TMCnet News
Gaming Software Market to Reach $301.5 Billion Globally by 2032 at 9.3% CAGR: Allied Market ResearchAn increase in the commercialization of 5G technology as well as a rise in the adoption of cloud gamification are anticipated to drive the growth of the global gaming software market during the forecast period. The North America region is projected to hold the majority of the market share by 2032. PORTLAND, Ore., Nov. 21, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Gaming Software Market by Purchase Type (Box/CD Game, Shareware, Freeware, In-App and Purchase-based, Digital), by Type (PC Games, Browser Games, Console Games, Smart Phone/Tablet Games): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global gaming software market generated $127.1 billion in 2022, and is anticipated to generate $301.5 billion by 2032, witnessing a CAGR of 9.3% from 2023 to 2032.
Prime Determinants of Growth The global gaming software industry is experiencing significant growth propelled by various factors. The commercialization of 5G technology stands out as a key driver, particularly impacting mobile gaming by enabling cloud gaming for mobile users and delivering console-level graphics. Moreover, a surge in the number of gamers and the rising popularity of immersive and competitive gaming on mobile devices contributes to the market's expansion. The increased adoption of cloud gamification and the enhancement of cross-platform gaming experiences present promising opportunities for market players. However, games often require access to social media, making stringent data privacy adherence imperative. The challenge of maintaining trust and operational efficiency in the face of these concerns presents a potential obstacle to sustained market growth during the forecast period. Download Sample Pages: https://alliedmarketresearch.com/request-sample/15568 Report Coverage & Details:
COVID-19 Scenario
Buy this Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/gaming-software-market/purchase-options By Type: Smartphone/Tablet Games Segment to Maintain Growth in 2032 The smartphone/tablet games sub-segment emerged as the dominant force in the global gaming software market, holding a substantial share of 36.9% in 2022. This sub-segment is expected to lead the market, growing with a CAGR of 11.2% in the forecast period. The preference for smartphone and tablet games is mainly due to their portability, ease of game downloads, and the surge in popularity during the COVID-19 pandemic, where people sought immersive gaming experiences while staying at home. Additionally, the integration of emerging technologies like Augmented Reality (AR), Virtual Reality (VR), and cloud gaming further fueled the growth of this segment. Purchase Type: Box/CD Game Segment to Hold Majority of Market Share by 2032 The box/CD game sub-segment held the major share of 30.5% in 2022, and is expected to dominate the market by holding a market share of 36.3% by 2032. The enduring popularity of box/CD games is attributed to their reliable gaming experience without the need for constant internet connectivity. This appeals to individuals in areas with unreliable or limited internet access, ensuring uninterrupted gameplay even when online servers face disruptions. Region: North America Dominated the Market in 2022 In 2022, the North America region dominated the global gaming software market, holding a major share of 39.7%. The widespread use of mobile devices, including smartphones, and the availability of affordable data plans fueled the region's gaming software market. North America's dynamic and thriving gaming industry, enriched by a strong gaming heritage, robust e-sports events, and a massive player base, showcased the region's resilience and adaptability to evolving technology and consumer preferences. Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/15568 Leading Players in the Gaming software Market:
The report provides a detailed analysis of the key players of the global gaming software market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access Trending Reports in ICT & Media Industry: Global Telehealth Market Expected to Reach $784.3 Billion by 2032 Global Commerce Cloud Market Expected to Reach $138.2 Billion by 2032 Global Extended Reality Market Expected to Reach $446.6 Billion by 2031 Global Cloud Gaming Market Expected to Reach $21.95 Billion by 2030 Project Portfolio Management (PPM) Market Expected to Reach $9.16 Billion by 2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research 
|
View original content to download multimedia: