charge. Such developments are aiding the development of gaming accessories to provide enhanced gaming experience to gamers,” it says in the industry report. “The rapid growth of esports has up-surged the demand for advanced gaming keyboards and gamepads, and the gaming accessories market is expected to grow over the forecast period with the continuous enhancement in gaming content.”
This information comes following a report by Technavio on the esports accessories market. According to the company’s research, the gaming peripheral market is expected to grow by $3.36 billion by 2025. The market’s growth momentum will accelerate at a CAGR (Compound Annual Growth Rate) of 6.88% during this forecast period.