US Gaming Market is Booming with a CAGR of 7.5% by 2032 |...

US Gaming Market is Booming with a CAGR of 7.5% by 2032

Posted 2024-06-14 11:42:10

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IMARC Group, a leading market research company, has recently releases report titled “United States Gaming Market Report by Device Type (Consoles, Mobiles and Tablets, Computer), Platform (Online, Offline), Revenue Type (In-Game Purchase, Game Purchase, Advertising), Type (Adventure/Role Playing Games, Puzzles, Social Games, Strategy, Simulation, and Others), Age Group (Adult, Children), and Region 2024-2032”. The US gaming market size is projected to exhibit a growth rate (CAGR) of 7.5% during 2024-2032.

The proliferation of smartphones and tablets is making the population of all age groups adopt video games for their entertainment, which is one of the factors propelling the expansion of the United States gaming market. Additionally, internet accessibility is speeding up with the digital transformation, and the augmentation of smartphones is making gaming platforms reach a broader audience, which is contributing to the expansion of the market. In line with this, the market is significantly bolstered by the social advantages of gaming, engaging the games to compete with multiple players globally, thereby escalating the market. Moreover, as the population is inclining more towards entertainment options, the demand for esports is also rising, which is further driving market growth.

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United States Gaming Market Segmentation:

Device Type Insights:

Consoles
Mobiles and Tablets
Computer

Platform Insights:

Online
Offline

Revenue Type Insights:

In-Game Purchase
Game Purchase
Advertising

Type Insights:

Adventure/Role Playing Games
Puzzles
Social Games
Strategy
Simulation
Others

Age Group Insights:

Adult
Children

Regional Insights:

Northeast
Midwest
South
West

United States Gaming Market Trends:

The growing interest in cloud gaming services to ease the playing experience without the need for hardware, offering convenience and reducing entry barriers for casual gamers, is augmenting the United States gaming market. Additionally, to provide more engaging and realistic experiences, the market is integrating technologies such as virtual reality and augmented reality, which are acting as another growth-inducing factor.

Apart from this, as creators use digital distribution channels to reach a large audience and provide unique and varied gaming experiences, the market is experiencing a surge in the adoption of independent games, which is expected to catalyze the United States gaming market in the coming years.

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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