Global Video Game Software Market Drivers, Trends and Restraints 2022-2031
Business Research Company Video Game Software Market 2022 – Opportunities and Strategies – Global Forecast to 2030
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According to the “2022 Global Video Game Software Market Report” by The Business Research Company, the video game software market size is expected to reach a value of $167,220.2 million in 2019, after growing at a compound annual growth rate (CAGR) of 13.0% since 2015 The market is expected to grow from $167,220.2 million in 2019 to $166,439.7 million in 2020 at a rate of -0.5%. The decrease is mainly due to the confinement and social distancing standards imposed by various countries and the economic slowdown in all countries due to COVID-19. The market is then expected to recover and grow at a CAGR of 11.0% from 2021 and reach $223,277.1 million by 2023. The market is expected to reach $274,458.3 million by 2025 and reach $452,628.1 million by 2030. Cross-platform publishing and games are expected to drive the video game market over the forecast period.
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Major trends in the video game software market
Video game software developers are increasingly offering streaming video game services to take advantage of emerging 5G and cloud computing technologies.
Overview of the video game software market
The video game software market includes sales of video game software and related services by entities (organizations, sole proprietorships, and partnerships) that produce video game software, including companies involved in the design, documentation, installation and support services, production and distribution of video games. Companies in this industry undertake operations such as designing, developing, publishing, distributing, and monetizing video game software across various platforms including PC, browser, smartphone, tablet, and console.
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TBRC’s Global Video Game Software Market Report 2022 covers the following information:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
Segmentation of the video game software market
• By type: PC games, browser games, smartphone/tablet games, console games
• By type of transaction: physical, online/microtransaction, digital
• By type of genre: action, shooter, adventure, role-playing, strategy, combat, sport, racing, other
• By Geography: The global video game software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major Market Players like Tencent Holdings Ltd., Nintendo Co., Ltd., Sony Corporation, NetEase Inc., Microsoft Corporation
Trends, opportunities, strategies and much more.
The Global Video Game Software Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides Global Video Game Software Market Analysis, Global Video Game Software Market Forecast and Overview of the global video game software market. Market report analyzes Global Video Game Software market size, Global Video Game Software market growth drivers, Global Video Game Software market segments, Global Video Game Software market major players , Video Game Software market growth in all geographies, and Video Game Software market competitor revenue and revenue. market positioning. The Video Game Software market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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