DALLAS, May 16, 2019 (GLOBE NEWSWIRE) — According to a new market report published by Lucintel, the future of the future of the global video game market looks promising with opportunities in the smartphones, tablets, PCs, and consoles market. The global video game market is expected to reach an estimated $179.1 billion by 2024 with a CAGR of 6.4% from 2019 to 2024. Mobile and online distribution of games is driving the growth of video game industries.
Browse 96 market data tables and 105 figures spread through 207 pages and in-depth TOC on “Global Video Game Market”
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In this market, different types of video game such as shooter, action, sports, role-playing, adventure, racing, strategy, and others are used as genre. On the basis of its comprehensive research, Lucintel forecasts that the shooting game will remain the largest segment due to increasing interest towards action packed video games across all age groups. Constant improvement in graphics quality which provides real life like mission is driving the market for shooting games.
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Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing smartphone users and rapid internet growth in the emerging nations.
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Emerging trends, which have a direct impact on the dynamics of the video game industry, include development of augmented reality (AR) and virtual reality (VR) based head mounted displays (HMD) and heads-up display (HUD) products and development of games for academic and skill development. Sony, Tencent, Microsoft, Netease, Activation Blizzard, Goggle, Electronic Arts, Nintendo, and Bandai Namco and others are among the major video game manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global video game market by device type, genre type, platform type, gamer type, age group, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Video Game Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
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