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Global Video Game Software Market 2022 | Growth Opportunities, Business Insights And Forecast To 2030
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According to The Business Research Company's video game software market report, the global video game software market reached a value of nearly $167,220.2 million in 2019, having increased at a compound annual growth rate (CAGR) of 13.0% since 2015. The market is expected to decline from $167,220.2 million in 2019 to $166,439.7 million in 2020 at a rate of -0.5%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 11.0% from 2021 ad reach $223,277.1 million in 2023. The market is expected to reach $274,458.3 million in 2025, and $452,628.1 million in 2030.
Cross-platform publishing and play games are expected to drive the market for video games in the forecast period. Companies in the PC games industry are launching cross-platform publishing and play games to make gaming more flexible for users. Cross-platform publishing gives players the ability to play the same video games on different platforms through progress retention. Similarly, cross-platform play is a characteristic of a video game that enables gamers to use different gaming platforms such as console, mobile and PC to play with each other simultaneously.
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The video game software market is segmented -
• By Type - Browser Games, PC Games, Smart Phone/Tablet Games, Console Games
• By Type Of Transaction - Physical, Online/ Microtransaction, Digital
• By Type Of Genre - Shooter, Adventure, Role Playing, Strategy, Fighting, Sports, Racing, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the video game software market.
Major competitors in the video game software market include Tencent Holdings Ltd, Nintendo Co., Ltd., Sony Corporation, NetEase, Inc, Microsoft Corporation
See The Full Video game software market Report Here:
https://www.thebusinessresearchcompany.com/report/video-game-software-market
The video game software market consists of sales of video game software and related services by entities (organizations, sole traders and partnerships) that produce video game software, including businesses that are involved in design, documentation, installation and support services, production, and distribution of video games. Companies in this industry undertake operations such as the design, development, publication, distribution, and monetization of video game software on various platforms including PC, browser, smart phone, tablet, and console.
The Table Of Content For The Video game software market Include:
1.Video Game Software Market Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.......
26.Key Mergers And Acquisitions In The Video Game Software Market
27.Market Background: Software Products Market
28.Video Game Software Market Future Outlook and Potential Analysis
29.Video Game Software Market, Conclusions And Recommendations
30.Appendix
The Business Research Company's "Global Video Game Software Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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