According to a new report from Acumen Research and Consulting, the global gaming accessories market was worth over $6.7 billion last year. This sector is expected to register a compound annual growth rate (CAGR) of 10.8% over the next eight years to reach a value of 16.7 billion by 2030.
“One of the gaming accessories market trends driving industry demand is the growing number of online games,” the report says. “The number of gamers worldwide grows as the number of games increases. As a result, such a large population necessitates a large number of gaming accessories, driving the market value. The gaming accessories industry is also expected to grow as smartphones become more popular around the world. Furthermore, according to our gaming accessories industry analysis, the introduction of augmented reality (AR) and virtual reality (VR) in gaming is supporting market growth.”
Regions like North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa will account for most of the global gaming accessories market. Unsurprisingly, the APAC region will hold the largest market share during the aforementioned forecast period which runs from 2022 to 2030.
(All information was provided by GlobeNewswire)