Gaming GPU market set to grow by $30.59 billion from 2022 to 2027

According to the report by Technavio, the gaming GPU market is poised for impressive growth, projected to reach USD 30.59 billion from 2022 to 2027, driven by the surge in demand for PC games and gaming consoles. Industry giants like Intel, NVIDIA, and AMD are launching innovative products to maintain dominance while the mobile segment experiences significant expansion.
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The gaming GPU market is on a trajectory of growth, with projections indicating a substantial increase in size, expected to reach $30.59 billion from 2022 to 2027. Fueled by the surge in demand for PC games and game consoles, the market is set to progress at a CAGR of 16.45% during the forecast period. Notably, the introduction and popularity of game consoles like Xbox and PlayStation have played a pivotal role in shaping the modern video game landscape.

As gaming becomes an integral part of contemporary entertainment, major companies like Dell Inc. have responded to the market demand by enhancing their device configurations to cater to the gaming community. Furthermore, vendors in the PC game industry are adopting innovative strategies, offering games as downloadable content accessible through digital distribution platforms like Steam by Valve Corp. This move has resulted in heightened user accessibility, significantly propelling the growth of the global gaming GPU market.

The launch of new gaming GPU products by industry giants such as Intel, NVIDIA, and AMD is a noteworthy trend influencing market growth. These companies heavily rely on introducing innovative products to maintain their market presence and dominance. The ongoing product innovations and launches by various vendors are anticipated to drive the growth of the global gaming GPU market during the forecast period.

The mobile devices segment is poised for significant growth, driven by rising Internet and mobile device penetration, including smartphones and tablets. With mobile gaming gaining popularity, app development has become a focus for many gaming companies. The freemium model, offering initial game levels for free and charging for advanced levels, has contributed to the segment’s expansion. Moreover, increasing smartphone device penetration and seamless game updates have further fueled the growth of the mobile segment, driving the overall expansion of the global gaming GPU market.

The threat of cybercrime in gaming poses a significant challenge though, hindering market growth. The growing popularity of online gaming has led to an increase in cybercrime cases, with hackers exploiting limited security features on connected gaming platforms to access personal data. Some gamers are required to save their credit card details on websites, making them vulnerable to hacking and cyber threats. This trend is anticipated to impede the growth of the global gaming GPU market during the forecast period.

Technavio’s Gaming GPU Market Analysis Report provides valuable insights and interesting predictions about the market along with the data it uncovers.

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