Racing Games Market Emerging Audience, Emerging Factors, Segments, Sales
Posted by Sakshi Mishra on April 26th, 2021
Global Racing Games Market – Regional Analysis
he Asia Pacific region dominates the global racing games market. The largest market share attributes to the burgeoning media & entertainment industry. Besides, the penetration of advanced games drives the market demand, witnessing increased demand. Also, the rise in affordable gaming hardware has increased PC and console gamers in the region.
Growing markets such as Japan, China, Korea, and India substantiate market growth, augmenting the demand for various games. The APAC racing games market is estimated to retain its dominance throughout the forecast period.
North America stands second in the global racing games market. The market growth is driven by the advances in technologies and the market proliferation of smart and connected devices. Additionally, the presence of notable industry players and well-established infrastructures fosters market growth, allowing a favorable environment for the development of technologies. The North American racing games market is estimated to create a substantial revenue pocket throughout the review period.
The Europe racing games market is witnessing rapid growth. The region has a strong presence of key game developers and prominent game development studios in the world, accelerating the growth of the market. Moreover, the increasing adoption of mobile phones has led to an increase in gamers in the region.
Also, factors such as the emerging gaming industry and the high adoption of interactive games in the region boost market growth. The racing games market in the European region is expected to witness rapid growth over the forecast period.
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The MRFR report provides a detailed segmental analysis of the global racing games market based on type and application.
By type, the global racing games market is segmented into web-game type and client type. Of these, the client type segment will lead the market over the forecast period. It is anticipated to grow at a favorable 11.3% CAGR by 2025.
By application, the global racing games market is segmented into racing simulators, cosole, PC, and mobile. The cosole segment is again segmented into PlayStation, XBOX, and others. Of these, the mobile segment will dominate the market over the forecast period. This region is predicted to grow at an 11.4% CAGR by 2025. This will be followed by the PC segment, which is predicted to grow at a 6.5% CAGR during the forecast period.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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