Analysis of COVID-19 — Video Game Market 2019–2023 | Penetration of Smartphones to Boost Growth | Technavio
Technavio has been monitoring the video game market size and it is poised to grow by USD 68.29 billion during 2019–2023, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Activision Blizzard Inc., Electronic Arts Inc., Microsoft , Nintendo, and Tencent are some of the major market participants. The penetration of smartphones will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Penetration of smartphones has been instrumental in driving the growth of the market.
Video Game Market 2019–2023: Segmentation
Video game market is segmented as below:
- Platform
- Geographic Landscape
- Mobile Devices
- Consoles
- Computing Devices
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download latest free sample report of 2020–2024: https://www.technavio.com/talk-to-us?report=IRTNTR31166
Video Game Market 2019–2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our video game market report covers the following areas:
- Video Game Market Size
- Video Game Market Trends
- Video Game Market Industry Analysis
This study identifies cross-platform gaming experiences as one of the prime reasons driving the video game market growth during the next few years.
Video Game Market 2019–2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the video game market, including some of the vendors such as Activision Blizzard Inc., Electronic Arts Inc., Microsoft, Nintendo, and Tencent. Backed with competitive intelligence and benchmarking, our research reports on the video game market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
