AP NEWS

Global Digital Gaming Market 2018-2023: Key Growth Factors & Threats and Key Players - ResearchAndMarkets.com

July 24, 2018

DUBLIN--(BUSINESS WIRE)--Jul 24, 2018--The “Global Digital Gaming Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

Digital Games is one of most booming sectors of the Global Media and Entertainment Industry, and it comprises games played on PCs, Mobiles, and Consoles. According to this Gaming Market Research, the digital games market is expected to have a significant growth at a CAGR of 18.98% (2018-2023) leading to a global digital gaming market size of USD 323.91 bn by 2023.

Mobile gaming has developed at a staggeringly high rate in recent times and was the largest segment in 2017, followed by Console and PC games. It is the fastest growing segment of the market and is forecasted to grow at a high CAGR through 2018-2023. The segment is gaining traction due to low entry barriers and fast proliferation activities of internet and smartphones across the globe.

PC Games and Console Games hold significant portions of the global digital games revenues. Though the online-browser gaming within PC games have taken a shift to smartphones and tablets, expanded digital purchases on these platforms along with the introduction of new technologies like Augmented Reality and Virtual Reality are driving the markets forward.

Key Growth Factors

The use of internet and smartphones is one of the primary requirements of video games market in the age of digital distribution of games. Thus increased internet and smartphone penetration across the globe is driving the global digital games market. Factors like improvement in global economic growth which provides consumers with more disposable income to spend on gaming and increase in the number of worldwide gamers are continuously raising the demand for digital gaming across the globe.

Threats and Key Players

Although the digital gaming industry is forecasted to have a healthy growth globally, still, there is low internet speed and smartphone penetration in several regions of the world which hinders the growth of digital games. Also, often, challenging economic conditions, political unrest and governmental restrictions in regions restrict the growth of digital gaming market. Case in point, the recent political turmoil like Eurozone crisis, Brexit, etc. have challenged the growth of the market. Some of the major gaming companies in the Digital Gaming Market are Activision Blizzard, Electronic Arts, Take-Two Interactive and Ubisoft.

Companies Featured

Major Companies

Activision Blizzard Electronic Arts’ Take-Two Interactive Ubisoft Zynga Nintendo GungHo Online NCsoft Sony Corporation Microsoft Corporation

Start-up Companies

Chopup Omnidrone Piranha Games Nazara Techonologies Witching Hour Studios Touchten Games Steel Wool Studios Playsnak

Key Topics Covered

Chapter 1: Executive Summary

Chapter 2: Introduction

Chapter 3: Global Digital Gaming Market Overview

Chapter 4: Global Digital Gaming Market Segmentation - by Regions

Chapter 5: Global Digital Gaming Market Segmentation - by Platform

Chapter 6: Global Digital Gaming Market Segmentation - by Revenue Models

Chapter 7: Global Digital Gaming Market Segmentation - by Genres

Chapter 8: Major Digital Gaming Segmentation - by Regions

Chapter 9: Global Digital Gaming Spend Analysis

Chapter 10: Competitive Landscape

Chapter 11: Gaming Start-up Firms

Chapter 12: Market Share of Companies

Chapter 13: Conclusion

Chapter 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/mg2mvr/global_digital?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005826/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Gaming

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/24/2018 01:29 PM/DISC: 07/24/2018 01:29 PM

http://www.businesswire.com/news/home/20180724005826/en

AP RADIO
Update hourly