Dublin, March 06, 2024 (GLOBE NEWSWIRE) -- The "Video Game Software Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The video game software market size is expected to see rapid growth in the next few years. It will grow to $446.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The anticipated growth in the forecast period can be attributed to the increasing use of the internet, a shift in preference towards digital games, the prevalence of cross-platform publishing and play, technologically advanced platforms, and increasing involvement of gamers. Major trends in the forecast period include the integration of augmented reality (AR) and virtual reality (VR) technologies, a focus on in-game advertising, providing free access to games with certain main features in paid versions, offering game software services on the cloud with pay-per-usage payment models, providing streaming video game services, and investing in the development of new as well as updating existing software compatible with the latest gaming consoles.
Asia-Pacific was the largest region in the global video game software market in 2023. North America was the second largest region in video game software market.
The primary types of video game software encompass browser games, PC games, smartphone/tablet games, and console games. A browser game is one that is played online using a web browser over the internet. These games span various genres, including action, adventure, role-playing, simulation, strategy, sports, and others, catering to both male and female end users.
The video game software market research report is one of a series of new reports that provides video game software market statistics, including video game software industry global market size, regional shares, competitors with a video game software market share, detailed video game software market segments, market trends and opportunities, and any further data you may need to thrive in the video game software industry. This video game software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $277.54 Billion |
| Forecasted Market Value (USD) by 2028 | $446.78 Billion |
| Compound Annual Growth Rate | 12.6% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Tencent Holdings Ltd.
- Nintendo Co.Ltd.
- Sony Corporation
- NetEaseInc.
- Microsoft Corporation
- Activision BlizzardInc.
- Electronic Arts Inc
- Ubisoft Entertainment SA
- Square Enix Holdings Co.Ltd.
- Konami Holdings Corporation
For more information about this report visit https://www.researchandmarkets.com/r/f1hjdl
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