StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The US Video Game Market - Essay Example

Cite this document
Summary
In the essay “The US Video Game Market” the author estimates the US video game market is worth $24 billion. Comparing its performance from last year, the market is said to skyrocket by 57% notwithstanding the economic recession that the country is currently experiencing…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
The US Video Game Market
Read Text Preview

Extract of sample "The US Video Game Market"

The market for video games is evolving to become a family-oriented activity instead of just being an occupation of hobbyist. The expansion then is through the involvement of more adult gamers. The sale of the game products aged 25-34 jumped by 63.4% from 2006-2007 surpassing the 42% recorded for the 18-24 market group (Emigh 2008). Guidelines in Choosing the Appropriate Project Manager The most suitable project manager for this project should have a strong marketing and economics background in order to understand the issues of the still-growing video game market.

The knowledge in marketing will enable the manager to analyze trends and their implications together with the movement in demand. Having an in-depth understanding of marketing techniques will enable the manager to interpret where the market is going through an analysis of the strategies employed by competing players. This will also enable him or her to identify specific target markets and create a marketing plan in order to help the company enter this market. On the other hand, the manager should also be adept in understanding how economic factors especially the ensuing economic recession are going to affect market growth and development.

Aside from this, the manager should have strong research skills comprised of the ability to conduct market research through interviews, consumer surveys, and focus groups. Another will be knowledge in forecasting techniques in order to project market growth. Lastly, he or she should have the capacity to efficiently manage a diverse team that will be formed for this project. In summary, the five criteria can be summarized as strong marketing background and experience; understanding of economic movements; research skills; ability to use forecasting techniques; and capability to manage a diverse team.

 

Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(The US Video Game Market Essay Example | Topics and Well Written Essays - 250 words, n.d.)
The US Video Game Market Essay Example | Topics and Well Written Essays - 250 words. https://studentshare.org/marketing/1528442-the-us-video-game-market
(The US Video Game Market Essay Example | Topics and Well Written Essays - 250 Words)
The US Video Game Market Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/marketing/1528442-the-us-video-game-market.
“The US Video Game Market Essay Example | Topics and Well Written Essays - 250 Words”. https://studentshare.org/marketing/1528442-the-us-video-game-market.
  • Cited: 0 times

CHECK THESE SAMPLES OF The US Video Game Market

Case Study of Competition in Video Game Consoles

Thus, firms which can provide the market with wide varieties in games that are backed by technology and relatively low cost would help become market leader in the video game industry.... The users are able to download new games and movies that significantly cuts cost of going to the market and buying games.... Sony has used its market leadership in audio-video products, communication and IT based products to introduce video games and capture significant market share of the industry....
3 Pages (750 words) Essay

Violent game

It gained popularity because of its quality but it was rated to be unlegislated as it encompassed slaughtering people, choosing prostitution and burglary of cars and money (Web: "The video game Revolution").... The video game industry manages to churn multi-billion dollars as it is popular in every age group especially kids and youngsters and is a must for university libraries, laboratories to the living rooms of modern homes (Web: "History of Gaming").... Even though video games are capable of releasing pressures and certainly entertain most people, video games still needs to be banned among young teenagers because videos game may lead to aggressive behaviors, mentality issues, and even more criminals of young teenagers....
5 Pages (1250 words) Research Paper

Video games conquering new markets

hellip; Meanwhile the emergence of video game industry would open new set of challenges for regulation.... Considering the fears of these groups video game industry have started voluntary rating systems, such as the ESRB rating system in the United States and the PEGI rating system in Europe, that are aimed at educating parents about the types of games their children are playing, or wish to play.... Some games such as the Grand Theft Auto series are rated as "Mature" or "Adults Only" in the us, or given a "Certificate 18" rating in the UK....
9 Pages (2250 words) Essay

Video Game Guru

video game Guru Even if you've never met a video gamer before in your life, which is highly unlikely, you'd probably have no trouble recognizing me as a full-bred gamer from your first glance.... This is most likely because the images proudly displayed on whatever T-shirt Im wearing at the moment usually feature some favorite video game character or another.... I almost always have some sort of pocket game handy and Im the guy everybody comes to when they want to know the best cheats for the most popular game to hit the market this week....
2 Pages (500 words) Essay

Wii vs PlayStation - the Main Differences of the Video Gaming Platforms

The paper “Wii vs PlayStation - the Main Differences of the Video Gaming Platforms” considers that Wii covers the entire market thanks to its ease of use and affordability while the PlayStation gained a small market segment being designed for players who prefer a higher level of game complexity.... With the overwhelming market expansion, the most important question that lingers in many minds, of course, would be what exactly is driving the gaming console industry to its new levels of success witnessed in the recent past?...
7 Pages (1750 words) Term Paper

What Makes Video Games So Interesting

I currently have a PS3 and I play FIFA 13 on it, the game is really At the same time it has made my reflexes so much better, I can feel the difference for myself.... Earlier, I was really slow and my reflexes were extremely slow but thanks to the game, I have become much faster now.... Virgin Gaming is a different ball game altogether.... It involves competitive game...
2 Pages (500 words) Essay

Children and Teens Playing Violent Video Games

Whether it is the visuals which depict such violence or the increase in bonus points in a video game that takes place when the child “kills” a villain, the effect is bound to be there on these young and innocent minds.... When children see in a video game that they are rewarded and their points increase or they are given a bonus whenever they kill a person or whenever they injure the other party, children feel that such acts will always be positively rewarded, whether it is real life....
7 Pages (1750 words) Essay

Representation of Women in the Music Videos

The video featured Pharrell Williams.... The video was shot in Rio de Janeiro in Brazil and it was so successful that it reached the Number 6 spot in the “US Hot 100” chart.... The lyrics of the song depicts the artist stating love to his interest in the video in a matured way.... The lyrics of the song reveals the physical characteristics of the woman in the video and uses the words like theThe lyrics of the song underlines the fact that the video of the song had to be sexy....
12 Pages (3000 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us