Technavio recently released an industry report entitled “Game Development Software Market by Component Placement and Geography – Forecast and Analysis 2021-2025”. In this piece, it was revealed that the video game development market is expected to grow by $47.5 million between 2021 and 2025.
“Growth in demand for PC games and gaming consoles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments,” the report reads. “The increasing popularity of esports tournaments is likely to emerge as one of the primary drivers of the market. However, the availability of open-source game development software may threaten the growth of the market.”
Technavio is a global technology research company. They have over 500 specialized analysts that have conducted more than 17,000 reports and counting, covering 800 technologies across 50 countries.
(All information was provided by PR Newswire, Technavio, WFMZ-TV)
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