Subscription-based Gaming Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research IncPosted by Sona Kulkarni on September 4th, 2023 Subscription-based Gaming Market Growth & Trends The global subscription-based gaming market size is anticipated to reach USD 24.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.8% from 2022 to 2030. The increasing adoption of various technological advancements such as AI-based rendering, the usage of big data, and the metaverse is expected to create growth opportunities for subscription-based gaming service providers in the global market. In April 2021, Facebook launched the Oculus Quest 2 standalone wireless virtual reality headset for USD 300, which had 50% more pixels than the previous model. Moreover, the market is witnessing a rise in popularity owing to factors such as the growth of the mobile gaming industry and the increase in penetration of high-speed internet. For instance, in 2022, according to a Gaming Spotlight 2022 report, mobile gaming accounted for USD 136 billion out of a total of USD 222 billion gaming market. The COVID-19 pandemic had a positive impact on the market. A global increase in COVID-19 cases slowed the economy, and many corporations were shutting down as a result of partial or total lockdown. However, despite the pandemic, video gaming firms continued to provide their services. The pandemic resulted in an increase in data usage globally, for instance, according to Verizon Networks data consumption for gaming purposes saw an increase during the pandemic. There was a 75% increase in data consumption from March 8 to 15 in 2020, which indicated that many people used gaming as a means to spend their time. The use of virtual private networks (VPNs) climbed by 34%, while online traffic increased by 20% and video bandwidth consumption by 12%. Request a free sample copy or view report summary: Subscription-based Gaming Market Report Subscription-based Gaming Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-subscription-based-gaming-market Subscription-based Gaming Market Segmentation Grand View Research has segmented the global subscription-based gaming market by device type, gaming genre, and region: Subscription-based Gaming Device Type Outlook (Revenue, USD Million, 2017 - 2030)
Subscription-based Gaming Genre Outlook (Revenue, USD Million, 2017 - 2030)
Subscription-based Gaming Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players of Subscription-based Gaming Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
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