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Gaming Market , 53% of Growth to Originate from APAC, Technavio

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NEW YORK, Dec. 16, 2024 /PRNewswire/ — The global gaming market size is estimated to grow by USD 117.2 Billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 9.56% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2023

Forecast period

2024-2028

Historic Data for

2018 – 2022

Segments Covered

Type (Casual gaming and Professional gaming), Platform (Online and Offline), Device (Mobile gaming, Console gaming, and PC gaming), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) 

Key Companies Covered

Activision Blizzard Inc., Apple Inc., Bandai Namco Holdings Inc., Bowlero Corp., Chicago Gaming Co., DeNA Co. Ltd., Electronic Arts Inc., Epic Games Inc., GungHo Online Entertainment Inc., Microsoft Corp., NetEase Inc., Netmarble Corp., Niantic Inc., Nintendo Co., Ltd., Rovio Entertainment Corp., Sony Group Corp., Square Enix Holdings Co. Ltd., The Walt Disney Co., Ubisoft Entertainment SA, and Zeptolab UK Ltd. 

Regions Covered

APAC, North America, Europe, Middle East and Africa, and South America

Region Outlook

North AmericaEuropeAsiaRest of World

1. APAC – APAC is estimated to contribute 53%. To the growth of the global market. The Gaming Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027.  The gaming market offers an form of home entertainment for individuals of all ages, providing graphics-rich experiences that transport players into new worlds. Video games offer various forms of entertainment, from stress relief through relaxing activities like painting and crafting, to intense gaming sessions featuring tactical missions in first-person shooter or action games. Teamwork and a sense of achievement are key elements in many games, offering self-satisfaction and joy. The youth population and older adults alike find solace in gaming as a form of indoor leisure activity. With advancements in technology, mobile games and 4G connectivity enable gaming on the go, making it accessible to a wider audience. However, concerns regarding addiction issues persist, particularly with intense gaming and social anxiety. Graphics have evolved significantly, with 3D realistic graphics becoming the norm in many games. Gameplay caters to diverse interests, including sports, role-playing, and strategic missions. Home entertainment systems and mobile cellular subscriptions have made gaming a popular pastime, offering a wide range of options for family game time and personal enjoyment.

The gaming market is a significant business sector, attracting numerous investors and companies. In 2020, the global gaming market revenue reached USD159.3 billion. Consumers spend on gaming hardware, software, and subscriptions. Popular genres include action, adventure, sports, and strategy games. The market’s growth is driven by technological advancements, increasing internet penetration, and the rising popularity of esports. Companies focus on creating engaging games, enhancing user experiences, and expanding their reach through various platforms.

For more insights on APAC’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

Type 1.1 Casual gaming1.2 Professional gamingPlatform 2.1 Online2.2 OfflineDevice 3.1 Mobile gaming3.2 Console gaming3.3 PC gamingGeography 4.1 APAC4.2 North America4.3 Europe4.4 Middle East and Africa4.5 South America

1.1 Fastest growing segment:

The casual gaming market refers to the segment of video games that do not demand extensive time commitment from players. Casual gamers are individuals who enjoy playing games without investing significant resources or time. Companies providing casual gaming services generate revenue by licensing gaming software to end-users. The casual gaming sector is expanding due to the rising popularity of mobile gaming. Unlike dedicated gamers, casual gamers do not invest in gaming peripherals. They prefer mobile devices over PCs and consoles due to easy access to games. Many casual gamers opt for online mobile gaming, enabling them to play their preferred games from anywhere at any time. The accessibility of casual games, their ease of use, and their compatibility with various devices have made them popular among a broad audience. Additionally, the social interaction aspect of casual games, where players can engage with friends or family, adds an extra layer of enjoyment. For instance, Player Unknown’s Battlegrounds (PUBG) is a successful online multiplayer battle royale game that offers social interaction opportunities. Players can communicate using voice chat, enhancing the gaming experience, particularly when playing with friends. This social element contributes to the overall growth of the casual gaming market.

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

Research Analysis

The gaming market is a thriving industry that provides endless entertainment for people of all ages and backgrounds. With the rise of home entertainment systems, video games have become a popular form of stress relief and a source of joy for kids and older adults alike. For the youth population, gaming offers a sense of achievement, self-satisfaction, and social connection through teamwork and multiplayer games. The market caters to various genres, including shooter, action, sports, role-playing, and educational courses, with 3D realistic graphics and tactical missions adding to the experience. The advent of mobile phones, tablets, and 5G technology has made gaming more accessible than ever before, according to the latest GSMA report. Whether it’s for family game time, indoor activities, or a way to combat social anxiety, gaming offers something for everyone.

Market Overview

The gaming market is a vibrant and ever-evolving industry that offers a world of entertainment for people of all ages. From kids to older adults, video games provide a sense of joy, achievement, and self-satisfaction. They serve as an excellent stress reliever and a way to foster teamwork and social connections. With the rise of home entertainment systems and advanced technology, gaming has become a popular leisure activity for individuals and families. Indoor games, including painting, crafting, and mobile games, have gained significant traction, especially during the pandemic. The youth population and internet users are particularly drawn to mobile gaming, with smartphones and tablets becoming essential tools for accessing games. However, concerns around addiction issues and intense gaming can lead to negative consequences, such as social anxiety and isolation. Technology advancements, including 4G connectivity, mobile cellular subscriptions, and the emergence of 5G, have revolutionized the gaming landscape. Cloud gaming services and mobile gaming have become increasingly popular, with new genres and game worlds offering experiences. Game developers continue to push the boundaries of storytelling, graphics, and gameplay, incorporating virtual reality (VR) and augmented reality (AR) into their creations. The game creation process has become more accessible with cloud platforms and online gaming platforms, enabling individuals to design and develop their games. The gaming industry is constantly evolving, with new trends, technologies, and genres emerging regularly. Whether it’s action, sports, role-playing, or tactical missions, there’s a game for every preference and skill level. Attractive weapons, multiplayer functionality, and 3D realistic graphics add to the overall gaming experience. Education courses and game design programs also offer opportunities for individuals to learn and grow within the industry.

Start exploring market insights by Download a FREE Sample Report in minutes!

Key Topics Covered:

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket SegmentationCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsVenodr LandscapeVendor AnalysisAppendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

ACE Shutters One of the Largest Live Sports Piracy Rings in the World

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Vietnam-based Markkystreams[dot]com and 137 Associated Domains Comprise Largest Live Sports Piracy Operation Takedown to Date  

LOS ANGELES, Dec. 20, 2024 /PRNewswire/ — The Alliance for Creativity and Entertainment (ACE), the world’s leading anti-piracy coalition, announced the shutdown of a notorious live sports piracy ring based in Vietnam and viewed extensively throughout the world.

Combined, the operation’s illicit sites logged 812M visits over the past 12 months, making it one of the largest sports piracy rings in the world, and the largest sports piracy ring taken down by ACE to date. The shuttered sites include notorious sports piracy targets such as bestsolaris[dot]com, streameast[dot]to; markkystreams[dot]com; crackstreams[dot]dev; and weakspell[dot]to.

Through an intensive, global investigation, ACE identified and approached the sites’ Hanoi-based operators, who agreed to immediately transfer 138 domains to ACE.

“The shutdown of this globally notorious live sports piracy ring is a huge victory in our campaign against the piracy of live sports programs and follows other recent successful actions by ACE and law enforcement in Vietnam,” said Larissa Knapp, Executive Vice President and Chief Content Protection Officer for the Motion Picture Association (MPA). “ACE’s live sports members face a unique threat when it comes to digital piracy, as live sports broadcasts lose substantial commercial value once the game ends. The takedown serves as a warning to piracy operators everywhere – including operators in live sports piracy – that ACE will identify and shut down their illegal operations.”

Primarily targeting audiences in the U.S. and Canada, the sites streamed sports events daily, including content from all the U.S. sports leagues and global leagues of every category. The illicit operation affected all ACE members, including ACE’s sports tier members beIN Sports, Canal+ and DAZN.

“DAZN stands with ACE in the fight to eradicate piracy, which undermines the sports ecosystem at all levels,” said Ed McCarthy, Chief Operating Officer of DAZN. “It is very pleasing that a criminal operation of this scale was taken down. Piracy often compromises the security of fans’ data, which is then used for illegal purposes, so the closure of this piracy ring has the added benefit that potential subscribers will be guided toward legitimate content providers like DAZN.”

All sites will be redirecting to the ACE “Watch Legally” page.

About The Alliance for Creativity and Entertainment

The Alliance for Creativity and Entertainment (ACE) is the world’s leading coalition dedicated to protecting the legal creative market and reducing digital piracy. Driven by a comprehensive approach to addressing piracy through criminal referrals, civil litigation, and cease-and-desist operations, ACE has achieved many successful global enforcement actions against illegal streaming services and unauthorized content sources and their operators. Drawing upon the collective expertise and resources of more than 50 media and entertainment companies around the world—including sports channels and associations—and reinforced by the Motion Picture Association’s content protection operations, ACE protects the creativity and innovation that drives the global growth of core copyright and entertainment industries. The current governing board members for ACE are Amazon, Apple TV+, Netflix, Paramount Global, Sony Pictures, Universal Studios, The Walt Disney Studios, and Warner Bros. Discovery. Charles Rivkin is Chairman and CEO of the Motion Picture Association and Chairman of ACE. For more information, visit www.alliance4creativity.com.

About DAZN

DAZN is the world’s leading sports entertainment platform. It broadcasts over 90,000 live events annually and is available in more than 200 markets worldwide. DAZN is the home of European football, women’s football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more, including the FIFA Club World Cup 2025™.  DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect. Live and on-demand sports content, anywhere, in any language, on any device – only on DAZN. For more information on DAZN, our products, people, and performance, visit www.dazngroup.com

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SOURCE Alliance for Creativity and Entertainment (ACE)

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HKBN Announces the Retirement of the former Board Chairman Bradley Jay Horwitz and Appointment of Cordelia Chung as the New Board Chairman

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HONG KONG, Dec. 20, 2024 /PRNewswire/ — HKBN Ltd. (“HKBN” or the “Company”; SEHK stock code: 1310) has announced the retirement of Mr. Bradley Jay Horwitz, the former Chairman of the Board, effective from 12 December 2024.  Mr. Horwitz, after nine years of exemplary leadership that has transformed HKBN into an ICT Powerhouse post-IPO, leaves behind a remarkable legacy.  Following Mr. Horwitz’s retirement, Ms. Cordelia Chung, an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Board.  She also serves as the Chairman of the Nomination Committee and the Remuneration Committee, as well as a member of the Audit Committee of the Company. Ms. Chung’s extensive knowledge, strategic insights, and leadership capabilities make her the ideal leader to steer HKBN through its next phase of growth and innovation.

Mr. William Yeung, HKBN Co-Owner & Executive Vice-chairman & Group Chief Executive Officer, said: “Under Mr. Horwitz’s stewardship, HKBN achieved numerous significant milestones since taking the helm immediately following our IPO.  Mr. Horwitz oversaw our transformative vision to grow into an ICT Powerhouse through industry-shaking M&As.  His vision and dedication have been instrumental in shaping our Company’s success in both the residential and enterprise markets. On behalf of the entire HKBN family, we extend our deepest gratitude to Mr. Horwitz for the crucial role he played in advancing HKBN.  We also warmly welcome Ms. Chung as our new Board Chairman. With her extensive experience in multinational leadership, specialising in information technology, Ms. Chung’s vision and depth of experience will lead HKBN to another milestone in its journey towards a sustainable, successful and innovative future.”

Ms. Cordelia Chung, HKBN Board Chairman and Independent Non-executive Director, said: “It is a great honour and privilege to be appointed as the Chairman of the Board of HKBN.  I will continue to work closely with the Board and the management team to uphold our commitment to excellence.  I am thrilled to lead the Company’s growth as HKBN continues to shape the future of connectivity and digital technology in Hong Kong and beyond.”

Ms. Chung is a corporate leader with extensive multinational and industry experience, specialising in information technology. Ms. Chung currently serves as independent non-executive director on a number of boards of different companies, including Arup Group Limited, Hang Seng Bank Limited, Hysan Development Company Limited, and HKSTP Foundation Limited.  Ms. Chung is a recipient of the Medal of Honour, awarded in 2024 by the HKSAR Government for her contributions in promoting innovation and technology and active participation in public service, as well as the Directors of the Year Award in 2022 by the Hong Kong Institute of Directors.  Ms. Chung spent over 20 years with IBM, a leader in information technology, and was the first Asian female executive to sit on the IBM Chairman & CEO’s Strategy Team, setting strategic directions for IBM globally across 175 countries.  By leveraging Ms. Chung’s profound experience, HKBN is poised to elevate its position as a pioneer in the ICT industry.

For more details, please refer to the announcement:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1127/2024112701157.pdf

About HKBN Ltd.
HKBN Ltd. (SEHK Stock Code: 1310, together with its subsidiaries, “HKBN” or the “Group”) is an investment holding company.  Headquartered in Hong Kong with operations spanning across Hong Kong, Macau and mainland China, the Group is a leading integrated telecommunications and technology services provider. The Group provides a full range of one-stop, high-quality information and communication technology (ICT) solutions and an unlimited services portfolio. HKBN’s extensive tri-carrier fibre infrastructure covers around 2.6 million residential homes and 8,200 commercial buildings and facilities across Hong Kong. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a core purpose to “Make our Home a Better Place to Live” and has received a highest possible rating of AAA in MSCI’s 2024 ESG Ratings assessment in environment, society and governance. The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN. For more information about HKBN, please visit https://www.hkbn.net/group/en.

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SOURCE HKBN Ltd.

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KFin Technologies joins BlackRock’s Aladdin Provider Network

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HYDERABAD, India, Dec. 20, 2024 /PRNewswire/ —  KFin Technologies Ltd. (KFintech) (BSE: 543720); (NSE: KFINTECH) a leader in technology and fund administration solutions for asset management – has joined BlackRock’s Aladdin Provider network to enhance its operating model with asset managers, making it more standardised and efficient. The collaboration will see KFintech join a growing community of the world’s largest asset servicers – enabling it to offer differentiated fund administration and accounting services to clients.

The asset management industry can often be constrained by legacy systems, manual processes, inconsistent data standards and limited integration across workflows, all of which can lead to sizeable inefficiencies and risks for companies.

By leveraging the Aladdin® platform’s propriety data interfaces and workflows, KFintech will be able to better integrate the flow of data with asset managers. This will also enable KFintech to digitize manual processes, align reference data and research fund activity in real-time, and conduct middle office operations on behalf of clients.

Sreekanth Nadella, Managing Director and CEO of KFin Technologies said, “It is a matter of pride for KFintech to join BlackRock’s Aladdin Provider network. We are excited to leverage Aladdin’s sophisticated data connectivity capabilities to enhance the service we provide to clients, allowing them to benefit from a more streamlined operating model, increased automation, and a reduction in the risk of errors.

The collaboration aligns with our vision to deliver transformative and data-driven solutions to the asset managers by expanding our capabilities globally. KFintech – with its expertise spanning over four decades in asset servicing solutions and digital and big data solutions – will be further propelled by Aladdin’s data connectivity capabilities to provide a compelling value proposition to the asset managers.”

Tarek Chouman, Global Head of Aladdin Client Business, BlackRock, said, “We are delighted to welcome KFintech to the Aladdin Provider network and enable our shared clients to connect data seamlessly through a single platform and bring clarity and efficiency to the entire investment workflow.”

About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH):

KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding, mobility solutions, transaction origination and processing for alternate investments, mutual funds, unit trusts, insurance investments, and private retirement schemes to 60+ global asset managers in Malaysia, Philippines, Singapore, Hong Kong, Thailand, Middle East, and Canada. In India, KFintech is the largest investor solutions provider to Indian mutual funds servicing 24 asset management companies (AMCs) out of the 43 AMCs in India, as on September 30, 2024, and the largest issuer solutions provider in India servicing 6,677 corporates, as on September 30, 2024. In mutual funds, over the last five years, the Company has been continuously gaining market share in the overall AAUM serviced, which has improved from 27% in fiscal year 2021 to ~32% for the period ended September 30, 2024. KFintech is also the largest transfer agent and fund administrator to alternative investment funds (AIFs) in India servicing 526 AIFs out of 1,402 AIFs registered with SEBI, as on September 30, 2024. In addition, the Company also offers technology platform-based solutions to portfolio and wealth managers and is the second largest central record keeping agencies for the National Pension System in India, servicing 1.4 million pension subscribers, capturing 8.9% market share in the overall subscriber base, as on September 30, 2024. General Atlantic Singapore Fund Pte Ltd ( ” GASF” ), a leading global private equity investor, is the promoter of the company.

About BlackRock Aladdin®

Aladdin® is a tech platform that unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation.

As a strategic partner to institutional investors including asset managers, pension funds, insurers, and corporate treasurers, Aladdin® combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, and accounting tools on a single, unified platform. BlackRock’s Aladdin® platform is a financial technology platform designed for institutional use only and is not intended for end investor use.

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