Gaming Market Detailed Analysis Report till 2025 | Radiant Insights, Inc.

in gamingmarket •  7 years ago 

The global gaming market size is anticipated to reach USD 171.96 billion by 2025, according to a new report by Radiant Insights, 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.

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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.

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

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Gaming Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global Gaming Market, 2014 - 2025 (USD Billion)

Chapter 3 Gaming Market - Industry Outlook
3.1 Market Segmentation
3.2 Market Size & Growth Prospects
3.3 Gaming Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Gaming Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Emergence of next-generation gaming consoles
3.4.1.2 Technological profliferation
3.4.2 Market challenges analysis

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: [email protected]
visit our website: http://www.radiantinsights.com/
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco
State: California
Country: United States

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