Burden of COVID-19 on the Market & Rehabilitation Plan | Video Game Market Size 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Activision Blizzard Inc., Electronic Arts Inc., Microsoft, Nintendo, Tencent are some of the major market participants. 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.
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The penetration of smartphones has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-video-game-market-industry-analysis?tnplus
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 a free sample: 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. The video game market size 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
