Press release
Video Game Software Market: Rapid Growth and Key Trends, Prospects to 2029
Video Game Software Market Outlook
What Is The Projected Market Size Of The Global Video Game Software Market And Its Growth Rate?
• The video game software market size was $269.01 billion in 2024 and is projected to reach $304.33 billion in 2025, growing at a CAGR of 13.1%.
• The growth in the historic period was largely due to in-game purchases and freemiums, live streamers and gaming influencers, a surge in smart phone users, and an increase in disposable income.
• The market size is expected to grow to $497.57 billion in 2029 at a CAGR of 13.1%.
• The growth in the forecast period can be attributed to increasing use of the internet, shifting preference towards digital games, cross-platform publishing and play, technologically advanced platforms, and increasing engagement of gamers.
What Is Driving The Growth In The Video Game Software Market?
The video game software market growth is primarily driven by rapid economic growth in emerging markets. For instance, a UK-based government agency, the Office for National Statistics, projected UK's GDP to have grown by 0.1% in 2023, following a robust increase of 4.3% in 2022. Recovering commodity prices following a significant decline in the historic period is further expected to aid market growth. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in end-user markets, driving the market during the forecast period. Therefore, rapid growth in emerging markets will drive the video game software market.
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Who Are the Key Players Driving Video Game Software Market Growth?
• Tencent Holdings Ltd.
• Nintendo Co.Ltd.
• Sony Corporation
• NetEaseInc.
• Microsoft Corporation
• Activision BlizzardInc.
• Electronic Arts Inc
• Ubisoft Entertainment SA
• Square Enix Holdings Co.Ltd.
• Konami Holdings Corporation
What Are The Key Trends In The Video Game Software Market?
• Integrating AR and VR technologies
• Focus on in-game advertising
• Providing free access to games with certain main features in paid versions
• Offering game software services on the cloud with pay-per-usage payment models
• Offering streaming video game services
• Investing in developing new as well as updating existing software, which is compatible with the latest gaming consoles
What Are The Segments Of The Global Video Game Software Market?
• By Type: PC Games, Browser Games, Smart Phone/Tablet Games, Console Games
• By Genre: Action, Adventure, Role Playing, Simulation, Strategy, Sports, Shooter, Fighting, Racing, Other Genres
• By Type Of Transaction: Physical, Online/Microtransaction, Digital
Which Region Leads The Video Game Software Market?
Asia-Pacific was the largest region in the global video game software market in 2024. North America was the second largest. The regions covered in the video game software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Video Game Software Market Global Market Report?
- Market Size Analysis: Analyze the Video Game Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Video Game Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Video Game Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Video Game Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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