Lucintel Blog: Lucintel Forecasts Video Game Market to Reach $215.1 Billion by 2027

Wednesday, July 13, 2022

Lucintel Forecasts Video Game Market to Reach $215.1 Billion by 2027

According to the recent study the Video Game Market is projected to reach an estimated $215.1 billion by 2027 from $153.5 billion in 2021, at a CAGR of 7% from 2021 to 2027. Growth in this market is primarily driven by increasing growth of smartphones and easy availability of games on the internet.

Browse 111 figures / charts and 96 tables in this 202 -page report to understand trends, opportunities and forecast in video game market by device type (smartphone, tablet, PC, console, and others), genre (shooter, action, sports, role-playing, adventure, racing, strategy, and others), platform type (online and offline), gamer type (extreme and casual), age group(age 10-20, age 21-35, age 36-50, age 51-65), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/video-game-industry.aspx

“Shooter game market is expected to remain the largest segment during the forecast period.”

Based on gamer type, the video game market is segmented into shooter, action, sports, role-playing, adventure, racing, strategy, and others. Lucintel forecasts that the shooter game market is expected to remain the largest segment due to increasing interest towards action packed video games across all age groups.

“Within the video game market, the smartphone segment is expected to remain the largest device type.”

Based on device type the smartphone segment is expected to witness the highest growth over the forecast period due to increasing smartphone user in emerging nations.

“Asia pacific will dominate the video game market in near future.”

Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to significant improvement of broadband Internet in this region. Growing internet has enabled a steady rise in the online video game market, as it allow gamers to experience this well liked category of games with a high-speed internet connection.

Download Brochure of this report by clicking on https://www.lucintel.com/video-game-industry.aspx

Major players of video game market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sony, Tencent, Microsoft, Netease, Activation Blizzard, Goggle, Electronic Arts, Nintendo, Bandai Namco are among the major video game providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/video-game-industry.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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