Console and Handheld Gaming Software

Console and Handheld Gaming Software

Global Console and Handheld Gaming Software Market to Reach US$64.4 Billion by 2030

The global market for Console and Handheld Gaming Software estimated at US$48.2 Billion in the year 2023, is expected to reach US$64.4 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Console Gaming Software, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$59.6 Billion by the end of the analysis period. Growth in the Handheld Gaming Software segment is estimated at 1.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.7 Billion While China is Forecast to Grow at 6.8% CAGR

The Console and Handheld Gaming Software market in the U.S. is estimated at US$12.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Console and Handheld Gaming Software Market - Key Trends and Drivers Summarized

The Console and Handheld Gaming Software Market is an integral component of the global gaming industry, thriving on continuous technological advancements and shifts in consumer gaming preferences. This sector delivers immersive experiences through high-quality graphics and audio, creating lifelike animations and sound effects that captivate players by drawing them into elaborately designed virtual environments. Storytelling and character development are significant aspects, enriching the gaming experience with complex narratives that engage emotionally. Furthermore, the market adapts to the evolving trends by integrating features like multiplayer and online connectivity, which foster both competitive and cooperative play through social interactions, matchmaking, and in-game communities.

Recent trends show significant growth in areas like cloud gaming and an increasing focus on mobile platforms, fueled by the widespread use of smartphones. The gaming software market is also capitalizing on the burgeoning esports scene and the integration of emerging technologies such as Virtual Reality (VR), Augmented Reality (AR), and blockchain, which pave new ways for gameplay innovation. Subscription services are becoming popular, offering gamers an economical alternative to access a broad spectrum of content. This adaptability ensures that console and handheld gaming remains relevant, providing a rich, interactive, and accessible gaming experience. Moreover, developers continue to support games post-launch with downloadable content (DLC) and microtransactions, which help maintain player interest over time and open up revenue streams beyond the initial sale.

The handheld gaming segment, in particular, has seen remarkable evolution since the introduction of devices like the Nintendo Switch, which blurs the lines between console and handheld gaming by offering console-quality graphics and flexible play styles. The success of handheld devices now hinges on their ability to integrate seamlessly with extensive software ecosystems and offer unique features that differentiate them from traditional consoles and emerging mobile gaming platforms. As the market expands, developers and manufacturers are focusing on creating hybrid gaming experiences that combine the best aspects of console, PC, and mobile gaming into a singular, portable format. Looking forward, the console and handheld gaming market is poised for further expansion, driven by technological advancements and a growing global audience, setting the stage for a future rich with innovation and new gaming experiences.

Select Competitors (Total 103 Featured) -

• Activision Blizzard, Inc.
• Activision Publishing, Inc.
• Arkane Studios SASU
• Atlus Co., Ltd.
• Bethesda Game Studios
• Capcom Co., Ltd.
• CD Projekt S.A.
• ConcernedApe
• Crystal Dynamics, Inc.
• Electronic Arts, Inc.
• Giant Sparrow
• Guerrilla B.V.
• HAL Laboratory, Inc.
• Housemarque Oy
• id Software LLC
• Infinite Fall
• Kojima Productions Co., Ltd.
• Koei Tecmo Holdings Co., Ltd.
• Mercury Steam Entertainment S.L.
• Microsoft Corporation
• NetherRealm Studios
• Next Level Games Inc.
• Nintendo Co. Ltd.
• Playground Games
• Respawn Entertainment, LLC
• Sony Interactive Entertainment LLC
• Square Enix Holdings Co. Ltd.
• Ubi Soft Entertainment S.A.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.