Oct 7,2021 | Information Technology
The increasing penetration of gaming software into the entertainment and educational sectors around the world, rise in number of smartphones and evolving business models are creating numerous growth opportunities for the Global Gaming Software Market. The end users are progressively receiving diverse types of gaming software, for example, adventure, action, role playing, stimulation, puzzles, sports, and others.
Gaming software can be segmented based on the gaming device type, gaming type, end use, distribution channel, and region. Based on type, the market can be segmented into action, adventure, stimulation, role playing, sports and puzzles. Action segment is expected to lead the market owing to its increasing demand from the customers. Action games are highly used as they are believed to grow the cognitive abilities of the brain including perception, attention, and reaction time.
Global Gaming Software Market is expected to reach US$159.59 billion by 2026, growing at a CAGR of 10.81% owing to the rapid technological advancements and growing customer engagement. Some of the leading players operating in the Global Gaming Software Market are Disney Interactive Studios, Inc., Electronic Arts, Inc., Tencent Holding Ltd., Ubisoft Entertainment SA, Google LLC, NCSoft Corporation, Nexon Co. Ltd., Nintendo Co, Ltd., Electronic Arts, Inc., Valve Corporation. The companies operating in the market are focusing on expansion, merges, and collaborations to increase their share in the market.
According to the market report offered on Bharatbook, the study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, and end users. The study would also help them in identifying which market segments should be targeted over the coming years to strategize investments and capitalize on growth of the market.
Furthermore the report also helps identify the drivers and challenges for Global Gaming Software Market, as well as strategically profile leading players in the market which are driving the innovation and technological advancements in Global Gaming Software Market.
For more information on the market, please visit Global Gaming Software Market.