Digital Gaming Market to Grow $436.1 Billion by 2027: at 16.5% CAGR

ReportCrux Market Research has published a new report titled “Digital Gaming Market by Gaming Platform (Android, iOS, Flash and Others); by Device (Mobile, Tablet, Laptop, Computer and Console Unit); by Gaming Audience (Serious Gamers, Social Gamers, and Core Gamers); by Subscription Model (Paymium, Premium and Freemium), and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.

Get a Sample Copy of the Report – https://www.reportcrux.com/request-sample-report/Digital-Gaming-Market

Market Size 2019-2027:

Global demand for digital gaming market was valued at approximately USD 129.0 Billion in 2019 and is expected to generate revenue of around USD 436.1 Billion by end of 2027, growing at a CAGR of around 16.5% between 2020 and 2027.

Market Analysis and Overview: Global Digital Gaming Market

Digital gaming is an interactive platform for one or more players which is designed to provide a virtual world and user-controlled entertainment, and educational experience using modern electronic devices like videogame consoles, computers, mobile devices, interactive TV, and others. Digital gaming allows users to explore the interactive and digital dimension of real-life, and fictional scenario based games. These games are played either online or individually. Core industry players in this industry are concentrating on creating innovative products to ease the online gaming epidemic.

The rising demand for advanced electronic devices, smart phones, and tablet due to its growing adoption rate has increased the penetration of internet among developing and developed economies, along with the technical advances in its production and the availability of low-cost technologies which is driving the demand digital gaming market globally. According to research conducted by an independent research company in the world's 110 largest countries, about 27% of the population were active game players in 2016 with almost 3 billion active internet users. Moreover, China alone has 180 million active game players that are nearly equal to the number of active players in the Western Europe. Rising disposable income is expected to boost the growth rate of the digital gaming industry in developing countries like India, and China. Greater disposable income allows the consumer to invest more money.

The emergence of high piracy circumstances, however, is expected to hinder the growth of the industry. However, growing adoption in under developed economies is offering a major opportunity for market expansion.

Regional and Country-level Analysis

By region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held almost 39% share of the overall market Events like eSports in the U.S. are supported by incredible regional Internet access. Asia-Pacific is a leading contributor to the global demand for digital gaming. By 2023, the contribution is likely to be almost USD 138 billion. Both Sony and Microsoft have programs open to independent developers and small studios for their console markets in Latin America which in turn is improving the console gaming market in this region.

Segmentation Analysis:

The global market for the digital gaming is segmented into gaming platform, device, subscription model, gaming audience, and region. Based on gaming platform, the market is segmented into Android, iOS, Flash and Others. The android, and iOS held major share of the market wherein android held almost 29% share of the market in 2019. Increased smart phone and tablet proliferation is giving a significant boost to the global gaming industry. Furthermore, advances in technology and ease of access to internet connectivity have provided an impetus to MMO and eSports genre live games.

Based on devices, the market is categorized into Mobile, Tablet, Laptop, Computer and Console Unit. The market for mobile gaming held almost 56% share of the market in 2019. Mobile gaming development can be attributed to the ease of cell phone use and the affordability of feature-rich smart phones combined with a relatively decent internet link in most regions around the world. The gamers have noticed over the years the ease that mobile gaming provides over PC games and console units, leading to its wide-ranging acceptance globally.

Based on the gaming model, the global market for digital gaming is segmented into Serious Gamers, Social Gamers, and Core Gamers. From this, social gamers market accounted for almost 31% share of the market in 2019. Increasing the usage of the Platform as a Service (PaaS) is the aim of various mobile gaming companies which is expected to help businesses develop games in a short time.

Based on subscription model, the market is categorized into Paymium, Premium and Freemium. The market for freemium subscription currently holds a major share of the market. Technology plays an important role in the digital gaming industry and due to the recent technical developments; many of the latest modern games are extremely lifelike, free and enticing to the users.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT on Digital Gaming Market

Major Key Players of 2020 Digital Gaming Market Report:

Major players in Digital Gaming market are NVidia Corporation, Electronic Arts, Inc. (EA), Microsoft Corporation, King Digital Entertainment Plc, Sega Games Co., Ltd., Sony Corporation, Kabam, Nintendo Co., Ltd., Zynga, Inc., Tapinator, Inc., among others.

The report segments of global Digital Gaming market are as follows:

By Gaming Platform

· Flash

· iOS

· Android

· Others

By Device

· Tablet

· Computer

· Laptop

· Mobile

· Console Unit

By Gaming Audience

· Social Gamers

· Serious Gamers

· Core Gamers

By Subscription Model

· Premium

· Paymium

· Freemium

Purchase this report (Price 2999 USD for a Single-User License) – https://www.reportcrux.com/buyNow/Digital-Gaming-Market

The report highlights in-depth quantitative as well as qualitative insights, historical data, and market size projections till 2027. It also gives a perspective on manufacturers, associations, specific organizations, industries, companies, and suppliers that work to expand their business worldwide. Value chain analysis of the industry is explained in detail this providing a clear view of key mediators involved. The report studies the global Digital Gaming market size from the company, major regions and countries, products type, end users and applications, background information, and also predictions to 2027.

In depth competitive landscaping, recent developments by competitors and product pipelines are covered in the report. Further, the report focuses on various strategies adopted by different key stakeholders with respect to product marketing. The consumption or sales revenue, consumption market share and its growth across the applicable regions is described in detail in the report. In addition, it also studies the sales channels and strategies that are adopted by different leading manufacturers.

Contact Us:

Name: Mr. Scott Mody

Email:sales@reportcrux.com

Website: https://www.reportcrux.com/

Phone: +1-888-526-5515 (US/Canada), +91 89561 57215 (India)