Zona de Azar USA – Video Game Market Size to Grow by 7.59%

USA.- September 30th 2022 www.zonadeazar.com The global video game market has been categorized as a part of the global leisure products industry within the global household durables market.

The parent market, the global leisure products market, covers a variety of categories, such as musical instruments, sports equipment, recreational vehicles, camping equipment, bicycles, toys, and other consumer-oriented games.

The market will be driven by factors such as growing memberships in health and fitness clubs, an increase in awareness about the benefits of a healthy lifestyle, a rising number of dual-income households, and strong growth in online sales.

However, some of the key issues faced by the global leisure products market include the threat from counterfeit products, stringent regulatory compliances for toy manufacturers, and increased trade barriers.

The video game market size is expected to grow by USD 73.62 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.59% during the forecast period, according to Technavio.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Video Game Market: Major Growth Drivers

The rising penetration of smartphones and improving internet access are driving the growth of the video game market. The number of mobile gamers has increased, especially in growing economies such as India and China due to the availability of high-end smartphones.

The use of large-screen mobile devices with high display resolutions for improves the gaming experience of users. The internet provides users with affordable access to multiplayer games, especially casual online games. Thus, improvements in internet access will drive the growth of the global video game market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Video Game Market: Major Segmentation

By platform, the mobile devices segment will be the largest contributor to market growth during the forecast period. This growth is attributed to factors such as the increasing access to the internet, which is encouraging many new and experienced PC gamers to adopt mobile gaming.

By geography, APAC will present significant opportunities for market vendors due to factors such as the expansion of broadband connectivity. The region is expected to account for 47% of the market’s growth during the forecast period.

Video Game Market: Key Vendor Offerings

• Activision Blizzard Inc. – The company offers video games such as Candy Crush, Call of Duty, World of Warcraft, Overwatch, Hearthstone, and Diablo, which deliver interactive gaming and entertainment experiences.
• Electronic Arts Inc. – The company offers video games such as Grid Legends, Battlefield, NHL, FIFA, Lost in Random, and Madden.
• Microsoft Corp. – The company offers video games such as Asphalt, Roblox, Hill Climb Racing, Minecraft, and Conflict of Kingdoms.
• Nintendo Co. Ltd. – The company offers video games such as Mario, Pokémon, Legends of Zelda, Star Wars, and MLB The Show.
• Rovio Entertainment Corp. – The company offers video games such as Angry Bird Series, Small Town Murders, Sugar Blast, and Darkfire Heroes.

Editó: @MaiaDigital www.zonadeazar.com