Dublin, April 12, 2022 (GLOBE NEWSWIRE) -- The "Video Game Software Global Market Report 2022, By Type, Genre, End User Sex" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global video game software market as it emerges from the COVID-19 shut down.
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Major companies in the video game software market include Microsoft, Tencent Holdings Co. Ltd., Nintendo Co. ltd., Sony Corp., Netease Inc., Electronic Arts, Google, Financiere de l'Odet, Take-Two Interactive and Bandai Namco Holdings Inc.
The global video game software market is expected to grow from $197.54 billion in 2021 to $226.97 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $380.06 billion in 2026 at a CAGR of 13.8%.
The video game software market consists of sales of video game software by entities (organizations, sole traders and partnerships) that produce video game software, including businesses that are involved in design, documentation, installation and support services, producing and distributing video games. This also includes companies that are solely involved in designing and developing or in publishing only.
The main types of video game software are browser games, PC games, smart phone/tablet games and console games. A browser game is a computer game played online using a web browser over the internet. The various genre includes action, adventure, role playing, simulation, strategy, sports and others and are played by male and female end users.
The video game software market was mainly driven by rapid growth in emerging markets in the forecasted period. The International Monetary Fund (IMF)stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period .
Games as a service is a software delivery method where a vendor generally hosts a gaming application in a remote server and customers can access it through the internet, also known as cloud gaming. Many game developers are providing their content through a subscription-based model, and are allowing customers to purchase additional content or features through micro transactions. This includes new in-game items, weapons, clothing, or other gear for the player's character along with in-game currency and rewards. This business-model provides a continuous revenue stream for the gaming companies instead of limiting the revenues to one-time purchases. Major companies providing games as a service include Activision and Blizzard Entertainment.
In June 2019, Immortals gaming club, a USA-based company specialized in providing esports platform through the development of software such as video game software, acquired Infinite esports & entertainment for over $100 million. The acquisition is expected to help Immortals gaming club to become a part of franchised esports leagues and to become the world's largest esports organizations, boosting elite brands such as Immortals, OpTic, MIBR and LA Valiant. Infinite esports & entertainment is a USA-based esports and entertainment holdings company that specializes in electronic sports, online media and multi-gaming.
Asia Pacific was the largest region in the global video game software market in 2021. North America was the second largest region in video game software market. The regions covered in the video game software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the video game software market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Video Game Software Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Video Game Software Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Video Game Software Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Video Game Software Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Video Game Software Market Trends And Strategies
8. Impact Of COVID-19 On Video Game Software
9. Video Game Software Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Video Game Software Market Regional Analysis
10.1. Global Video Game Software Market, 2021, By Region, Value ($ Billion)
10.2. Global Video Game Software Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Video Game Software Market, Growth And Market Share Comparison, By Region
11. Video Game Software Market Segmentation
11.1. Global Video Game Software Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- PC Games
- Browser Games
- Smart Phone/Tablet Games
- Console Games
11.2. Global Video Game Software Market, Segmentation By Genre, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Action
- Adventure
- Role Playing
- Simulation
- Strategy
- Sports
- Others
11.3. Global Video Game Software Market, Segmentation By End-User Sex, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Male
- Female
12. Video Game Software Market Segments
12.1. Global PC Games Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Online Microtransaction; Digital PC Games; Physical PC Games
12.2. Global Browser Games Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
12.3. Global Smart Phone/Tablet Games Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
12.4. Global Console Games Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
13. Video Game Software Market Metrics
13.1. Video Game Software Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Video Game Software Market Expenditure, 2016-2026, Global
For more information about this report visit https://www.researchandmarkets.com/r/w4q7us
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