Implications of COVID-19 on the Global Role Playing Games Market

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Sep 29, 2020, 07:00 ET

DUBLIN, Sept. 29, 2020 /PRNewswire/ -- The "Role Playing Games Global Market Opportunities and Strategies to 2030: COVID- 19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.

This report describes and evaluates the global role-playing games market. It covers two five-year periods, one three-year period, and one six-year period including, 2015 to 2019, termed the historic period, 2019 through 2023, the forecast period, 2023-2025 forecast period, and 2025-2030 the forecast period.

The global role-playing games market reached a value of nearly $15,793.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.84% since 2015, and is expected to grow at a CAGR of 9.22% to nearly $22,471.3 million by 2023. The market is expected to grow at a CAGR of 6.06% to nearly $25,275.4 million by 2025, and at a CAGR of 6.11% to nearly $34,001.7 million by 2030.

Growth in the historic period resulted from a rise in disposable income, in-game purchases and freemiums, live streamers and gaming influencers, and cross-platform publishing and play. Factors that negatively affected growth in the historic period were stringent regulations, stringent regulations, and overshadowing by other genres. Going forward, increasing use of the internet, technically advanced platforms, and increasing gamers involvement will drive the growth. Factors that could hinder the growth of the role-playing games market in the future include regulatory restrictions to curb RPG games addiction, high cost and system compatibility, and supply chain disruption due to the impact of COVID-19.

The global video games market, of which the role-playing games market is a segment, reached a value of nearly $167.2 billion in 2019, growing at a compound annual growth rate (CAGR) of 13.0% since 2015. It is expected to grow at a CAGR of 7.5% and reach nearly $ 223.1 billion by 2023. The role-playing games market was the fourth largest segment in the global video games market accounting for 9.4% of the total in 2019 and is expected to grow the fastest at a CAGR of 9.2% during 2019-2023.

The role-playing games market size will gain the most in China at $1,638.1 million. Market-trend-based strategies for the role-playing games market include offering streaming video game services, providing in-game advertising to increase revenues, integrating AR and VR technologies in games, offering game software services on the cloud with pay-per-usage payment models, providing subscription-based gaming or pay-as-you-go model, and adopting new-age technologies to improve the product portfolio and to attract newer users. Player-adopted strategies in the role-playing games market include expanding reach through customer engagement strategies, expansion through new product launches, and investing in technological advancements.

Amidst the unprecedented outbreak of coronavirus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has increased short term potential growth opportunities for the role-playing games industry. As more and more people across the globe are quarantined at their houses, they are looking for other ways to keep themselves occupied within the confines of their isolation, and are playing or streaming video games, driving the market for role-playing games.

Key Topics Covered:

1. Role Playing Games Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Role Playing Games Market Characteristics

8. Role Playing Games Market Supply Chain

9. Role Playing Games (RPGs)Market Product Analysis -Product Examples

10. Role Playing Games Market Customer Information

11. Role Playing Games Market Trends And Strategies

12. Implications of COVID-19 On The Role Playing Games Market

13. Global Role-Playing Games Market Size And Growth

14. Global Role-Playing Games Market Segmentation

15. Role-Playing Games Market, Regional And Country Analysis

Companies Mentioned

99Games
Activision Blizzard
Aiming Inc.
Alawar Entertainment
Alderac Entertainment Group
Ambidexter LLC
Apar Games
Babil Games
Bandai Namco Holdings Inc.
Behold Studios
Bethesda Softworks LLC
BUKA Entertainment
Capcom Co., Ltd.
Celestial Games
CodemastersSoftware Company Limited
Creatures Inc.
Daedalic Entertainment
Dedalord
Dream Publishing
Efecto Studios
Electronic Arts
Elex Technology Co., Ltd.
Evil Hat Productions
Frontier Developments plc
Game Freak Inc.
Game Power 7
Gameloft
Griptonite Games India Private Limited
GSC Game World
Happy Elements Technology (Beijing) Limited
Headup Games
Hinterland Studio
Kiro'o Games
KLab Co., Ltd.
Klei Entertainment Inc.
Koei Tecmo Games
Kuluya
Leti Arts
Mail.ru Group
Meridian'93
Microsoft Studios
NetEase, Inc.
Nezal Entertainment
Nintendo
Nival Interactive
Nova Gaming Ventures Private Limited
OKAM Studio
PUBG Corporation
Quirkat
Radical Entertainment Inc.
Sega
Shanghai Everstar Online Entertainment Co .Ltd.
Sony Interactive Entertainment
Space Rhino Games
Square Enix
Supercell
Tahadi Games
Tamatem
Tasalla
Team17 Digital Limited
Tencent Holdings Ltd.
Ubisoft
Valve Corporation
Virtuos Holdings Pte. Ltd.
Xbox Game Studios
XSEED Games

For more information about this report visit https://www.researchandmarkets.com/r/dqix6v

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