The board games market will register a CAGR of nearly 17% by 2023
May 15 2019 - 8:25PM
PR Newswire (US)
NEW YORK, May 15, 2019 /PRNewswire/ -- About this
market
Rapid improvements in content designs and gameplay quality will
drive the growth of the market during the forecast period. The
development of story driven board games involves a framework that
enables participants to interact with each other in an easy and
non-superficial manner while ensuring strong engagement throughout
the duration if the play. The classic board games have undergone
updates in illustrations and gameplay to cater to changing market
demand. Analysts have predicted that the board games market will
register a CAGR of nearly 17% by 2023.
Download the full report:
https://www.reportbuyer.com/product/4594209/?utm_source=PRN
Market Overview
Rising popularity of strategy based games
The global board games market is witnessing the rising popularity
of strategy based games. Vendors are increasingly focusing on
making game management easy. Game developers are able to streamline
gameplay and game management in a better way by handling over the
responsibility of running strategy based game to smartphone
applications.
Threat from alternate gaming platforms
The growing threat from alternative gaming platforms is expected to
hinder the growth of board games market. Factors such as rising
penetration of mobile devices has seen the emergence of myriad
mobile based games. Further, technological advances enables these
applications to offer superior engagement and immersive experience.
through extensive storytelling and detailing.
For the detailed list of factors that will drive and challenge the
growth of the board games market during the 2019-2023, view our
report.
Competitive Landscape
The market appears to be fragmented and with the presence of
several companies. Factors such as the rapid improvements in
content designs and gameplay quality coupled with rising popularity
of strategy based games, will provide considerable growth
opportunities to board games market. CMON Limited asmodee, Hasbro,
Mattel, and Ravensburger AG are some of the major companies covered
in this report.
Download the full report:
https://www.reportbuyer.com/product/4594209/?utm_source=PRN
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that
provides all market research reports from top publishers
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: sarah@reportbuyer.com
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com
View original
content:http://www.prnewswire.com/news-releases/the-board-games-market-will-register-a-cagr-of-nearly-17-by-2023-300851185.html
SOURCE ReportBuyer
Copyright 2019 PR Newswire