Industry Background:
Any game played using an electronic device either online or stand-alone is called digital gaming. In advanced digital games, there are advanced graphics that try to look as close to reality as possible. The rise of the industry has been phenomenal due to increasing sales of the hardware which can take advantage of this gaming and can fully utilize the resources. Rising popularity among young users is also one of the things driving this industry. Apart from this, newer technologies like AR and VR are also contributing to the increasing demand for advanced digital gaming.
This growth is primarily driven by Increasing Demand of Advanced Digital Gaming for Entertainment and Rising Demand of Advanced Digital Gaming Among Teenagers.
Globally, a noticeable market trend is evident Increasing Trend of Game Streaming of Advanced Digital Games. The Casinos & Gaming sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Tencent (China), EA (United States), Krafton (South Korea), Microsoft (United States), Google (United States), Rockstar Games (United States), Epic Games (United States), Activision Blizzard (United States), Big Fish Games (United States) and Bungie (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2021, Krafton a gaming company behind the popular game PUBG announced the acquisition of South Korean game development company, Dreamotion for an undisclosed amount. Dreamotion was found in July 2016 and so far, have released three games for android and iOS devices.
In June 2021, Google Stadia, a platform for Advanced Digital Gaming announced that they will be adding four new games in-stadia pro subscription. Out of which three titles have already launched. The latest titles will go live at midnight PT on 2nd June 2021. Users can visit the store on Android, iOS, or the web to claim the stadia pro games.
Market Drivers
- Increasing Demand of Advanced Digital Gaming for Entertainment
- Rising Demand of Advanced Digital Gaming Among Teenagers
Market Trend
- Increasing Trend of Game Streaming of Advanced Digital Games
Restraints
- Supply-Demand Gap in Gaming Hardware Due to Covid-19 Pandemic
Opportunities
Rapid Innovation in Processing Capabilities Will Increase the Demand of Advanced Digital Gaming and Rise Of Platforms Like Stadia, Xbox Live Will Increase the Demand of Advanced Digital Gaming
Challenges
High Graphics Performance Is Required for Advanced Digital Gaming and Making Advanced Digital Gaming Is Very Complex and Can Take Years for Development
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Advanced Digital Gaming Study Sheds Light on
The Advanced Digital Gaming Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Advanced Digital Gaming industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Advanced Digital Gaming industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.