A new market report was recently published by Research Dive. In this piece, it was revealed that the global gaming simulator market will be worth $20.43 billion by 2026, registering a CAGR of 22.1% during this growth period.

"As per our analyst estimates, the substantial growth of the global gaming simulator market is mainly driven by the advancement in gaming simulators to enhance the player's gaming experience by the addition of a real-life touch with simulation and graphics," the research says. "However, the low product penetration in developing countries along with the high cost of gaming simulators will hamper the growth of the global gaming simulator market."

The report showed that the global gaming simulator market was valued at $4.32 billion in 2019. The study also revealed the market is currently valued at $6.197 billion.

(All information was provided by Yahoo! Finance)