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Digital PC Games Market 2024 - Growth Factors, Business Developments, Industry Segmentation, Future Technologies And Outlook By 2033
Digital PC Games Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Digital PC Games Market Report Structure
3. Digital PC Games Market Trends And Strategies
4. Digital PC Games Market - Macro Economic Scenario
5. Digital PC Games Market Size And Growth
…..
27. Digital PC Games Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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