NEW YORK, Jan. 6, 2022 /PRNewswire/ -- Technavio expects the global video game market size to increase by USD 75.49 billion between 2020 and 2025. The growth momentum in the market is expected to expand at a CAGR of 8.02% during the forecast period. The report analyzes the global video game market by platform (mobile devices, consoles, and computing devices) and geography (APAC, North America, Europe, South America, and MEA).

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The rising penetration of smartphones and improving internet access has been identified as the major driver supporting the growth of the market. The availability of low-cost smartphones, especially in the emerging markets has increased the number of mobile gamers significantly. Also, the increased availability of affordable internet plans has given many users the access to online games. These factors are encouraging vendors in the market to introduce new games to attract customer interest, which is driving the growth of the market.

However, growing cost of game development is expected to reduce the growth potential in the market.

Video Game Market 2021-2025: Segmentation

Video Game Market is segmented as below:

• Platform
• • Mobile Devices
  • Consoles
  • Computing Devices
• Geography
• • APAC
  • North America
  • Europe
  • South America
  • MEA

By platform, the adoption of video games is high on mobile devices. The market growth in the segment is faster compared to the growth in consoles and computing devices segments. The rising adoption of mobile games and the availability of low-cost, large-screen mobile devices are driving the growth of the mobile devices segment.

By geography, APAC is expected to emerge as the major market for video games during the forecast period. The region currently holds 46% of the global market share and will retain its dominance through 2025.  The growing adoption of online games in developing countries such as India and the expansion of business operations by global players are driving the growth of the video games market in APAC.

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Video Game Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Video Game Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Video Game Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Video Game Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist video game market growth during the next five years
• Estimation of the video game market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the video game market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of video game market vendors

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Gaming Simulators Market by End-user, Component, Type, and Geography - Forecast and Analysis 2021-2025

Game Development Software Market by Component Placement and Geography - Forecast and Analysis 2021-2025

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio