Colombia Video Game Market (2020-2026) | Share, Size, Forecast, Value, Trends, Growth, Revenue, COVID-19 IMPACT, Industry, Outlook, Companies & Analysis

colombia video game market synopsis

The video game market in Colombia is expected to grow at a CAGR of 8.3% during the forecast period 2020-2026. The increasing usage of smartphones and the growing number of gaming consoles are some of the factors driving market growth in this region. Moreover, increasing disposable income for entertainment activities among Colombia people is another factor that will positively influence market growth over the forecast period. Also, initiatives taken by government for promotion and development of e-sport industry is likely to boost the demand for video games across this region during 2021?2026.

In addition, due to Covid-19 pandemic there has been an increase in demand for online gaming as people stay indoors due to lockdown imposed by governments all over world including Colombia giving further boost to its local video game industry. Furthermore, advancement in technology such as Artificial Intelligence (AI) & Internet Of Things (IoT) which have enabled developers to introduce new features such as virtual reality & augmented reality which are likely to fuel demand for console based games thus creating more opportunities in near future.

Despite the ongoing coronavirus crisis, companies like Sony Interactive Entertainment LLC., Microsoft Corporation & Nintendo Co., Ltd have shifted their focus towards digital services leading them into launching online subscription models with discounts on various platforms through their respective products ?PlayStation Plus? , ?Xbox Live Gold? & Nintendo Switch Online Services respectively . This would help these companies build customer loyalty while providing cloud gaming access and exclusive content at discounted prices making it easier for customers within Colombia access popular gaming titles from anywhere anytime without having physically buy them thereby aiding retail stores experience a significant decline in sales due uncertain economic environment caused by covid - 19 pandemic .

Key Highlights of the Report:

• Colombia Video Game Market Outlook
• Market Size of Colombia Video Game Market, 2019
• Forecast of Colombia Video Game Market, 2026
• Historical Data and Forecast of Colombia Video Game Revenues & Volume for the Period 2016 - 2026
• Colombia Video Game Market Trend Evolution
• Colombia Video Game Market Drivers and Challenges
• Colombia Video Game Price Trends
• Colombia Video Game Porter's Five Forces
• Colombia Video Game Industry Life Cycle
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Device for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Console for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Mobile for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Computer for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Type for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Online for the Period 2016 - 2026
• Historical Data and Forecast of Colombia Video Game Market Revenues & Volume By Offline for the Period 2016 - 2026
• Colombia Video Game Import Export Trade Statistics
• Market Opportunity Assessment By Device
• Market Opportunity Assessment By Type
• Colombia Video Game Top Companies Market Share
• Colombia Video Game Competitive Benchmarking By Technical and Operational Parameters
• Colombia Video Game Company Profiles
• Colombia Video Game Key Strategic Recommendations