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Global Digital Gaming Market to Expand 15.7% CAGR till 2023

Global Digital Gaming Market

Global Digital Gaming Market

New York April 17, 2019 : Research on Global Markets has announced the addition of a new market research report titled “Global Digital Gaming Market (2018–2023)” to their offering. According to the new report, the global digital gaming market is predicted to expand a significant 15.7% on a compound annual growth rate (CAGR) basis to reach a value of USD 264.9 Bn by 2023. The considerable expansion of the global digital gaming market can be attributed primarily to the growing number of active gamers across the world, increasing internet and smartphone penetration, and the emergence of new technologies that enhance gaming experiences.

According to the report, the global digital gaming market is primarily segmented on the basis of platform. In terms of platform, mobile gaming is the largest based on popularity and market share. The segment is expected to expand at the highest CAGR of 23.1% during the 2018-2023 period, leading to a global revenue of USD 165.3 billion by 2023. The positive outlook on the mobile gaming segment is mainly due to the ease in use of mobile phones and the affordability of the feature-rich smartphones coupled with a reasonably good internet connection in most of the regions across the globe. The expansion of the mobile gaming has somewhat relegated PC gaming to the sidelines, and the segment is expected to capture a mere 11% market share by 2023, according to Research On Global Markets.

The report also features the performance of the global digital gaming market across the key geographies of North America, Latin America, Asia-Pacific, Europe, Middle East and Africa. Asia-Pacific is currently the largest regional market for digital gaming, and is expected to generate USD 137.8 Bn revenue by 2023, exhibiting the highest CAGR of 17.5% during the forecasted period. The revenue contribution by Latin America is expected to be USD 6.9 billion by 2023. The EMEA region is expected to capture a market share of 22.0% by 2023.

Key highlights of this report:

• Scope and segmentation of the market
• Global market overview - historical and forecasted market size
• Drivers of the market
• Trends prevailing in the market
• Challenges affecting the market
• Value chain analysis
• Overview of the regional markets
• Analysis of the market segments – based on platforms

The report has included some of the key players operating in the global digital gaming market such as Activision Blizzard, Electronic Arts, Take-Two Interactive, Ubisoft, Zynga, Nintendo, GungHo Online, NCSoft, Sony Corporation, Microsoft Corporation, and others.

To know more about the global digital gaming market, click here to download the sample Visit@ https://www.researchonglobalmarkets.com/global-digital-gaming-market.html

About Research On Global Markets:
Owned by Netscribes, Research on Global Markets draws from the company’s vast experience in market research and intelligence. For any queries related to our products and services, feel free to get in touch with us at support@researchonglobalmarkets.com.

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Research On Global Markets
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