The portable gaming console market is expected to grow from USD 14.740 billion in 2025 to USD 20.365 billion in 2030, at a CAGR of 6.68%.
Portable gaming consoles are compact self-contained video game consoles that are simple handheld gaming consoles. They combine the speakers, console, display, and controls into a single unit, allowing the user to transport and play them at any time or location. These gadgets are typically lighter and more portable than conventional consoles. Additionally, they typically have longer battery lives than conventional consoles, letting users play for long periods before needing to recharge. Some portable gaming consoles may come with extra functions like internet connection and cloud gaming. Video games are becoming increasingly popular among young people, which is the main reason fueling the market's expansion.
One of the primary development drivers for the portable gaming console industry is the increasing demand for mobile gaming. The mobile gaming industry is one of the world's fastest expanding. Mobile games have become the preferred form of entertainment for individuals of all ages and groups in recent years. The introduction of powerful smartphones and tablets has resulted in a considerable surge in demand for mobile games in portable gaming consoles. For instance, With the brand-new Snapdragon G3x CPU, Razer introduced a portable gaming dev kit in December 2021. To run all Android games, play content from cloud gaming libraries, stream games from your home console or PC, and enjoy entertainment from your favorite Android apps, the Snapdragon G3x Gen 1 Gaming Platform offers cutting-edge performance and the full complement of Snapdragon Elite Gaming technologies.
One of the primary elements driving the expansion of the portable gaming console business is the increasing demand for 3D game consoles. 3D gaming is gaining popularity all over the world. 3D gaming consoles support stereoscopic graphics gameplay on a built-in high-resolution display. Furthermore, 3D gaming capabilities such as perfect 3-D localization improve user experience and add realism to the gameplay. Over the coming years, market growth is predicted to be fueled by the creation of 3D games. For instance, Nintendo has revealed that a 3D Mario collection will be available for the Switch in September 2020. Nintendo said in a press release that Super Mario 3D All-Stars will be released in limited quantities only for the Nintendo Switch family of platforms on September 18 and will be available until March 31, 2021. As excitement develops for the latest and greatest gaming console, the only opinion that truly matters is that of the gamers themselves.
Over the following several years, it is anticipated that the market for portable gaming consoles would rise as a result of the introduction of cloud-based gaming. A gaming paradigm known as "cloud-based gaming" refers to one in which all or the majority of game processing occurs on remote servers as opposed to locally installed hardware in users' homes, businesses, etc. For instance, Logitech has announced a portable cloud gaming console in September 2022. The Logitech G Cloud is a portable gaming console that primarily focuses on cloud gaming services like Xbox Cloud Gaming and Nvidia GeForce Now. The Logitech G Cloud is less expensive, lighter, and has a longer battery life. In terms of internal specifications, it has just enough computer capacity to perform cloud gaming services.
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