The rise in demand for online gaming activities and sports is directly related to the increase in gaming monitors supply, which forecasts the market to see an immense boost. According to Future Market Insights (FMI), the global gaming monitors market is predicted to rise rapidly at a CAGR of 6.6% during the period from 2022 to 2030.
Digitalization has rapidly taken over the world. With easy access to electronic devices and low-cost data services, esports consumption has been steadily increasing. Online gaming has become an integral part of society today. The increasing audience has helped cement esports as an authentic professional sport, creating a flourishing market in the gaming monitors market.
“While several other markets seem to struggling amid COVID-19 outbreak, gaming monitors’ producers are likely to enjoy improved prospects,” said a lead analyst at FMI. “With consumers choosing to spend their maximum time indoors to avoid contracting the virus, their interest in online sports and gaming have surged. Most market players are expected to capitalize on this opportunity to strengthen their footprint in the coming years.”
The gaming monitors market is extremely competitive. Key players are focusing on launching new products and solutions more frequently. The shift of manufacturers towards an approach that enhances customer base as well as diversifies their product offerings is projected to propel the growth.
Some of the key players in the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., Hewlett-Packard, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited, and Acer Inc.
(All information was provided by GlobeNewswire)
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