Arcade gaming market size to grow by USD 1.79 billion from 2020 to 2025: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio
NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global arcade gaming market size is estimated to increase by USD 1.79 billion from 2020 to 2025. The market's growth momentum will accelerate at a CAGR of 1.85% during the forecast period - Request a sample report
Global arcade gaming market – Vendor analysis
Vendor landscape –
The global arcade gaming market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer arcade gaming in the market are BANDAI NAMCO Entertainment Europe SAS, Bay Tek Entertainment Inc., Capcom Co. Ltd., CXC Simulations, D-BOX Technologies Inc., International Games System Co. Ltd., Nintendo Co. Ltd., PrimeTime Amusements, SEGA SAMMY HOLDINGS Inc., and Square Enix Holdings Co. Ltd. and others.
Global arcade gaming market - Customer landscape
Global arcade gaming market - Segmentation assessment
By geography, the global arcade gaming market is segmented into APAC, North America, Europe, South America, and MEA. The report provides actionable insights and estimates the contribution of all regions to the growth of the global arcade gaming market.
Global arcade gaming market – Market dynamics
Leading drivers - One of the key factors driving the global arcade gaming market growth is the increased physical activity in arcade gaming. The innovations in arcade gaming have changed gaming from 2D gameplay on a screen, which only requires gamers to use their hands, to VR, in which the gamer can experience the virtual world of gaming. Vendors are focusing on R&D and innovation to involve the gamer's physical motions. For instance, in March 2022, the AEI convention in Las Vegas introduced a VR laser tech arcade game that has one platform, and players can move around and play. Such factors will drive market growth during the forecast years.
Key trends - The rising integration of VR in arcade games is one of the key arcade gaming market trends that is expected to impact the industry positively in the forecast period. Advances in VR technologies have led to the introduction of VR 360-degree videos. VR is fast being considered a mainstream gaming platform in the entertainment sphere, which is making its way to various digital arenas. Adding a 360-degree vision with the VR headset enhances the QoE of the gaming simulator. While playing racing or shooting games, gamers can experience 360-degree VR content. Gamers can not only see the front side of the gaming but also look around. With tech giants, such as Facebook, Sony, and HTC, launching their flagship VR devices, namely, Oculus Rift, Morpheus, and Vive, respectively. Such factors will further drive market growth in the coming years.
Major challenges - One of the key challenges to the global arcade gaming market growth is the high maintenance cost. From the screens to the legs of the simulator, the hardware is prone to repairs considering the increased penetration of motion simulation and heavy usage. The high demand for motion simulation and the rugged usage of the arcade gaming machine, especially in commercial places, will reduce the product life cycle and increase the maintenance cost. After factoring in these costs, the ROI will be delayed from a business standpoint. Such factors may limit the market growth in the coming years.
What are the key data covered in this arcade gaming market report?
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Type
7 Market Segmentation by Genre
8 Customer landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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