CALIFORNIA, UNITED STATES, February 23, 2023 /EINPresswire.com/ -- The latest research from Coherent Market Insights, titled "Global Social Gaming Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030," offers a detailed analysis of the global Social Gaming market. This research comprehensively covers the Social Gaming market drivers, emerging trends, development opportunities, and market constraints that may impact Social Gaming's dynamics. The report estimates the global Social Gaming market size and examines the major international competitors' recent strategic actions. The study evaluates the market volume over the expected time period. Every piece of data, including percentage share splits and breakdowns, is derived from secondary sources that have been cross-checked with primary sources twice.

According to Coherent Market Insights, The global social gaming market was valued at US$ 17.40 Bn in 2019 and is estimated to reach US$ 57.44 Bn by 2027 exhibiting a CAGR of 16.1% between 2020 and 2027.

Global Social Gaming Market New Report 2023 is Spread Across [130 Pages] provides thorough data on the important variables driving the growth of the Social Gaming market at the national and local level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country growth opportunities, Key company profiles, SWOT, Porter's Five Forces models, product portfolio, and growth strategies.

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Overview:

Social gaming has become a potent tool for fostering interpersonal interaction. Social gamers are more sociable and have a large social network than typical gamers. Social gamers are not concerned with winners or losers despite their low achievement levels. Even so, they might utilize a gamertag. A lot of reasons have contributed to the expansion of social gaming. Social networks are first and foremost useful for playing games and a fantastic method to draw in new users. Second, customers are increasingly eager to play social games since they are inexpensive. Most social games are no-cost and readily accessible on mobile platforms.

Players Included:

• Zynga Inc.
• Wooga GmbH
• Playtika Ltd.
• King
• Tencent Holdings Ltd.
• Electronic Arts Inc.
• Renren Inc.
• CrowdStar
• Booyah Inc.
• Social Point

Detailed Segmentation:

Global Social Gaming Market, By Segment:
‣ Virtual Goods
‣ Advertising
‣ Lead Generation/Offers

Global Social Gaming Market, By Gender:
‣ Male
‣ Female

Global Social Gaming Market, By Age Group:
‣ 13 – 18 years
‣ 19 – 25 years
‣ 26 – 35 years
‣ 36 – 45 years
‣ 46+ years

Regional Analysis:

◘ North America (U.S., Canada, and Mexico)
◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

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Market Dynamics:

During the course of the projected period, rising smartphone usage and demand globally are anticipated to fuel market expansion for social gaming. Smartphones are capable of running a variety of operating systems, including Android, Windows, iOS, and Blackberry OS, allowing users to multitask. For instance, Asus declared in February 2022 that their gaming smartphones, the ROG Phone 5s and the ROG Phone 5s Pro, will debut in India in that month.

Nevertheless, issues such as a lack of financing, outdated internet infrastructure, the rising need to combat piracy, and limitations on the use of social networking sites in some emerging nations are projected to restrain the expansion of the worldwide social gaming market throughout the forecast period.

Impact of COVID-19:

The Covid-19 pandemic, which spread to more than 200 nations worldwide, had an impact on a number of sectors. To stop the spread of the virus, many nations announced nationwide lockdowns. People were required to adhere to the lockdown procedures and remain inside their houses while many companies and industries were shut down. Internet and smartphone adoption accelerated during this time. People all throughout the world have embraced online gaming in large numbers. As a result, the Covid-19 epidemic had a favorable effect on the social gaming sector.

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Key Takeaways:

• Due to rising internet connection and the introduction of high bandwidth network connectivity, the worldwide social gaming market is predicted to expand at a CAGR of 16.1% over the forecast period. For example, China Broadnet, formerly known as China Broadcast Network, began offering 4G and 5G internet services across the nation in June 2022.

• Throughout the projected period, the global market for social gaming is expected to have the substantial expansion, particularly in the Asia Pacific region. This expansion can be ascribed to the area's expanding internet connectivity, vast demographic pool, and rise in disposable income.

Key Reasons to Buy this Report:

- The use of recent data that our own researchers have recently obtained. These provide you access to past and future data that is examined to reveal the reasons why the market for Social Gaming is changing; this helps you to anticipate changes in the industry and stay one step ahead of your rivals.

- The precise analysis, comprehensible graph, and table formats will make it easy for you to discover the data you need.

- Identifies the market sector and geographic area most likely to see rapid growth and market dominance.

- A regional research outlining the market dynamics in each region and how the product or service is used there.

- Detailed company profiles for the key market players, including company overviews, company insights, product benchmarking, and SWOT analyses for prominent market players, as well as information on recent service/product launches, collaborations, business expansions, and acquisitions of firms featured in the previous five years.

- The industry's market outlook, which considers current changes such as growth potential, drivers, and challenges in both emerging and developed markets.

- Porter's five forces analysis is used to provide a comprehensive insight into the market from a variety of angles.

- Offers market growth prospects for the foreseeable future as well as an understanding of the industry through a Value Chain-Market Dynamics scenario.

FAQ's:

➣ What is the estimated growth rate and market size of the Social Gaming industry for the forecasted years 2023–2030?
➣ What are the key variables that affect the global Social Gaming market?
➣ What are the global Social Gaming market's expected and current results trends?
➣ What impact did COVID-19 have on the global market for Social Gaming?
➣ What is the product-based segmentation of the Social Gaming market?

Table Of Content:

1. Research Objectives and Assumptions

▪ Research Objectives
▪ Assumptions
▪ Abbreviations

2. Market Purview

▪ Report Description
- Market Definition and Scope

▪ Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region

▪ Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

▪ Market Dynamics
- Drivers
- Restraints
- Market Opportunities

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About Coherent Market Insights:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed to playing a leading role in offering insights into various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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Coherent Market Insights Pvt. Ltd.
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