The market report offers comprehensive coverage of all the important factors such as market drivers, leading players, latest trends, revenue, growth rate, volume sales, and consumer insights. The increasing use of different gaming devices, including laptops, tablets, consoles, smartphones and computers, and rising penetration of the internet globally, are the key factors driving the growth of the video game market.
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Video Game Market Overview: (Including market share, size, trends, statistics, growth, forecast, and industry analysis)
Market Drivers, Trends & Restraints:
The increasing use of different gaming devices, which include laptops, tablets, consoles, smartphones, and computers, along with rising penetration of the internet globally, are the major factors surging the growth of the video game market share in terms of revenue. As per the video game market research, the significant shift from physical games towards online games and the easy availability of games on the internet will propel the growth of the video game market size in the upcoming years. The strong demand for new games on a regular basis needs rapid innovation in the video games is further boosting the growth of the market. According to the video game market statistics, massively multiplayer online (MMO), increasing popularity of multiplayer games, the emerging trend of social media gaming, and Free2Play (F2P) are expected to bring numerous growth opportunities in the market during the forecast period. On the other edge of the spectrum, the major factors hindering the growth of the market include copyright issues and growing fraud regarding financial transactions during gaming.
Regional Drivers:
Based on the region, the Asia-Pacific region is anticipated to dominate the market during the forecast period. This is attributed to the growing penetration of smartphones and the rising demand for entertainment in China. Additionally, the strong presence of top manufacturing organizations like Tencent Holdings Limited and the expansion of these companies will further contribute to the growth of the market in China. Furthermore, the rising emphasis on massively multiplayer online games and e-sports in South Korea are some other factors supporting the growth of the video game market in Asia-Pacific.
Competitive Landscape:
The notable players in the Video Game Market are as follows:
- Microsoft
- Sony Corporation
- Apple Inc.
- Activision Blizzard, Inc.
- Disney
- Tencent
- EA Sports
- Sega Games Co., Ltd.
- Nintendo Co., Ltd.
- Telltale Games
Market Segmentation
Video Game Market by Device:
- Console
- Mobile
- Computer
Video Game Market by Type:
- Online
- Offline
Video Game Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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