San Francisco, Nov 28 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.
Browse full research report on 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: 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
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- South Korea
- Latin America
- Brazil
- Middle East
& Africa
Browse press release of this report
by Grand View Research: 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.
For more information:
www.grandviewresearch.com
No comments:
Post a Comment