Lucintel's latest market report analyzed that video game provides attractive opportunities in the smartphone, tablet, PC, and console market. The video game market is expected to reach $215.1 billion by 2027 with a CAGR of 7%. In this market, shooter game is the largest segment by gamer type, whereas smartphone is largest by device type. Development of augmented reality (AR) and virtual reality (VR) products such as head mounted displays (HMD) and head-up displays (HUD) and development of game based learning for academics and skill development provides strategic growth path in this market.
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Based on gamer type, the video game market is segmented into shooter, action, sports, role-playing, adventure, racing, strategy, and others. The shooter game segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing interest towards action packed video games across all age groups.
Browse in-depth TOC on “Video Game Market”
96 – Tables
111 – Figures
202 – Pages
The Video Game Market is marked by the presence of several big and small players. Some of the prominent players offering video game include Sony, Tencent, Microsoft, Netease, Activation Blizzard, Goggle, Electronic Arts, Nintendo, Bandai Namco.
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