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Social Gaming Market size to Have A Promising Future Ahead!

07-12-2019 12:43 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Social Gaming Market size to Have A Promising Future Ahead!

Global Market Insights, Inc. added research on Social Gaming Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/2608

The social gaming market is growing at a rapid pace on account of the increasing adoption of advanced gaming technologies, rising income levels, low cost of games, increase in online content, and digital distribution, which allow users to download the content on their systems. Popular social gaming genres such as social casino is likely to drive the market growth during the forecast period due to the increasing social gaming traffic. Furthermore, penetration of cloud-based applications and availability of devices that provide augmented reality gaming experiences also open new avenues for the market.

The key challenges for the social gaming market growth such as lack of funding, poor internet infrastructure, and increasing piracy need to be addressed. Also, restrictions on the usage of social media websites in some countries are likely to hamper the market growth. Moreover, other factors hindering the growth are the platforms that lack stringent age verification process and conversion of social gamers to real money gamblers.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2608

The well-established and emerging economies in the Asia-Pacific region are majorly contributing to the social gaming market growth. Major growth determinants of the market include growing young population, rising per capita expenditure, and the emergence of new technologies such as 3D modeling and virtual reality. These technologies offer an extraordinary experience to the gamers.

Economies including India, China, South Korea, and Japan are expected to open new avenues for local and foreign mobile game investors during the forecast timeline. For instance, in January 2018, a Chinese gaming company AGTech in partnership with Paytm launched Gamepind, a mobile gaming platform. Gamepind acts as a marketing platform for merchants to engage with mobile shoppers and casual gamers.

North America is expected to dominate the social gaming market due to the high adoption rate of games, strong internet infrastructure, and connectivity. The presence of global key players in this region and their continuous efforts to provide best gaming platforms will boost the social gaming market.

Browse Full report: https://www.gminsights.com/industry-analysis/social-gaming-market

Some of the key players operating in the social gaming market are Microsoft, Nintendo, Rovio Entertainment, NVIDIA, Valve Corporation, PlayJam, Playdom, Bluestack Systems, Gameloft, and Sony. These companies are largely focusing on strategic alliances and product differentiations to strengthen their position resulting in overall growth of the social gaming market. For instance, in April 2018, Scientific Games launched online sports betting platform for Szerencsejáték Zrt., a gaming service provider in Hungary.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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