Forecast of Global Gaming Market till 2025: Insights and Trends

Table of Content :

1. Basic Introduction of Forecast of Global Gaming Market till 2025: Insights and Trends

2. Forecast of Global Gaming Market till 2025: Key Insights

3. Forecast of Global Gaming Market till 2025: Key Trends

4. Closing

Basic Introduction of Forecast of Global Gaming Market till 2025: Insights and Trends

  • The value of the global gaming market was USD 173.7 billion in 2020, and the value is expected to be more than USD 300 billion by 2025. That means there will be a CAGR of around 9% between 2020 and 2025. Video gaming trends show an increase in the number of players and revenue, more so because of the pandemic due to which players are spending more time gaming while being at their homes. Tech and gaming giants like Microsoft and Nintendo have seen a massive surge in player investments.
  • Are you interested in knowing about the insights and trends of the global gaming market? If yes, read on.
  • In this post, we will be covering the Forecast of the global gaming market till 2025: Insights and Trends.

Forecast of Global Gaming Market till 2025: Key Insights

  • Cloud gaming has emerged as a new and happening technology in the gaming market allowing users to play high-end games on hand-held devices such as mobile, laptops, and tablets instead of PCs or Consoles. The network connectivity on hand-held devices is also faster than that of PCs and Consoles.
  • Cloud gaming services bank on hyper-scale cloud capabilities and media streaming platforms, among others for building high-tech entertainment platforms and services and that has a potential positive impact as far as market growth is concerned.
  • The mobile-based VR gaming market is increasingly and positively being impacted by 5G network connectivity. For example, Archiact and Migu joined hands with each other to present Archiact’s playable VR games through the 5G cloud gaming platform of Migu, by the name of Migu Quick Gaming. By the partnership, Archiact aims to make VR more accessible to the gaming community.
  • The use of immersive technologies like Augmented Reality, Virtual Reality, and Mixed Reality, is expected to change the face of the gaming industry for the better. Companies like BigScreenVR and AltspaceVR have taken positive strides in this respect.
  • NewGenApps’s estimates say that the global user base of AR and VR games is going to shoot up to 216 million users by 2025.
  • Some of the popular names in the gaming market are attempting to release their games and consoles in various formats. For example, Sony Interactive Entertainment has announced the PC port of Horizon Zero Dawn and has confirmed the PC release of Death Stranding after its release on PS4.
  • In August 2020, announced that Intouch Games Ltd., through an agreement would be offering game content on the real-money game aggregations platform of AG.

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Forecast of Global Gaming Market till 2025: Key Trends

Forecast of Global Gaming Market till 2025: Key Trends
  • Since the mobile gaming industry increasingly depends on immersive technologies like AR, VR, and MR, there has been an increase in the number of mobile game players. As a result, in 2020, there were 1.5 million global mobile game players and the number is still increasing. This trend does not come as a surprise, given the growing popularity of immersive technology.
  • As far as mobile gaming is concerned, AR is being extensively used because it is immersive and interactive technology. In addition to popular AR games like Pokémon Go and Ingress, new AR games such as Harry Potter: Wizards Unite and Minecraft are being introduced.
  • Big companies that mostly create games for PCs and Consoles are also entering the mobile gaming industry. One such example is that of the mobile game PUBG Mobile in 2020 that transitioned from PC to mobile.
  • As already mentioned above, cloud gaming is also becoming an emerging technology in the gaming industry.
  • With the introduction of 5G services, it is estimated that cloud gaming services will also see an increase in the global gaming market. As per Ericsson, the Asia Pacific region is going to see a whopping 1,545 million 5G mobile subscriptions by 2025.
  • The free-to-play pricing model is becoming the go-to model for game developers due to its huge potential and free downloading ability.
  • As far as the market share in the gaming industry is concerned, the Asia Pacific Market is going to have the largest market share. China, Japan, and South Korea are going to be the key players. Beijing has decided to be the international capital as far as online games are concerned by 2025.
  • The gaming market is highly competitive. The key names in the global gaming market are Microsoft, Nintendo, Sony Corporation, and others. They keep their thinking hats on always so that they can continue launching next-generation gaming consoles and keep their competitive edge.

Closing

  • Hope you now have a clear idea about the Forecast of the global gaming market till 2025: Insights and Trends. These useful insights and trends will help you understand the global gaming market better.

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