Video Game Market Research Report

 

Growth opportunities in the video game market look promising over the next six years. This is mainly due to the availability of low-cost internet access and the consistent growth of smartphone users across the world, and the escalating adoption of these games among individuals as a result of the easy availability of video games.

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Video Game Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The crucial drivers responsible for the growth of the global video game market include the acquisition of video games led by their easy accessibility and several advantages provided by these games, which includes functioning like stress boosters, the capability to raise confidence, self-esteem, and communicational skills. Also, the availability of economical internet access and the constant augmentation of smartphone users have also strengthened the market share. The usage of advanced technologies like Artificial Intelligence (AI), the launch of Virtual reality (VR), and the expansion in graphics to enhance the players' overall experience will further promote market growth. Moreover, the growing preference of the population in favor of online games from physical games and the prevalence of many genres, including adventure, action, and strategy, will stimulate market growth. However, the growing health issues which are a consequence of playing video games and the increasing addiction, violence, and aggression in individuals will curb the market growth.

Platform Type Segment Drivers

Based on the platform type, online games are anticipated to witness a higher CAGR over the forecast period due to the accelerating penetration of such games resulting from the growing usage of smartphones and rising demand for cloud gaming. Moreover, the expanding tendency of the players towards interactive entertainment systems and the fuelling demand for online games due to their capacity to serve better gaming experience are further promoting the market growth.

Regional Drivers

Based on the regional coverage, the Asia-Pacific is predicted to grow at a higher rate during the forecast period. This is because of the surging demand for these games in people directed by the growing penetration of the internet and smartphones. Moreover, the augmenting inclination towards interacting entertainment, rising interest in social & pay-to-play games, and boost in the number of online gaming tournaments will bolster the market growth.

Video Game Market’s leading Manufacturers:

·        Activision Blizzard, Inc.

·        BANDAI NAMCO Entertainment Inc.

·        Electronic Arts Inc.

·        Apple Inc.

·        Sony Corporation

·        Rovio Entertainment Corporation

·        Nintendo

·        Lucid Games Ltd

·        Microsoft

·        Tencent

Video Game Market Segmentation:

Segmentation by Device Type:

·        Tablet

·        Smartphone

·        Console

·        PC

·        Others

Segmentation by Genre:

·        Action Games

·        Shooter Games

·        Role-Playing Games

·        Sports Games

·        Racing Games

·        Adventure Games

·        Strategy Games

·        Others

Segmentation by Age Group:

·        Age Group 10-20

·        Age Group 21-35

·        Age Group 36-50

·        Age Group 51-65

Segmentation by Platform Type:

·        Online Games

·        Offline Games

Segmentation by Gamer Type:

·        Casual Gamers

·        Extreme Gamers

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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