Gaming Simulator Market 2020: Challenges and Frontiers of Growth

The global gaming simulator market is anticipated to generate a revenue of $13,378.2 million by 2026, surging from $4,320.0 million in 2018 at a promising rate of 17.2% during the forecast period, according to a recent report by Research Dive. The extensive report offers a brief outlook on the current landscape of the market including other facets such as growth factors, market dynamics, restraints, challenges, and various opportunities during the forecasted period. The report also features all the market statistics making it easier and helpful for the new entrants to understand the market.

Primary Segments

The report has analyzed the market on the basis of component, type, end-use, and geographical outlook. Based on component, the report divides the market into software and hardware. Based on type, the market is bifurcated into shooting, fighting, and racing. Based on end-use industry, the report further divides the market into commercial and industrial.

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Growth drivers and restraining factors of the market

The factors attributed to the growth of the market include performance improvement, greater player experience, rising acceptance of gaming zones, emergence of gaming as one of the prominent means of entertainment, and growing number of virtual training solutions.

Lower market product penetration in the middle-east and developing countries are going to restrict the growth of the global gaming simulators industry, according to the report.

Opportunities in the gaming simulator market

The gaming industry across the world is witnessing growing adoption of Free2Play games. Cost -effective, social interactions, unobstructed play, competition, and economic rationale are some of the key factors attracting gamers across the globe. These games also have great graphics and the best multiplayer action. Free up-gradation of new maps and weapons along with artificial scarcity and alterations of content makes this game quite popular. These factors are creating umpteen opportunities for the global gaming simulator market throughout the forecast period.

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Software segment is going to be lucrative

The software segment is expected to surpass $7,381.5 million by 2026, rising from $1,944.0 million in 2018 during the forecast period. Comprised of multiple additional functionalities, attractive interface, these software are typically free and open-source which are driving the growth of the market segment.

Shooting segment is to be the highest growing

Shooting segment is anticipated to garner a revenue of $4,398.2 million during the forecast period. The significantly rising popularity of the FPS (first-person shooter) is one of the key factors for the growth of the shooting segment.

Commercial segment is going to be the most profitable

This segment is expected to generate a revenue of $7,996.6 million by 2026, during the forecast period.

North America is to dominate the market

North America is going to generate a revenue of $5,382.4 million by 2026 at a significant CAGR of 16.4%. The main reason being the strong presence of key manufacturers of gaming simulators such as JUEGO STUDIO Pvt. Ltd in the region.

Leading Market Players

According to the report, the leading players of the gaming simulator market are Sony Interactive Entertainment Inc., D-BOX TECHNOLOGIES INC., Hammacher Schlemmer & Company, Inc., Villers Enterprises Ltd, CXC Simulators, Vesaro, Playseat B.V., AeonSim, Eleetus., and RSEAT Ltd.

Mr. Abhishek Paliwal
Research Dive
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About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.