According to study Latin America Digital9
According to study, “Latin
America Digital Gaming Market (2018-2023)” some of the major companies
that are currently working in the Latin America digital gaming market are Activision
Blizzard, Zynga, Electronic ArtsGames Pvt. Ltd., Hoplon Infotainment, Sony
Corp., Playtronic, Microsoft Corporation, Tectoy Inc., Nucleosys Inc., NGD
Studios, Take Two Interactive.
Digital Games are the most profitable sectors of the media and entertainment
industry. It includes gamesthat are played on mobiles, PCs, and Consoles. It provides
a virtual atmosphere limitless with physical space or concrete access to
learning resources. It also assists students by providing practical examples of
perceptions and rules that are difficult to point up in the real world. It is
used for teaching facts that recall(knowledge, rotelearning or memorization
), complex problem solving, principles (effect relationship & cause) and to
boostthe creativity. Some of the booming applications of digital gaming industry
are military & firefighter training, mobile development &augmented
reality and fitness-mental & physicalhealth applications.
On the basis of genres, the
digital gaming market is segmented into role- play action genres, shooter, strategy,
puzzles, adventure games, racing games, role playing games (RPG), sports, plat
formers and other genres. A shooters genre is sub-segmented into scrolling or static.In
scrolling shooters, only part of the combat zone is displayed & screen scrolls
vertically or horizontally.
Some of the key benefits are use
as didactic means, improvement of physical and mental abilities, develop
empathy, encourage teamwork, increase the sense of skill and confidence, foster
positive values and use as leisure & entertainment etc. However the major
drawbacks are increase in the aggressiveness, affect the life in negative way
and create addictionand many others.
Recently, in Latin America, the marketing
and distribution of digital games isremarkably well.In addition, the companies
such as Microsoft and Sonyfurther have new plans for their console markets in the
region that are open to self-governing developers & small studios, which are
responsible for building upconsole gaming in the region.
The Latin America digital gaming
is driven by growing use of smart-phone, followed by favorable environment for
the technology development, increase in the aging population, improvement in
technology, increasing disposable income, rise in the affordability of the
people and government regulation & policies. In addition, low budget games havealso
made in region owing to the economic restrictions. The region also has the
improvement area of internet connectivity in countries such as Paraguay and
Costa Rica adding challenge in the development of digitally downloadable&
online games.
Latin America is an emerging market
for digital gaming. Digital gaming is further recognized as an important part
of the industry endorsement agencies& their business procedures. Video game
segment holds the largest market share in region.It is expected that the Latin
America digital gaming market to grow at a US$ 6.2 billion, at a CAGR of 11.4
%, by 2023. In near future, the market is expected to boost owing to the rise
in gross domestic products (GDP) in the region.
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