A recent report on Digital Gaming Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Digital Gaming Market is valued at USD 135.85Billion in 2018 and expected to reach USD 391.42Billion by 2025 with the CAGR of 16.32% over the forecast period.
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Scope of Global Digital GamingMarket Report-
A digital game is a program which is designed to provide interactive experience to the player for both educational as well as commercial purposes. Virtual environment provided by the digital games do not limit players by physical space or by hands on access, rather it encompasses large spectrum of cultural and media activities based on digital technologies. The latest technologies have provided new levels to digital gaming by integrating different features for instance, voice recognition, 3D gaming, GPS tracking and many more to provide players with real life experiences. The high speed internet and various other network technologies have provided players with high quality gaming with live streaming. Digital games are designed to play with digital electronic device such as a computer, videogame console, mobile device or interactive television. It is an interactive platform one or more players intended to offer a virtual environment and user-controlled experience for entertainment as well as educational purpose. Additionally, it enables users to experience immersive and digital form of games based out of real life and imaginary situations. Key digital game providers focus on development of advanced products to facilitate the trend of online gaming.
The regions covered in this digital gaming market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of digital gamingis sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Digital GamingMarket Report-
Digital Gamingmarket report covers prominent players like QIAGEN, Quidel Corporation, Roche Holding AG, Hologic, Inc., Primerdesign Ltd., Abbott Laboratories, Cosara Diagnostics Pvt. Ltd., Thermo Fisher Scientific, AlphaBiolabs Ltd. Cepheid Inc., and others.
News-
Tencent Looks to Leverage its Partnership with Nintendo in the U.S.
November 10th, 2019; China’s Tencent Holdings Ltd., the world’s largest videogame company by revenue, is looking to make more console games for U.S. consumers by leveraging its partnership with Japan’s Nintendo Co. Tencent, which has stakes in Epic Games and Activision Blizzard (ATVI), does not have a notable direct presence in U.S. console games, a prime target for growth. Company hope to create console games with Nintendo characters, and learn the essence of making console games from Nintendo engineers.
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Global Digital GamingMarket Dynamics –
Growing digital gaming demand from the social, casual and core gamers and preference for paymium and freemium subscription models are some of the major factors driving the growth of market. In addition, increasing penetration of the portable gaming devices such as smartphones and tablets is also supplementing the growth of the market. In 2020, the number of smartphone operators in the world is 3.5 billion, which translates to 45.04% of the world’s population owning a smartphone. Furthermore, growing audience of gaming especially youngsters is fostering the demand for the digital gaming. However, increasing concern about high level of piracy situations and lag in network connectivity may hinder the market growth. Moreover, rising adoption of live streaming and e-sports is expected to create lucrative opportunity for the further growth of digital gaming market in the coming few years.
Global Digital GamingMarket Regional Analysis–
Asia Pacific is expected to dominate the global digital gaming market with the potential rate in terms of revenue due to increasing number of gamers, rising disposable income and technology innovation in this region. In addition, increasing disposable income in the developing countries such as India and China is also expected to fuel the growth rate of digital gaming market.
North America is anticipated to grow at a highest CAGR over forecast period due to presence of key market players and high consumer base as the people in the region. In addition,the players present in U.S. are trying to capture the market in the emerging economies due to less competition present and increasing young population in countries such as Vietnam and India.
Key Benefits for Global Digital Gaming Market Report–
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Global Digital GamingMarket Segmentation:–
By Distribution Channel: (Retail, Digital)
By Game Subscription Model: (Premium, Paymium , Freemium)
By Platform: (Flash, IOS, Android, Social Network)
By Audience: (Social Gamer, Serious Gamers , Core Gamers)
By Device: (Mobile, Console, PC)
By Regional & Country Analysis: (North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
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