Global Console Games Market Outlook, Opportunities And Strategies

December 10, 2021December 10, 2021 by The Business Research Company

Learn about the global console games market through The Business Research Company, which provides information on console games market size, console games market drivers and restraints, console games market players, the COVID-19 impact on the console games market, and more.

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The global console games market is expected to grow from $40.69 billion in 2020 to $42.44 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The console games market is expected to reach $65.74 billion in 2025 at a CAGR of 12%.

The rapid increase in the number of active gamers across the world is expected to drive innovation in console games manufacturing, thus driving the market during the forecast period.

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The console games market consists of sales of console games.

Global console games market segments include:

By Type: Digital Console Games, Online/Microtransaction Console, Physical Console Games

By Application: Shooter, Action, Sport Games, Role-Playing, Adventure, Racing, Fighting, Strategy, Others

By Device: TV, Computer/PC, System Consoles

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

There has been a rapid growth in the mobile/tablet gaming owing to introduction of new smart phones/tablets with enhanced features to play video games without having to connect an external device/console. Moreover, console video game developers are adopting to subscription-based gaming.

TBRC’s console games market report covers:

Major Market Players: Tencent Games, Sony Interactive Entertainment, Microsoft Studios, Activision Blizzard and EA.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Console Games Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides console games market overviews, analyzes and forecasts market size, share, console games market players, console games market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s console games market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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