GMR Analytics launches comprehensive market analysis on Video Games markets. Global market for Video Games is projected to reach US$176.7 billion by 2019, driven by increase in the number of video gamers, continued popularity of online and wireless games, and technology developments in gaming platforms.
Video games, over the years, have revolutionized the concept of entertainment. Games have evolved from simple linear programming for DOS-based games to advanced interactive, dramatic, and artistic game experiences with spectacular visual effects and exciting color formats. Video Games are today a part of the mainstream media and entertainment sector. The market has gathered critical mass both in terms of game varieties, and player base largely as a result of untiring game innovation, feature and performance improvement. Continuous technology developments and upgrade of gaming platforms have helped expand the base of video gamers from the young to the older and mature individuals. The market, over the years, has witnessed a fascinating transition from single console gaming to multi-control home consoles to the state-of-the-art online and wireless gaming. Massively multiplayer online role-playing games (MMORPG) currently allow dynamic play between multiple players at the same time. Social interactivity in gaming is also growing in prominence.
The research report titled “Global Video Games Market Analysis: 2014-2019” announced by GMR Analytics, provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, South Korea and Rest of Asia-Pacific), the Middle East and Latin America (Brazil, Mexico and Rest of Latin America). Key segments analyzed in the report include Console Games Software, Handheld Games Software, PC Games (Digital and Boxed) Software, Online Games and Wireless Games Software.