Video Games Market

Global Sales of Video Games Is Slated To Accelerate At A CAGR of 13% To Top US$ 650 Billion by 2032

Key Takeaways:

– The U.S. is expected to remain a lucrative market for video game companies. Fact.MR estimates the market to grow at      11%  – China is one of the most prominent markets for video games globally and recorded sales at US$ 30 billion in 2020 – Based on digital platform, mobile/tablet video games are likely to remain most preferred, registering 11% CAGR during the   forecast period – By hardware, handheld console video games are      anticipated to gain traction during the assessment period. – Virtual reality in terms of      digital platform is expected to witness impressive growth at 10% CAGR

Key Companies

– Activision Blizzards Inc. – Nintendo Co. Ltd. – NVIDIA Corp. – Sony Corp. – Microsoft Corp. – Electronic Arts Inc. (EA) – Ubisoft Entertainment SA – King Digital Entertainment Plc. – Supercell Oy – Take-Two Interactive – Vivendi SE

Growth Drivers:

– Innovation in gaming technology has led to better graphics and user experience, creating renewed interest among gamers, propelling growth – Growing smartphone and internet penetration has created easy accessibility, allowing more people to play video game – Advent of online streaming, AR, and VR has boosted the popularity of video games, making them appealing to a broader audience

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