Arcade Gaming Market to Grow by US$ 1 66 Billion During 2021 2025 Key Drive
The report provides detailed analysis of the arcade gaming market. It covers the latest trends and future developments in the market and includes profiles of around 25 vendors. Some of them include BANDAI NAMCO Entertainment Europe SAS, Bay Tek Entertainment Inc., Capcom Co. Ltd., CXC Simulations, D-BOX Technologies Inc., International Games System Co. Ltd., and PrimeTime Amusements. The report identifies key drivers and challenges in the industry, including increasing physical activity and high maintenance costs.
Increasing physical activity
Arcade gaming market is growing at a rapid pace due to the growing physical activity of people. While the overall market is expected to reach $ 1.66 billion by 2022, the market will witness a CAGR of nearly 2% over the same period. The market growth projections are based on detailed analysis of market trends, drivers and forces. These analyses help businesses understand the growth opportunities and challenges, and formulate strategies for the future.
The arcade gaming market is becoming increasingly competitive, and vendors are adopting various growth strategies to sustain their market share. Some of these strategies include M&As and other inorganic strategies. By 2025, APAC is projected to account for 51% of the market growth, with China, Japan, and South Korea being the primary markets in this region.
Investing in research and development
With the emergence of new technologies, it is essential to invest in research and development of games and technology. In recent years, there has been a lot of investment in the gaming industry. While many companies are focusing on expanding their business via acquisitions, others are focusing on investing in R&D and investing in new technologies. The gaming industry is expected to continue growing in the next few years.
When investing in the arcade gaming market, it is important to know the type of game you’re interested in. Most investors are interested in games that can compete with other games in the market. Many investors prefer to invest in later stages of development because they have a higher chance of success. Others prefer to invest in the early stages, so they can influence the development process. Generally, investors are interested in investing in games that are in a certain genre, but there are some investors who are more general in their focus. Many investors are drawn to AAA games, which typically generate higher profits.
Mobile games
The mobile arcade gaming market is expected to grow by US$ 1.66 billion by 2025, according to a new report by Technavio. The report offers a comprehensive analysis of the industry and the companies operating in it. This includes information about key vendors and their production, sustainability, and prospects.
Various vendors are competing for a share of the market. Some of them include Activision Blizzard, Electronic Arts, Take-Two Interactive, and Zynga. The competition is expected to increase as the number of mobile gamers increases, and governments around the world introduce policies to boost local mobile games markets. However, vendors with strong R&D capabilities will likely enjoy an advantage in developing sophisticated games. Large companies can also expand their reach through mergers and acquisitions.
Augmented reality
The growth of augmented reality gaming is expected to be driven by several factors. One of them is the rise in popularity of mobile games. Another is the growing adoption of AR and VR marketing strategies in the business world. With these two factors working together, the augmented and virtual reality gaming market is expected to grow at a CAGR of 40.7% over the next five years.
According to the report, the consumer segment has the largest share in the augmented and virtual reality market. This segment is expected to continue dominance in the coming years. However, the enterprise segment is expected to grow at the fastest rate. This is due to the fact that these technologies have wide applications in various industries, thereby reducing field staff training costs and increasing customer satisfaction.
