|By Business Wire||
|March 4, 2013 02:21 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/pkhsqt/global_virtual) has announced the addition of the "Global Virtual Goods Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Virtual Goods market to grow at a CAGR of 12.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the adoption of tablets and smartphones. The Global Virtual Goods market has also been witnessing market consolidation. However, the difficult financial environment and the fall in consumer spending could pose a challenge to the growth of this market.
The key vendors dominating this market space are Facebook Inc., Gree Inc., Mixi Inc., and Tencent Holdings Ltd.
The other vendors mentioned in the report are hi5 Networks Inc., Bebo Inc., Myspace LLC, Tagged Inc., Sonico.com Inc., NHN Japan Corp., CyberAgent Inc., Zynga Inc., Kabam Inc., and DeNA Co. Ltd.
According to the report, the increase in the number of broadband internet subscribers globally is moving at a fair pace. With the increase in adoption of broadband internet an increase in the user base of virtual goods has been witnessed in recent years. With the increasing sales of tablets and smartphones aiding in the growth of the number of broadband subscribers, the increasing utilization of wireless technology to enter underpenetrated parts of developing countries is also playing a role in increasing broadband penetration. The key leading countries in the Global Virtual Goods market have witnessed a rise in broadband subscribers per 100 residents in recent years and this growth is expected to continue during the forecast years. In 2012, China had 13.96 broadband subscribers per 100 residents, expected to increase to 22.42 by 2016.
Further, the report discusses that due to modernization and technological advancements, people worldwide depend heavily on the internet for business as well as personal purposes. However, many are unaware of the potential cyber threats and the consequences.
For more information visit http://www.researchandmarkets.com/research/pkhsqt/global_virtual