Astute Analytica recently released a study analyzing the current and future state of the global gaming peripheral sector. In this report, it was revealed that the global gaming peripheral market will grow to $8.69 billion by 2027.
“The global gaming peripheral market is driven by the growing popularity of e-sports or virtual gaming around the world. The market is further expanding due to increased investments in gaming peripheral, e-sports, and increasing number of gamers globally,” the report reads. “Increasing demand for realistic and immersive gaming experience has led to a significant development of special gaming peripherals. The e-sports industry has witnessed remarkable growth over the years with the potential of reaching large audience in terms of popularity.”
This report also showed that the global gaming peripheral industry was worth over $4.8 billion last year. This means that the market will experience a Compound Annual Growth Rate (CAGR) of 10% during the projected forecast period that runs from 2021 to 2027.
(All information was provided by PR Newswire)