Brands are releasing affordable handheld consoles that leverage cloud gaming
Trend - Technology brands are aiming to make high-quality gaming more accessible by taking advantage of cloud streaming. These companies are releasing affordable, simple handheld game consoles that focus on streaming games via fast wireless connections rather than running games on the device itself.
Insight - Game developers continue to release titles with improved graphical requirements and high price tags, leading to many games being inaccessible to consumers on a budget. Cloud gaming services alleviate price concerns with subscription models, but do not address the affordable hardware barrier. Established hardware companies are addressing this consumer desire by creating handheld devices with low price tags that are compatible with most game streaming services.
Insight - Game developers continue to release titles with improved graphical requirements and high price tags, leading to many games being inaccessible to consumers on a budget. Cloud gaming services alleviate price concerns with subscription models, but do not address the affordable hardware barrier. Established hardware companies are addressing this consumer desire by creating handheld devices with low price tags that are compatible with most game streaming services.
Workshop Question - How could your industry better serve consumers with budget constraints?
Trend Themes
1. Cloud Gaming Handhelds - Technology brands are releasing affordable handheld consoles that leverage cloud gaming, providing a gateway for consumers to access high-quality gaming without the need for expensive hardware.
2. Android-powered Gaming Systems - An upcoming wave of Android-powered gaming systems are hitting the market, providing mobility and powerful gaming capabilities for consumers looking to enjoy a range of titles from anywhere.
3. 5g-enabled Handheld Gaming Consoles - As a growing number of consumers seek out next-generation gaming experiences beyond their smartphones, handheld gaming consoles with 5G connectivity are emerging as a disruptive innovation opportunity.
Industry Implications
1. Gaming Hardware - Established and emerging hardware companies are addressing the growing consumer desire for affordable, high-performance gaming devices.
2. Cloud Gaming Services - Cloud gaming services, such as Nvidia GeForce NOW, Amazon Luna, and Google Stadia, continue to alleviate price concerns with subscription models but increasingly require reliable hardware connectivity for smooth gameplay.
3. Mobile Computing - As advancements in mobile computing continue to drive consumer demand for immersive experiences beyond traditional smartphone form factors, new Android-powered gaming systems, cloud gaming laptops, and 5G-enabled handheld gaming consoles could reshape the market.
