TechNavio, an independent London-based research firm has found that gaming software accounts for 60 percent of the Global Gaming Market in terms of revenue generation. The forecast is for the period 2012-2016.
According to research analysis, Console Games, PC and Mac Games, and Mobile Games segments are the three segments in the Global Gaming Software market. In terms of total revenue generation, Console Games is generating more than 50 percent of the revenue. The PC and Mac Games, and Mobile Games is slowly following this.
The Console Games segment includes revenue generated by the sale of software used in hardware such as Nintendo Wii, Microsoft's Xbox 360, and Sony's PlayStation 3. It also includes revenue generated from handheld devices such as Nintendo DS, PSP, PDAs, and Game Boy Advance. The market for these products is going to see a dramatic rise in the coming years, due to the release of 8th generation consoles like Xbox One and the PlayStation 4, as well as an increasing number of youngsters playing games during free time.
Speaking on this occasion, one of the senior analysts and co-author of this report said,“The Global Gaming Software market is witnessing continuous growth. The market in developing countries is undergoing rapid technological evolution with increasing number of youngsters using gaming tools to learn new things. The market in developed countries such as the US, Germany, and Japan is witnessing significant growth with the introduction of HDTVs, multi-utility consoles and 3D games. As consumers become increasingly interested in buying more gaming software, the market is expected to post a positive growth during the forecast period.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted an in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Gaming Software Market 2012-2016 please send an e-mail to media[.]TechNavio.com.
TechNavio (technavio.com) is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Gaming Software Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.