The us video game industry outlook to 2017 press release


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The us video game industry outlook to 2017 press release

  1. 1. THE US VIDEO GAME INDUSTRY TO REACH USD 40,540 MILLIONBY 2017: KEN RESEARCHFuture Growth Led by Surging market of Online and Mobile GamesNew Delhi: 15 February 2013: The US was the largest market for video games in CY’2012, witha majority share in the global video game industry, followed by Japan and China. Growingpersonal disposable incomes, penetration of broadband, increasing population of video gameplayers, rise in the number of new games and increase in the time spent on video games are someof the factors for the growth of the US video games industry.The video games market in the US has witnessed a decline in recent years on account of slowersales of video game hardware and software. Hardware sales have been adversely affected by thematuring current generation of video game consoles. The advent of relatively cheaper games onthe online and mobile platform has lead to significant changes in the traditional distribution ofvideo game software through the US retail. However a surge in the social gaming population aswell as increased adoption of smart phones and tablets has provided a much needed thrust to thevideo game sector in the US. The video game industry in the US is comprised of large hardwaremanufacturing entities, several independent software manufacturers and a gamut of smallunorganized video game developers. The US video game industry revenues have increased fromUSD 13,300 million in CY’2006 at a CAGR of 8.5% during CY’2006-CY’2012.According to the research report “The US video game industry future outlook to 2017 –Transition from Console to Online and Mobile Gaming”, the US video games market willgrow at a considerable CAGR rate and will USD 40,540 million by 2017 due to the major pushfrom online and mobile gaming in the US.“While rising disposable incomes, soaring population of video game players and an increase inthe time spent on gaming will result in increased spending on video games in the US, steep risein penetration of broadband and mobile phones and a subsequent increase in the online gamingand mobile gaming, are expected to hamper the performance of the retail segment for videogame hardware and software sales, according to the Research Analyst, Ken Research.The report provides detailed overview on the video games market in the US and aids reader toidentify the ongoing trends in the industry and anticipated growth in future depending uponchanging industry dynamics in coming years. The report will help industry consultants, videogame companies and other stakeholders to align their market centric strategies according toongoing and expected trends in future.