Press release
Global Digital Games Market to be Worth USD 272.24 Billion by 2022
Latest report by Netscribes highlights robust growth in the global digital games market, despite challengesNew York, February 14 2018 – Netscribes, Inc., https://www.netscribes.com a global market intelligence firm, released its 'Global Digital Gaming Market report' https://www.researchonglobalmarkets.com/global-digital-games-market-2014-2022.html today. According to Netscribes, the global digital gaming market will grow at an overall compound annual growth rate (CAGR) of 18.98 percent and will be worth USD 274.24 billion by 2022.
A worldwide increase in demand for digital games can be attributed to an improved global economy, higher disposable income, proliferation of internet and smartphones, and rise in gamers across the world. However, political unrest, challenging economic conditions, government restrictions, slow internet speeds and low smartphone penetration are some of the major barriers to the growth of the digital gaming market.
Despite these challenges, there is optimism regarding growth in the global digital games market. The industry is booming with some established players like Activision Blizzard, Electronic Arts and Ubisoft earning huge revenues and profits through their games. Some of them are also focusing on mobile games for further expansion into the largest segment of global digital games market. Game-developing startups are also trying to enter this high revenue market. These new entrants will further contribute to the development of the digital games market.
Key highlights:
1. Mobile gaming is the largest segment, occupying the highest share of the overall digital gaming market. It is followed by PC gaming and then by console gaming. The overall market trend indicates a shift towards more digital purchases for games.
2. For gaming companies to stay relevant and compete better, development of old games, strengthening customer relationships, expanding into mobile platforms, augmented reality and virtual reality will be crucial.
3. The top five companies hold nearly half of the overall gaming console market; the top ones being Sony and Microsoft.
For more information, download the Netscribes 'Global Digital Gaming Market report' https://www.researchonglobalmarkets.com/global-digital-games-market-2014-2022.html.
Netscribes offers custom market research solutions based on specific business needs. To request for custom research contact info@netscribes.com.
About Netscribes
Netscribes is a global market intelligence and content management firm with services across the research and information value chain. Netscribes provides tactical and actionable insights to its clients and enables effective decision-making and strategic implementation. For more information, visit www.netscribes.com.
Alina Lewis
alina.lewis@netscribes.com
022-40987689
- Netscribes (India) Pvt Ltd.
- Office No. 504, 5th Floor, Lodha Supremus
Senapati Bapat Marg, Railway Colony, Lower Parel, Mumbai - 400 013, Maharashtra, India
- Alina Lewis
- marketing@netscribes.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Digital Games Market to be Worth USD 272.24 Billion by 2022 here
News-ID: 942372 • Views: …
More Releases from Netscribes (India) Pvt Ltd.
Netscribes survey reveals Walmart top choice for online grocery shopping
Recent survey by Netscribes reveals online shopping habits and preferences of US FMCG consumers
March 14, 2019, New York – Netscribes, www.netscribes.com a global market intelligence and content management firm, today announced the findings of its survey in the whitepaper: What online FMCG consumers want? - 2019 US Consumer Survey. "https://www.netscribes.com/Knowledge-Center/What-online-FMCG-consumers-want-2019-US-Consumer-Survey.php" The whitepaper takes a closer look at how consumers in the US shop for FMCG products across e-commerce platforms to…
Netscribes Opens Entity in Singapore
In addition to India and the US, Netscribes has now set up a subsidiary in the Lion City as part of its Asia-Pacific expansion strategy
New York, September 6, 2018: Netscribes, Inc., www.netscribes.com a global market intelligence and content services company, today announced the opening of its entity in Singapore, Netscribes Global Pvt. Ltd. With this new location, Netscribes gains the ability to better offer its research and insights-based services to…
Case Study: Global Insurance Provider Develops a Winning Marketing Strategy by M …
NEW YORK–(BUSINESS WIRE)"https://www.businesswire.com/portal/site/home/" – The health of a brand is determined by its position in the market. Measured by how it ranks in terms of top-of-mind awareness, perceived value, and favorability, among others; it helps marketers steer the brand in the right direction before it’s too late. But when it
This was the challenge facing one of the world’s leading insurance companies that offers medical and dental insurance products and services…
Case Study: Visual Effects Service Provider creates their R&D Roadmap using Nets …
New York – June 4, 2018 – In a rapidly-evolving technology landscape, disruption is pervasive. Businesses need to stay agile by constantly exploring and implementing new capabilities. To do so, understanding emerging technologies and their potential implications is a must.
Carrying out a comprehensive technology assessment study can provide a clear view of the innovation and technology market trends within a business’s focus sectors. Such a study involves an analysis of…
More Releases for Digital
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market
Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from…
Digital Package Market Size by Analyzing Historical Data, Future Prospect and Ke …
Global Digital Package Industry 2019-2025 Market Research Report explores an in-depth insight of Digital Package Market covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. This in-depth market report, which is updated every year, provides all you need to know about the global Digital Package market. The report includes the market volumes for Digital Package present and latest news and updates about the market situation.Digital…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
Top Key Players like Digital Brand Architects, Marketing Factory Inc., Digital A …
Digital Marketing Strategy is the series of actions that help you to achieve your company goals through carefully selected online marketing channels. These channels include paid, earned, and owned media, and can all support a common campaign around a particular line of business. Here we include some digital marketing strategies that can help to grow business in future: Setting a Goal, Creating a Marketing Funnel, Developing a call-to-action, creating an…
Digital Video Recorder Market - Digital Technology With The Adoption of Digital …
A digital video recorder (DVR) is an electronic device that records video in a digital format to a hard disk drive (HDD), solid state drive (SSD), USB flash drive, SD card, or other mass storage devices. Digital video recorders include set-top-boxes, television sets, personal computers, camcorders, and media players with recording capability. Digital video recorders are used mainly for entertainment and security and surveillance applications. Fast data retrieval, less storage…
