Global Gaming Market Overview 2018, Demand by Regions, Distribution , Generation, Share and Forecast to 2023

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    Global Gaming Market Spurred by Innovations
in Technology

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Report Description and Highlights
Report Description
Global Gaming Market Spurred by Innovations in
Technology Over the past few years, the global
gaming market has witnessed a robust growth owing
to the increasing penetration of mobile devices
and internet coupled with advancements and
innovations in hardware and software
technologies. The recent report by IMARC Group,
titled Gaming Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2018-2023, estimates that the global gaming
market reached a value of US 98.5 Billion in
2017. Gaming refers to the act of playing video
games through different media such as computers,
consoles, arcade machines or mobile phones. It
helps in improving physical and mental skills,
provides relaxation, fosters positive values such
as cohesion and friendship, increases
self-esteem, and encourages teamwork. These
benefits have not only encouraged the growth of
the gaming industry but have led to the trend of
gamification which encourages and motivates
participants to perform daily tasks usually not
connected to gaming. Technological proliferation
and innovations in both software and hardware,
such as voice recognition, and virtual and
augmented reality gaming, have further attracted
a larger consumer-base.
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Report Description and Highlights
Report Description
Market Drivers Rising penetration of internet
and mobile phones, particularly in the emerging
regions, is majorly stimulating the growth of the
global gaming market. Apart from this,
manufacturers have introduced downloadable
content (DLC) which can range from extensive
storyline to aesthetic outfit changes. The
increasing sales of wearable gaming devices on
account of inflating income levels of the
consumers are also providing a thrust to the
market growth. Additionally, rising adoption of
browser and mobile games which provide
free-to-play business models, along with a shift
from physical to online games are creating a
positive outlook for the market. Furthermore, the
educators are seeking ways to supplement
classroom teaching with gaming in order to help
children develop certain life skills. Looking
forward, the market is anticipated to expand at a
CAGR of about 10 during 2018-2023, reaching a
value of US 171.7 Billion by 2023. Read more
here https//www.imarcgroup.com/gaming-market
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Report Description and Highlights
Report Description

•  
• Market Summary
• On the basis of device type, mobiles and tablets
  represent the largest segment, accounting for the
  majority of the total market share. Other major
  devices include consoles and computers.
• Based on platform, the market has been bifurcated
  into offline and online segments. Amongst these,
  the offline segment currently holds the largest
  market share. The online segment is expected to
  gain traction due to growing demand for
  multiplayer games on popular social networking
  sites.  
• The market has also been segregated on the basis
  of revenue into game purchase and advertising.
  Currently, game purchase accounts for the
  dominant share as it offers a seamless gaming
  experience.
• On the basis of genre, adventure/role playing
  games represent the leading segment. Other
  segments include puzzles, social games, strategy
  and simulation.
• Based on the age group, the market has been
  divided into adult games and children games.
  Adult games currently lead the market, holding
  the largest market share.
• Region-wise, Asia Pacific enjoys the leading
  position, accounting for the majority of the
  global share. Within the region, China and Japan
  dominate the market on account of rising demand
  for entertainment. Besides Asia Pacific, other
  major regions include Europe, North America,
  Latin America, and Middle East and Africa.
• The report has also analysed the competitive
  landscape of the market with some of the major
  players being Apple, Disney, Ubisoft, Sony,
  Nitendo, Microsoft, Sega, Facebook, Zynga and
  Konami.
•  

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Report Description and Highlights
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