The global digital gaming market is projected to expand at a CAGR of 15.7% and is expected to be worth $264.9 billion by 2023. The increased proliferation of smartphones and tablets is providing considerable push to the gaming market globally. Also, the improvement in technology and the ease of access to internet connectivity have given an impetus to live games of MMO and eSports genres. The gaming companies are increasingly preferring digital distribution channels over physical distribution channels, as digital distribution allows easy purchase and downloading of digital content for different gaming platforms.
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Segment insights:
The various platforms used for gaming are PC, mobile, and console. The mobile platform is expected to grow at the highest CAGR of 23.1% during the 2018-2023 period, leading to a global revenue generation of $165.3 billion by 2023. The growth in mobile gaming can be attributed to the ease in use of mobile phones and the affordability of the feature-rich smartphones coupled with a reasonably good internet connection in most of the regions across the globe. Over the years, the gamers realized the convenience that mobile gaming offers over the console and PC games, leading to its wide adoption. While mobile gaming is gaining popularity, PC gaming is expected to decline in the years to come and will have an estimated market share of only 11.0% by 2023.
Regional insights:
The digital gaming market in North America is expected to grow at a CAGR of 14.6% during the 2018-2023 period. Events such as eSports in the US is backed by astounding internet connectivity in the region. Asia-Pacific is the leading contributor to the global digital gaming market. It is expected to contribute $137.8 billion by 2023. Additionally, the Asia-Pacific region will witness the highest CAGR of 17.5% during the forecast period of 2018-2023. The key countries contributing to APAC's humongous revenue are China, South Korea, Japan, and India. The revenue contribution by Latin America is expected to be $6.9 billion by 2023. Both Sony and Microsoft have programs for their console markets in Latin America that are open to independent developers and small studios, which in turn is strengthening the console gaming in the region. The EMEA region is expected to capture a market share of 22.0% by 2023. The VR gaming segment is one of the most competitive spaces of gaming in Europe.
Companies covered
• Activision Blizzard
• Electronic Arts
• Take Two Interactive
• Ubisoft
• Zynga
• Tencent
• GungHo Online
• Nintendo
• Sony Corporation
• Microsoft Corporation
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Table of Contents
Chapter 1: Executive summary
1.1. Executive summary I
1.2. Executive summary II
Chapter 2: Global digital gaming - market introduction
2.1. Key questions answered in this study
2.2. Market scope and segmentation
2.3. Market definitions - different business models
2.4. Market definitions - based on platform
Chapter 3: Global digital gaming market - overview
3.1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
3.2. Global market trends
3.3. Global market drivers and challenges
3.5. Distribution channel analysis
3.5. Opportunity areas
Continued…
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The Digital Gaming Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the digital gaming market include Activision Blizzard, Electronic Arts, Take Two Interactive, Ubisoft, Zynga, Tencent, GungHo Online, Nintendo, Sony Corporation, Microsoft Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Digital Gaming Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/digital-gaming-market/download-sampleMarket DynamicsFactors such as availability of reasonably good internet connection in most of the regions across the world, ease of using mobile phones, and the affordability of feature-rich smartphones drive the growth of the market.
There are many things that are helping the Global Digital Gaming Market to grow.
In our research report, we have tried to show how factors like ease of access to internet connectivity, the proliferation of smartphones and tablets, improvements in technology have helped this industry to evolve in so many ways.For example, there are more digital distribution channels than before, owing to the changes in the way gamers access new content.
Better software, advanced development skills have bright forward MMOs, eSports genres, console-based games enchanted with virtual reality gear.
It is the place where one can get access to the research on global markets and emerging industries that are credible, transparent and up to date.
The only difference with us is that all reports have been developed via focused coverage, commitment to data authenticity, simple licensing, and complete user privacy.
-Intended uses of this reportThe aim of this report is to convey to interested people the full results of our study, giving the best and most accurate details that can even be used to determine the validity of conclusions.
According to a recently published report by Research Nester on “Digital Gaming Market: Global Demand Analysis & Opportunity Outlook 2027”delivers detailed overview of the global digital gaming market in terms of market segmentation by distribution channel, game subscription model, platform, audience, device and region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.The increasing users of electronic devices and high development of gaming applications with improved features has resulted in rising demand for digital games.
The improvement in internet accessibility and other technologies to support proper working of online games coupled with provision of better social interacting applications and improved gaming experience with companies coming up with new advancements and developments for instance Gameloft, EA sports, Ubisoft is expected to drive the market growth.Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-1680The global digital gaming market is segmented by distribution channel, game subscription model, platform, audience and device.
The device segment is sub segmented into mobile, PC and console, out of which, the mobile segment is anticipated to have leading share owing to usage of mobile phones and rising accessibility, affordability and convenience of buying the mobile phones coupled with provision of features for instance, voice recognition, customizable features, interactive drama, open world, wearable gaming and augmented reality.
Additionally, the rising disposal income and increasing global economic growth has resulted in increasing demand for consoles and PCs.High cost of development and huge time investments coupled with distraction of user from regular tasks and cases of security breaches are expected to act as a key restraint in the growth of global digital gaming market during forecast period.Competitive ScenarioThis report also provides the existing competitive scenario of some of the key players of the global digital gaming market which includes company profiling of Activision Blizzard, Sony Corporation, Microsoft Corporation, Ubisoft, Tencent, Nintendo, Gameloft and EA Sport.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global digital gaming market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-1680About Research:Research Nester is a leading service provider for strategic market research and consulting.
We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc.
JUNE 08, 2020: India digital gaming marketIndia is emerging to be a popular outsourcing destination for global gaming companies due to the high availability of skilled game developers and a rapid upsurge in the country's gaming market.
Increase in internet and smartphone penetration, improved digital payment infrastructure, applications available on various platforms like Android, iOS and Microsoft Windows, advancement in technologies, rising income level, and change in game preferences are the main reasons for this popularity.Digital gaming includes different genres which can be played across single-player, multi-player and massively multi-player formats in devices like mobile, computer and through console devices.
Key growth factorsWith the global rise in smartphone ownership, India has the second highest smartphone users.
It has been found that smartphone users in India spend four hours per day on gaming apps.Technology is playing a key role in the Indian digital gaming industry.
It is considered to be one of the major issues faced by the game development companies.99Games Online Pvt.
Ltd. and Nazara Technologies Ltd. are some of the major players operating in the Indian digital gaming marketWhat is covered in the report?Overview of the Indian digital gaming marketHistorical, current and forecasted market size data for the Indian digital gaming market (2016 to 2023)Qualitative analysis of the Indian digital gaming market and its segments (by technology- mobile gaming, console gaming and computer gaming, by types of games - strategy, casual, action, sports, simulation and others)Qualitative analysis of the major drivers and challenges affecting the marketAnalysis of the competitive landscape and profiles of major players operating in the marketWhy buy?Get a broad understanding of the digital gaming market in India, the dynamics of the market and current state of the sectorStrategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the marketBe informed regarding the key developments in the digital gaming market in IndiaUnderstand major competitors' business strategies and market dynamics and respond accordingly to benefit from the market To Browse Full Research Report @: https://www.radiantinsights.com/research/digital-gaming-market-in-india-2018-2023Table of ContentsChapter 1: Executive summaryChapter 2: Socio-economic indicatorsChapter 3: Introduction3.1.
