According to a recent report from Technavio, the global gaming headset market is expected to grow by $788.08 million between 2020 and 2025. During this forecast period, the sector will register a compound annual growth rate (CAGR) of nearly 7%.
“The gaming headset market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.” the report reads. “To make the best of the opportunity, the market vendors should focus more on the fast-growing segment’s growth prospect while maintaining their positions in the slow-growing segments.”
The APAC region is expected to have a huge impact on this forecast. It is believed that the Asia-Pacific region will make up 51% of the global gaming headset market between 2020 and 2025. The report indicates that the growing video game industries emerging in places like India and Indonesia will be the cause of this massive market share.
(All information was provided by PR Newswire)