Lucintel Blog: Lucintel Forecasts Action Video Game Market to Reach $37.8 Billion by 2028

Friday, July 21, 2023

Lucintel Forecasts Action Video Game Market to Reach $37.8 Billion by 2028

According to the recent study the action video game market is projected to reach an estimated $37.8 billion by 2028 from $24.2 billion in 2023, at a CAGR of 9.3% from 2023 to 2028. Growth in this market is primarily driven by the increasing interest in online gaming competitions and growing preference among players in the area for platforms that support AAA games in the region.

A more than 150–page report is developed to understand trends, opportunities and forecast in action video game market by product type (online and offline), device (console, mobile, and computer), 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/action-video-game-market.aspx

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

Based on product type, the action video game market is segmented into online and offline. Lucintel forecasts that the online market is expected to remain the largest segment due to the growing interest of consumers in online-based games as it facilitates in-gaming communication and also contributes in improving the overall gaming experience.

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

Based on device the mobile segment is expected to witness the highest growth over the forecast period due to the increasing penetration for mobile devices and tablets with larger displays, which helps in improving the overall gaming experience.

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

APAC will remain the largest region due to the increasing interest in online gaming competitions and growing preference among players in the area for platforms that support AAA games in the region.

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

Major players of action 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. Activision Blizzard, Apple, Disney, Electronics Art, andLucid Games are among the major action 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/action-video-game-market.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:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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