Chief Factors Fuelling Growth of Global Gaming Market, Rising Proliferation of Tablets and Smartphones a Key Factor

Published By : 18 Feb 2016 | Published By : QYRESEARCH

The market for gaming is majorly fuelled by the sales of tablets, smartphones, and mobile phones on which they games are played globally. Console-based game manufacturers, designers, and individuals have started to recognize the importance and potential of the gaming market, hence propelling the growth of the market. 

The global gaming market is majorly fuelled by the following factors:

  • Growing Connectivity: The gaming market will continue to rise owing to F2P model moving to the West as well as Western IPs spread to the East. It has been predicted that by 2017, the online connectivity and smartphone penetration in addition to the rise of wealth as well as time spent on media will fuel the gaming markets such as that of Asia and others.
  • Computer Screens hold the Largest Share: According to a recent survey, computer screens led the market of gaming and constituted the largest share in the market. This rising proliferation of computer screens will result in more users playing games on these screens, thus boosting the market. The segment of computer screens was trailed by smartphones and entertainment screens. On the other hand, the segment of personal screens is also predicted to rise by 2017 while the entertainment screens segment is poised to lose some of its market share by the end of the same year.
  • Increasing Growth of China Gaming Market: China has remained an exponentially growing market for gaming owing to its immensely successful internet companies such as TentCent that have highly progressed in the sector of social mobile gaming. China’s revenues have also increased in the past few years. Talking in terms of particular gaming segments within China, mobile is the top choice for both the female as well as male population.
  • Rising Proliferation of Tablets and Smartphones: The increasing proliferation of tables and smartphones has given the opportunity to gaming companies to attract a broad range of users. The regions especially as that of Western Europe, North America, and Oceania are a storehouse to a broad number of mobile gamers.

Thus, a number of game developers have started to look for new opportunities for better penetration in the global gaming market. In addition, the growing preference for mobile devices demands developers of games to rework their own strategies and are thus they are designing games that can be played on such devices. 

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