Triton’s research report infers that the Latin American gaming market is estimated to reach a CAGR of 4.01% in the 2024-2032 forecast period. Mexico, Brazil and the Rest of Latin America are examined in this report.
As per the Pesquisa Game Brazil 2023, the country experienced participation of women in the gaming industry. This shift was due to the growing prevalence of smartphone usage and the popularity of casual gaming. Being the world’s fifth-largest gaming market, the majority of gamers opt for the latest video games. Along with the financial contribution of the gaming community, the country holds a firm position to become a hub for the gaming market.
In Mexico, the gaming market has witnessed a transformation driven by the popularity of esports. It has elevated competitive gaming to the status of mainstream entertainment. This led to the establishment of tournaments, sports leagues, and a vibrant sports enthusiast community. As esports continues to gain momentum, it is attracting both avid players and potential investors, thereby shaping the gaming market.
Competitive Outlook
The major companies listed in the gaming market are Ubisoft Entertainment SA, Square Enix Holdings Co Ltd, Zynga, Electronic Arts Inc, Sega, Activision Blizzard, Nintendo Co Ltd, Bethesda Softworks Llc, Microsoft Corporation, and Sony Corporation.
1. Latin America Gaming Market- Summary
2. Industry Outlook
2.1. Parent Market Analysis- Media & Entertainment
2.2. Impact Analysis On The Gaming Market
2.2.1. Covid-19 Impact On The Gaming Market
2.2.2. Ukraine-russia War Impact On The Gaming Market
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Component Suppliers
2.5.2. Research & Development
2.5.3. Hardware Manufacturing Development & Publishing
2.5.4. Distributors
2.6. Regulatory Framework
2.7. Key Buying Impact Analysis
2.7.1. Game Ratings
2.7.2. Price
2.7.3. Exclusivity
2.7.4. Online Service
2.7.5. Device Type & Compatibility
2.7.5.1. Performance
2.7.5.2. Backward Compatibility
2.7.5.3. Peripherals
2.7.5.4. Storage
2.7.5.5. Media Support
2.8. Key Market Strategies
2.8.1. Collaborations
2.8.2. Product Launches
2.8.3. Acquisitions
2.8.4. Expansions
2.9. Market Drivers
2.9.1. Rise Of Next-generation Gaming Consoles
2.9.2. Increasing Internet Access
2.9.3. Rapid Increase In Smartphone Users
2.9.4. Extensive And Devoted Audience For Digital Games
2.9.5. Convenient Accessibility To Free Games
2.10. Market Challenges
2.10.1. Elevated Expenses In Game Development
2.10.2. Piracy Challenges Associated With Digital Games
2.10.3. Rising Incidence Of Counterfeit Gaming Merchandise
2.10.4. Challenges In The Localization Of Games
2.10.5. Hardware Compatibility Issues
2.11. Market Opportunities
2.11.1. Enhanced Processing Power And Reduced Latency With 5g Connectivity
2.11.2. Unrestricted Gaming Access With Cloud Gaming
2.11.3. Immersive Experiences At More Affordable Prices With Ar & Vr
2.11.4. Enhanced Gaming Experience With Edge Computing
2.12. Analyst Perspective
3. Latin America Gaming Market – By Type
3.1. Online
3.2. Offline
4. Latin America Gaming Market – By Component
4.1. Software
4.2. Hardware
5. Latin America Gaming Market – By Device Type
5.1. Console Gaming
5.2. Pc Gaming
5.3. Mobile Gaming
5.3.1. Android
5.3.2. Ios
5.4. Browser Gaming
6. Latin America Gaming Market – By Genre
6.1. Action/Adventure Games
6.2. Arcade Games
6.3. Strategy & Brain Games
6.4. Casino Games
6.5. Casual Games
6.6. Sport Games
6.7. Other Genres
7. Latin America Gaming Market – By Country Outlook
7.1. Latin America
7.1.1. Country Analysis
7.1.1.1. Brazil
7.1.1.1.1. Brazil Gaming Market Forecast & Prospects