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Gaming Galore: Digital PC Games Transform Entertainment by 2024- Discusses how digital PC games are transforming entertainment experiences and offering a plethora of gaming options.

05-15-2024 02:32 PM CET | IT, New Media & Software

Press release from: The Business Research Company

Gaming Galore: Digital PC Games Transform Entertainment

The digital pc games market size has grown rapidly in recent years. It will grow from $11.99 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to digital distribution platforms, internet connectivity, convenience and accessibility, regular updates and patches.

The digital pc games market size is expected to see rapid growth in the next few years. It will grow to $22.98 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to expanding library and backlogs, emerging markets, live services and microtransactions, cloud gaming. Major trends in the forecast period include digital distribution dominance, cloud gaming services, epic games store and competition, subscription services.

Market Overview -
A digital PC game is an interactive game for one or more players that is played with the assistance of a personal computer.

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Rising Demand For Digital Distribution Fuels Growth In The Pc Games Market
The increasing demand to avail PC games digitally is contributing to the growth of the market. The advantages of convenience, cross-buying, and easy storage provided by digital distribution impel players to access PC games digitally. The gamers can get pre-loaded games when they are pre-ordered and will have immediate access to the games the moment they are launched in the market. According to a survey conducted by GameIndustry.biz along with Ipsos, 30% of respondents considered buying digitally due to the low price that was being offered, and 20% bought them for a discount. 15% responded that they will have access to the games as soon as they see them on any other platform, and 7% responded that they would pre-order to get access to the games when they are launched in the market. The increasing demand for digital distribution will drive the digital PC game market.

Competitive Landscape -
Major companies operating in the digital pc games market include Tencent Holdings Limited, Ubisoft Entertainment SA, King Digital Entertainment Limited, Activision Blizzard Inc., Zynga Inc., GungHo Online Entertainment Inc., Microsoft Corporation, Sony Corporation, Nintendo Co. Ltd., Electronic Arts Inc., Amazon Game Studios Inc., ArenaNet LLC, Behaviour Interactive Inc., Bethesda Softworks LLC, BioWare Corp., Bungie Inc., Capcom Co. Ltd., CD Projekt Red SA, Cloud Imperium Games Corporation, Cryptic Studios LLC, Daybreak Game Company LLC, Digital Extremes Ltd., Epic Games Inc., Firaxis Games Inc., Frontier Developments plc, Gearbox Software LLC, Hi-Rez Studios LLC, id Software LLC, Infinity Ward Inc., Jagex Limited, Klei Entertainment Inc., Konami Digital Entertainment Co. Ltd., MachineGames Sweden AB, Mojang Studios AB, Naughty Dog LLC, NetEase Games, Niantic Inc., Ninja Theory Ltd., Obsidian Entertainment Inc., Phoenix Labs Inc., Psyonix Inc.

Cloud Gaming Revolutionizes The Digital Pc Game Market
The emergence of cloud gaming is a major trend in the digital PC game market. Cloud gaming is a disruptive platform where the provider runs the game on its servers and then streams back the display and expands the users for premium games. The advantage of streaming games from the cloud is that it increases the number of users for digital PC games as it eliminates the need for upgrading hardware. For instance, in September 2022, M1 Limited, a Singapore-based telecommunications company, announced the launch of Zolaz, a cloud gaming subscription service that allows customers to play anywhere, at any time, and on any device. Zolaz offers an 'all-you-can-play' on-demand gaming experience to both mid-core and casual gamers. Subscribers will have instant and unlimited access to over 400 high-quality PC and console titles, including those from AAA publishers. Zolaz registration is available to MI customers both online and through the My MI App. The cloud gaming subscription costs SGD 14.98/month with no contract.

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Key Segments -

The digital pc games market covered in this report is segmented -
1) By Game Subscription Model: Premium, Freemium
2) By Platform: Windows, IOS, Other Platforms
3) By Audience: Social Gamer, Serious Gamers, Core Gamers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

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The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

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