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Allied Market Research

Game Development Software Market by Solution (Software and Services), Application (Mobile Games and PC & Console), and End User (Individual and Enterprises): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06951
Pages: NA
Dec 2020 | 467 Views
 
Author(s) : Stuti Gandhi
Tables: NA
Charts: NA
 

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Game Development Software Market Statistics

A game development software is a specialized to assist in the development of a video game. Tasks handled by gaming software include conversion of assets such as 3D models and textures into a required format for the gaming level editing and script compilation. The software often provides a packaged solution, which supports game development for 2D, 3D, or both. Some of these packaged solutions also offer cross-platform capabilities, which create games across all operating systems in mobile phones, PCs, and consoles. Increase in demand for video game streaming and need for game design software, widely, are expected to boost the market growth. Every game application development company is encouraged to bring advanced platforms that engages and entertains customers with next-generation games. 

Game-Development-Software

Market scope and structure analysis:

                Report Metric

                                           Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($)

  Segments covered

  Solution, Application, End user, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Major players analyzed in the market include Autodesk, Inc., Epic Games, Inc., GDevelop, Microsoft Corporation, Scirra Ltd., Stencyl,LLC The Game Creators Ltd., Unity Technologies, and YoYo Games Ltd.

 

COVID-19 Scenario Analysis: 

  • Presently, individuals are focused majorly on online gaming platforms such as PUBG, Counter-Strike, Dead by Daylight, which are expected to help organizations to work on more gaming development platforms. Especially, during the lockdown period initiated by government people, are staying at home and spending more time on the electronic gadgets, gaming platforms, and social media applications
  • Increase in practice of social distancing reduce consumer and business activity to a minimum however, gaming offers an engaging distraction for people at home looking for social interaction, and increasing users on gaming platform has positive impact on the gaming industry.
  • Games that were released during the pandemic have performed well and are still collecting good revenue and reviews. For instance, Doom Eternal (a first-person shooter videogame) and Animal Crossing (a world-building simulation game) have broken all sales records after launching.
  • Asian gaming giants such as Nintendo and Tencent have witnessed increased sale during the first quarter of 2020.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Emerging trend of 3D modelling techniques significantly drives growth of the game development software market. Proliferation of virtual and augmented games, especially with VR headsets such as HTC Vive, Google Daydream View, and Samsung Gear VR, has added to the demand of gaming software and developers are constantly trying to launch new games with new technologies to increase the user interface. Mobile gaming, augmented realty & virtual reality platforms, wearable games, location-based games, 5G Internet, and cross-platform technology are some of the key factors that are expected to drive the market

growth during the forecast period. 

However, the parallel gaming sector such as cloud gaming, which eliminates the additional purchasing cost of gaming software or downloads act as a restraint for the game development software market. Moreover, growth in popularity of eSports among users pose an opportunity for the market growth.

Increase in smart phone users

Rapid growth in the mobile gaming segment is the major driver for the growth of the global gaming software market. In addition, rise in penetration of internet connected smartphones across the globe  has contributed significantly to the revenue growth of mobile gaming, which, in turn, propels the market growth. The convenience of smartphones to allow users play anywhere and anytime boosts the development of diversified gaming applications, owing to which the market growth is expected to boost significantly in the future. Moreover, rise in immersive and competitive gaming applications on mobile devices and increase in number of gamers also support growth of the market.

Cloud gaming software

Presence of substitutes for gaming software such as cloud gaming, which eliminates the additional download or purchase cost of gaming software, hamper the market growth. Currently, cloud gaming is at its early stage of development, however, with continuous advancements in cloud gaming platform, the gaming software market is expected to get adversely affected in the future. Moreover, rise in popularity of cloud gaming in multiplayer scenarios and greater utilization of cloud gamification boost the market growth. In addition, proliferation of augment reality and virtual reality devices among individuals across the globe, attributed to their immersive experiences is  further expected to positively impact the market growth. 

Key segments covered:

                  Segments

                                                   Sub-segments

  Solutions

  • Software
  • Service

  Application

  • Mobile Games
  • Console & PC Games

  End user

  • Individual
  • Enterprises

 

Key benefits of the report:

  • This study presents the analytical depiction of the global game development software industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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