Growth Opportunities in the Global Video Gaming Market
Rise of Social Gaming and New Technologies Reshape Future Growth Potential
This study covers the global market for video gaming services.
Gaming services allow users to play video games by interacting with an interface to get visual feedback.
The scope of this study includes gaming solutions offered by providers, such as hardware gaming consoles and software (video games) offered in three types of platforms: consoles, PCs, and mobile devices.
This study covers both online and offline gaming experiences, both cloud gaming and streaming gaming services are part of the analysis.
The global video gaming market showed high growth years prior to the COVID-19 pandemic (from 10 to 15% every year). With the global economy slowing down and the market reaching its natural limits, Frost & Sullivan expects to see more modest yet steady mid-single-digit growth rates in the forecast period.
Revenue in the video gaming market is expected to bounce back from a decline in 2022 and stabilize growth to a compound annual growth rate (CAGR) of 4.5% from 2022 to 2029 in terms of revenue, driven by the recovery of disposable income and the increasing penetration of mobile devices.
Frost & Sullivan expects the global video gaming market to grow from $206.6 billion in 2022 to $280.65 billion in 2029. The expansion of internet connections, the growing penetration of mobile devices, the rise of social gaming, the growth of esports, cloud gaming's spread, and extended reality (XR) development are some of the main drivers that will help the market grow.
Primary and secondary information, in conjunction with internal information databases, have been used to analyze the market and provide observations and conclusions in this study.
Frost & Sullivan expects that this analysis will provide video gaming companies with valuable insights to increase their footprint and penetration opportunities within the evolving video gaming market.
- Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Global Video Gaming Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
- Growth Opportunity Analysis
- Scope of Analysis
- Definitions
- Market Segmentation by Platform
- Key Competitors
- Growth Metrics
- Growth Drivers
- Growth Driver Analysis
- Growth Restraints
- Growth Restraint Analysis
- Forecast Assumptions
- Revenue Forecast-Video Gaming Market
- Table Video Gaming: Revenue Forecast, Global, 2018-2029
- Revenue Forecast-Mobile Gaming
- Table Mobile Gaming: Revenue Forecast, Global, 2018-2029
- Revenue Forecast-PC Gaming
- Table PC Gaming: Revenue Forecast, Global, 2018-2029
- Revenue Forecast-Console Gaming
- Table Console Gaming: Revenue Forecast, Global, 2018-2029
- Revenue Forecast by Technology Type-Console Gaming
- Table Console Gaming: Revenue Forecast by Technology Type, Global, 2018-2029
- Revenue Forecast by Platform-Mobile/PC/Console
- Table Video Gaming: Revenue Forecast, Global, 2018-2029
- Percent Revenue by Region-Video Gaming
- Revenue Forecast Analysis
- Revenue Analysis by Region
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Key Participants in the Video Gaming Landscape
- Growth Opportunity Universe
- Growth Opportunities
- Growth Opportunity 1-Offering Games on Top of Digital Media Platforms
- Growth Opportunity 2-Boosting In-Game Cosmetics
- Growth Opportunity 3-Developing XR Games
- Growth Opportunity 4-Leveraging Generative AI to Accelerate Innovation
- Growth Opportunity 5-Investing in Cloud Gaming
- Growth Opportunity 6-Expanding In-game Advertising in Console and PC Games
- Growth Opportunity 7-Growing Esports Participation
- Growth Opportunity 8-Incorporating Wider Range of Identities
- Next Steps
- Your Next Steps
- Why Frost, Why Now?
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