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Gaming: Global Market Report 2018-2022 - Growing Adoption of AR/VR Gaming is Driving the MarketDUBLIN, April 11, 2018 /PRNewswire/ -- The "Global Gaming Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. Global gaming market to grow at a CAGR of 6.94% during the period 2018-2022. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in the market is emergence of free-to-play gaming for console platform. Free-to-play business model is the one wherein the game is free to play for the gamers. However, the revenue is generated using in-app purchase which is used to upgrade the games or by ads shown in the game. According to the report, one driver in the market is growing adoption of AR/VR gaming. VR and AR technologies are gaining acceptance worldwide. The growing availability of headsets that support the tchnologies and the option to integrate these technologies in smartphones are key reasons for their rising popularity. Further, the report states that one challenge in the market is high cost of latest game applications. The R&D cost involved in developing new and improved versions of games is generally very high. This increases the cost of the latest game applications. Hence, vendors sell these games at premium prices to gamers in order to transfer the burden of high cost to them. Key Vendors
Key Topics Covered Media Contact: Research and Markets
View original content:http://www.prnewswire.com/news-releases/gaming-global-market-report-2018-2022---growing-adoption-of-arvr-gaming-is-driving-the-market-300628234.html SOURCE Research and Markets |