NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global gaming software market size is estimated to grow
by USD 50.1 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 6.07% during the forecast
period. Revolutionary improvements in gaming
engines is driving market growth, with a trend
towards growing popularity of esports. However, high
capital requirement poses a challenge. Key market players
include Activision Blizzard Inc., Aristocrat Leisure Ltd., AT and T
Inc., Bandai Namco Holdings Inc., Capcom Co. Ltd., Daybreak Game
Co. LLC, Electronic Arts Inc., Epic Games Inc., Konami Group Corp.,
Krafton Inc., Microsoft Corp., Nintendo Co. Ltd., Playtika Holding
Corp., Roblox Corp., Sega Sammy Holdings Inc., Sony Group Corp.,
Take Two Interactive Software Inc., Tencent Holdings Ltd., Ubisoft Entertainment SA,
and Unity Software Inc..
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Get a detailed analysis on regions, market segments, customer
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Mobile games,
Console games, and PC games), Revenue Stream (Box/CD game,
Shareware, Freeware, and In-app purchases), and Geography (APAC,
North America, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Activision Blizzard
Inc., Aristocrat Leisure Ltd., AT and T Inc., Bandai Namco Holdings
Inc., Capcom Co. Ltd., Daybreak Game Co. LLC, Electronic Arts Inc.,
Epic Games Inc., Konami Group Corp., Krafton Inc., Microsoft Corp.,
Nintendo Co. Ltd., Playtika Holding Corp., Roblox Corp., Sega Sammy
Holdings Inc., Sony Group Corp., Take Two Interactive Software
Inc., Tencent Holdings Ltd., Ubisoft Entertainment SA, and Unity
Software Inc.
|
Key Market Trends Fueling Growth
The global gaming software market is experiencing growth due to
the increasing popularity of eSports tournaments. These events
feature professional gamers competing in multiplayer video games
for large audiences, both in-person and online. The rise in the
number of hosting associations, such as the International eSports
Federation and the World Esports Association, is driving the
frequency of these tournaments and attracting more gamers.
Intellectually-owned games like Counter-Strike and DotA 2 from
Valve, Call of Duty from Activision Blizzard, and Pubg from
Tencent are major solutions gaining
popularity in these events. Sponsorship from established technology
innovators and substantial prize pools are also contributing to the
market's revenue growth.
The gaming software market is experiencing significant growth
with various programs, consoles, and devices coming into play.
Computer games, programming software, and consoles are popular
trends. The use of technology such as Virtual Reality and Augmented
Reality is gaining momentum. Devices like tablets and smartphones
are also utilized for gaming. Consoles like PlayStation and Xbox
are leading the market. Gamification and cloud gaming are emerging
trends. Consoles offer high-definition graphics and immersive
experiences. Programming software allows game development. Devices
offer portability and convenience. The market is competitive with
companies constantly releasing new and innovative products.
Consumers are always on the lookout for the latest gaming
technology.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The global gaming software market is experiencing significant
growth due to the increasing demand for high-end games with
advanced features and designs. This capital-intensive industry
requires substantial investments in research and development to
meet gamer expectations for constant performance improvements.
Costs include the use of product-modeling software, hiring
specialized artists, and marketing strategies. New vendors focus on
mobile games, which have high development costs and long production
times, acting as entry barriers.
- The gaming software market faces several challenges in the
current legends of tech. One major challenge is the need to develop
games that run smoothly on various devices and operating systems,
such as consoles, PCs, and mobiles. Another challenge is the
increasing demand for high-definition graphics and realistic
gameplay, which requires advanced technology and significant
resources. Additionally, the market is becoming increasingly
competitive, with numerous game developers and publishers vying for
market share. Furthermore, the rapid evolution of technology brings
new trends and consumer expectations, requiring continuous
innovation and adaptation. Finally, the need to ensure security and
privacy in gaming platforms is a significant challenge, as cyber
threats continue to evolve.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This gaming software market report extensively covers market
segmentation by
- Type
- 1.1 Mobile games
- 1.2 Console games
- 1.3 PC games
- Revenue Stream
- 2.1 Box/CD game
- 2.2 Shareware
- 2.3 Freeware
- 2.4 In-app purchases
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Mobile games- The global gaming software
market consists of various mobile game categories, including casual
games, strategy games, role-playing games (RPGs), simulation games,
adventure games, sports games, and multiplayer online battle arena
(MOBA) games. Casual games, such as puzzle games and match-three
games, are popular for their simplicity and accessibility. Strategy
games require planning and resource management, while RPGs offer
immersive narratives and character progression. These diverse
genres contribute to the market's growth during the forecast
period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The gaming software market encompasses a wide range of
applications designed for various devices and platforms. These
include computer programs for Personal Computers (PCs) and Browser
Games, as well as Mobile Gaming Software for Smartphones and
Tablets. Video gamers also have the option of Console Games on
Gaming Consoles, which may require specialized Game Engines and
Graphics Software for optimal performance. The industry continues
to evolve with the integration of Cloud Gamification, Multiplayer
Services, and emerging technologies like Augmented Reality (AR) and
Virtual Reality (VR). Development tools are essential for creating
new games and experiences within this dynamic sector. Online
platforms serve as hubs for competitive gaming and social
interaction among players, while Mobile Data and Internet Platforms
enable seamless access to gaming content on the go.
Market Research Overview
The gaming software market encompasses a wide range of
applications designed to enhance the gaming experience for users.
These software solutions include graphics engines, game development
tools, virtual reality platforms, and streaming services. The
market is driven by the increasing popularity of gaming,
advancements in technology, and the growing demand for immersive
gaming experiences. Gamers seek software that offers superior
graphics, smooth performance, and innovative features.
Additionally, the market is witnessing the rise of cloud gaming,
which allows users to access games on various devices without the
need for high-end hardware. The gaming software market is expected
to continue its growth trajectory in the coming years, offering
significant opportunities for developers and investors alike.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Mobile Games
- Console Games
- PC Games
- Revenue Stream
-
- Box/CD Game
- Shareware
- Freeware
- In-app Purchases
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio