Press release
Gaming Software Market Size Expected to Garner $301.5 Billion by 2032 | Major Key Players - Electronic Arts Inc., Sony Corporation, Valve Corporation, GAMELOFT, Bethesda Softworks LLC., Nintendo Co., Ltd., Activision Blizzard, Inc.
The global gaming software industry is experiencing significant growth propelled by various factors. The commercialization of 5G technology stands out as a key driver, particularly impacting mobile gaming by enabling cloud gaming for mobile users and delivering console-level graphics. Moreover, a surge in the number of gamers and the rising popularity of immersive and competitive gaming on mobile devices contributes to the market's expansion. The increased adoption of cloud gamification and the enhancement of cross-platform gaming experiences present promising opportunities for market players.
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The global gaming software market generated $127.1 billion in 2022, and is anticipated to generate $301.5 billion by 2032, witnessing a CAGR of 9.3% from 2023 to 2032.
Electronic Arts Inc., Sony Corporation, Valve Corporation, GAMELOFT, Bethesda Softworks LLC., Nintendo Co., Ltd., Activision Blizzard, Inc., Rockstar Games Inc., Nvidia Computer Game Company, Nexon Co, Ltd.
The smartphone/tablet games sub-segment emerged as the dominant force in the global gaming software market, holding a substantial share of 36.9% in 2022. This sub-segment is expected to lead the market, growing with a CAGR of 11.2% in the forecast period. The preference for smartphone and tablet games is mainly due to their portability, ease of game downloads, and the surge in popularity during the COVID-19 pandemic, where people sought immersive gaming experiences while staying at home. Additionally, the integration of emerging technologies like Augmented Reality (AR), Virtual Reality (VR), and cloud gaming further fueled the growth of this segment.
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In 2022, the North America region dominated the global gaming software market, holding a major share of 39.7%. The widespread use of mobile devices, including smartphones, and the availability of affordable data plans fueled the region's gaming software market. North America's dynamic and thriving gaming industry, enriched by a strong gaming heritage, robust e-sports events, and a massive player base, showcased the region's resilience and adaptability to evolving technology and consumer preferences.
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The box/CD game sub-segment held the major share of 30.5% in 2022, and is expected to dominate the market by holding a market share of 36.3% by 2032. The enduring popularity of box/CD games is attributed to their reliable gaming experience without the need for constant internet connectivity. This appeals to individuals in areas with unreliable or limited internet access, ensuring uninterrupted gameplay even when online servers face disruptions.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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