What is Game Development Software Market?
Game development software, a software that is widely used by game developers for making games for smartphones, consoles as well as PCs. The acceptance of video game streaming is rising owing to the availability of games that with higher fps. This factor will drive the need for game development software or game design software as game development software providers are offering optimizations in the games meant for live streaming. The increasing demand for more online games is owing to the introduction of VR as well as AR games coupled with availability of VR headsets like HTC Vive, Google Daydream View, Oculus Rift, as well as Samsung Gear VR, is ultimately increases the demand for game software.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Game Development Software market is expected to see growth rate of 4.27%
Audiokinetic Inc. (Canada), Epic Games, Inc. (United States), Playtech plc (Isle of Man), Unity Technologies ApS (United States), ZeniMax Media Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), Blender Foundation (The Netherlands) and GarageGames (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GameSalad, Inc. (United States), SplitmediaLabs, Ltd. (China) and Devtodev (Lithuania).
The game development software providers are providing optimizations in the games meant for live streaming. They are providing live streaming games that are immersive with good animations and are able to support online play smoothly. key strategies adopted by the major players include new product launches as well as continuous technological innovations. Research Analyst at AMA predicts that Canadian, and United States Players will contribute to the maximum growth of Global Game Development Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Game Development Software market by Type, Application and Region.
On the basis of geography, the market of Game Development Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Asia-Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Video Game Streaming
- Growth of Online Game Development Software
- Increasing Requirement for VR and AR Game Development
- Shift to HTML5 Game Engines
- Slowdown in World Economic Growth
- Increasing Opportunities in Emerging Markets
- Growing Mobile Game Industry
- Availability of Free Game Development Software
Key Target AudienceGame development software providers, Key Consulting Companies & Advisors, Value-Added Resellers (VARs), Large, medium-sized, and small enterprises, Venture capitalists, Third-party knowledge providers and End Users