World News: 14:01 GMT Wednesday 7th August 2019. [Allied Market Research via Globe Newswire via SPi World News]
Portland, OR, Aug. 07, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global was pegged at $3.20 billion in 2017 and is projected to reach by 2023, registering a from 2017 and 2023.
Rise in need for better user engagement platforms, significant adoption of virtual reality in training and development activities, growing use of mobile-based education games, and improvement in learning outcomes are the major drivers for the growth of the global serious games market. However, lack of awareness regarding advantages and usage of serious games and unsuitable games designs hamper the market growth. On the contrary, an inclination of the organization toward interactive advertisements and large-scale digitization, and the emergence of social networks are expected to create lucrative opportunities in the near future.
The global serious games market is divided on the basis of user type, application, industry vertical, and geography. Based on user type, the market is segmented into enterprises and consumer. The consumer segment held the largest share in 2017, contributing more than half of the market. However, the enterprises' segment is expected to register the fastest CAGR of 19.9% during the forecast period.
On the basis of application, the market is bifurcated into advertising & marketing, simulation training, research & planning, human resources, and others. The simulation training segment held the lion’s share in 2018, accounting for more than two-fifths of the market share. Moreover, the segment is projected to manifest the fastest CAGR of 19.4% during the forecast period.
Based on industry vertical, the market is divided into healthcare, aerospace & defense, government, education, retail, media & entertainment, and others. The education segment held a significant share in the market in 2017, garnering nearly one-fifth of the market and is expected to portray the fastest CAGR of 20.2% through 2023.
The is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-pacific region dominated the market, contributing around two-fifths of the market in 2017. However, the market across Europe is estimated to register the fastest CAGR of 20.3% during the study period.
The global report includes an in-depth analysis of the major market players such as BreakAway, Ltd., DIGINEXT, Designing Digitally, Inc., Intuition, IBM Corporation, Nintendo Co., Ltd., Learning Nexus Ltd., Revelian, Promotion Software GmbH, and Tata Interactive Systems.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Globe Newswire: 14:01 GMT Wednesday 7th August 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.