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Global Digital Games Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by Growing Penetration of Internet and Smart Devices

According to a new report by EMR titled, 'Global Digital Games Market Report and Forecast 2021-2026', the global market for digital games is being aided by the growth of the online games market, which is expected to grow at a CAGR of 9% in the forecast period of 2021-2026 to reach USD 278 billion by 2026.

The global market for digital games is being driven by the growing penetration of the internet and smart devices across the globe. The digital games industry is witnessing a boom currently due to the novel coronavirus, which has enforced lockdown and consequently immobility on people. The market is attracting new online gamers as people are looking for new ways to entertain themselves in this abnormally excess free time. Further, the digital format for distribution is being adopted by gaming companies over the physical ones, as the digital distribution offers easy purchase as well as downloading of digital content for various gaming platforms, thereby invigorating the market growth.

The market is positively influenced by the ongoing rivalry among the key players, like Sony Corporation (NYSE: SNE) and Behaviour Interactive Inc., which results in new inventions. In July 2020, a minority stake in Behaviour Interactive Inc. ("Behaviour"), which is Canada’s largest independent video game developer, was acquired by NetEase Games. NetEase Games has made a name for itself in the Chinese households by creating premium content for game enthusiasts, and globally by launching successful games over the past few years. By acquiring a minor stake in Behaviour Interactive Inc, the division is set to leverage its expertise and deliver yet more thrilling new products to players globally. Thus, boosting the overall market growth of digital games.

Market Analysis by Platform, Subscription Model, Device, and Region:

  • The digital games industry, on the basis of platform, is divided into flash, iOS, android, and social network, among others.
  • Based on subscription model, the market is segmented into premium, paymium, and freemium, among others.
  • On the basis of device, the industry is categorised into computers, laptop, smartphones, tablet, and console unit, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for digital games is being driven by the rising proliferation of smartphones and tablets globally.
  • The market is witnessing favourable overall impact due to the ongoing innovations in the industry.
  • Moreover, the easy availability of internet worldwide has led to a rise in live games of MMO and eSports genres. 
  • Certain factors affecting the market growth include the inflating disposable incomes and the increasing number of online gamers globally.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for digital games for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the platforms, subscription models, devices, and major regions of digital games. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Behaviour Interactive Inc., Sony Corporation, GungHo Online Entertainment, Inc., Microsoft Corporation, Tencent Holdings Ltd., The Walt Disney Company, NEXON Co., Ltd, and Sega Corporation, among others, are the key players in the global digital games market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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