Video Game Software Market To Grow At A Higher Rate


Posted January 24, 2019 by vamshi1

The global video game software market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period.

 
The Business Research Company’s video game software global market report, covers the year-on-year growth of the global video game software market historic and forecast growth. It also includes chapters on the video game software market trends, geographical analysis, and competitive landscape.

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The global video game software market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period.

Video Game Software Market Trends

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.

Virtual reality (vr) and augmented reality (ar) are gaining popularity in the video game software market. vr allows players to experience being in a three-dimensional environment and interact with that environment. AR is a specific type of VR that aims to duplicate the environment through computer software and displays. AR adds intense graphics, sounds and even smell to the experience. Pokemon GO is one such AR video game where the player can catch and train pokemon and then fight with other players and their “pets”, is the major trend witnessed in the global video game software market.


The global video game software market is primarily driven by emerging markets growth, technology development, and increase in gaming population.

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The global video game software market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With smart cities, government initiatives, internet of things (ioT), increasing usage of video games, the global video game software market is expected to increase in potential and scope. TBRC’s report also covers the video game software drivers and restraints in the market.

The global video game software market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global video game software market report are Sony, Activision Blizzard, Microsoft, EA, Nintendo.

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Last Updated January 24, 2019