Which games are worth buying and which aren’t?
Personal gaming consoles are the most common type of console.
In fact, there are around 1.2 billion personal gaming consoles in the world.
The personal console market is expected to reach a billion by 2020, according to research firm IDC, which expects sales of more than $400 billion in that time.
However, that’s still a lot of money.
According to IDC’s estimates, personal gaming console sales will be around 1% of total hardware and software sales, compared to about 2% of the global market.
The report also says that the current share of personal gaming hardware and services in the global personal market is around 0.7%.
“The personal market will see significant growth, as it has a high penetration, particularly among younger generations,” said Raghav Joshi, senior analyst at IDC.
“However, this growth will come at a price: the cost of operating these devices, which has risen to about 10% of revenues in the last five years, will likely increase further as new competitors come online.”
Given that most of these devices will be more expensive than their PC counterparts, consumers are likely to be left with a choice between the more traditional consoles and a number of newer, cheaper alternatives.
“While the market for personal gaming devices has grown exponentially over the past few years, the current growth rate has not been enough to keep pace with the growth of other hardware and applications.
The most recent quarterly report by the International Game Developers Association, for example, found that PC hardware revenues had grown by 10% in the first quarter of 2017, while revenue for the console business was up 8% in that period.”
As more devices are coming online, the hardware market will be smaller than the overall market, which will be able to absorb it, said Joshi.”
The end result will be a reduction in overall console sales, and that’s a problem for Nintendo and Microsoft.”
As more devices are coming online, the hardware market will be smaller than the overall market, which will be able to absorb it, said Joshi.
In the next three to five years the global industry is expected be dominated by personal gaming.
According to IDA, the global PC market is projected to reach $9.6 trillion by 2020.
The market for gaming consoles is expected by IDC to reach roughly $5.5 trillion by then.
While the growth in personal gaming will drive the growth and revenue of the overall PC market, a more significant part of the growth will be in the mobile and IoT sectors.
According the IDC report, the mobile gaming market is forecast to reach almost $1 trillion by the end of 2020.
Mobile games are expected to account for almost one-third of total console and software revenues by 2020 as the market becomes increasingly dominated by the device, and the revenue growth of the hardware is also expected to be driven by smartphones.