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
Access
Press Release 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.
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