San Francisco, 1 October
2018: The global gaming
market size is
anticipated to reach USD 171.96 billion by 2025, according to a new report by
Grand View Research, Inc., registering a 6.5% CAGR during the forecast period.
Technological advancements in gaming hardware and software are anticipated to
accelerate market growth over the next eight years.
Gaming has emerged as one of the most
lucrative industries in the entertainment sector, besides the music and film
industries. Recent technological advancements, such as virtual reality and
augmented reality, have been instrumental in opening up several avenues for
market expansion.
The emergence of virtual reality (VR)
headsets has significantly impacted the market owing to the immersive gaming
experience they offer. Commercialization of VR headsets is on the rise and is
increasingly prompting market players to generate VR content to capitalize on
the opportunities created by this technology.
Substantial growth in the development of
augmented reality (AR) and VR-related products, such as Head Mounted Displays (HMD)
and Head-Up Displays (HUD), has remarkably enhanced gaming experience, making
it more engaging. The emerging trend of game-based learning is anticipated to
boost the adoption of video games in the academia vertical, as it not only
helps in improving digital literacy but also facilitates skill development and
cognitive growth.
Access
Research Report of Gaming Market @ www.grandviewresearch.com/industry-analysis/gaming-industry
Further key findings from the report suggest:
· The mobile segment is projected to gain
momentum and exhibit a CAGR of 7.3% over the forecast period, owing to
increasing smartphone penetration across the globe
· Use of tablet phones for improved viewing
and playing experience is further expected to contribute to the growth of the
mobile device segment
· The online segment is estimated to witness
substantial growth over the next eight years, expanding at a CAGR of 8.6% from
2017 to 2025. This can be attributed to increasing broadband penetration and
growing online betting, gambling, and social network gaming
· The Asia Pacific market is expected to gain
traction, attaining a market size of USD 86.84 billion by 2025
· Emerging countries such as China, India,
and South Korea are offering lucrative growth opportunities for market
augmentation, which can be partly attributed to growing smartphone and Internet
penetration in these countries
· Prominent players dominating the global
gaming market include Tencent Holdings Limited, Nintendo Co., Ltd., Microsoft
Corporation, and Sony Corporation
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global gaming market on the basis of device, type, and region:
Gaming Device Outlook (Revenue, USD
Billion, 2014 - 2025)
·
Console
·
Mobile
·
Computer
Gaming Type Outlook (Revenue, USD Billion,
2014 - 2025)
·
Online
·
Offline
Gaming Regional Outlook (Revenue, USD
Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Japan
o
South Korea
·
Latin America
o
Brazil
·
Middle East & Africa
Access Press Release of
Gaming Market@ www.grandviewresearch.com/press-release/global-gaming-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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