The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
Over the last five years store-based retailers have had to deal with the competitive challenge brought about by the rise of the internet.
Internet-based retailers have slowly but steadily been taking value share from store-based companies, but nowhere is this truer than in media products retailing. In the same way that music downloads have revolutionised the way that the product is sold, the way video games are sold is also about to undergo a massive change.
Euromonitor International’s latest global report looks at next-generation technological changes in the video games industry and how this will inevitably affect retailers from the emergence of the mobile phone gaming market to the disappearance of the pre-owned video games market.
The formats discussed include grocery retailers, non-grocery retailers and non-store retailers.
Advances in technology are changing the way that most industries operate, and, as with any industry change, retailers will have to adapt the way they operate if they wish to remain competitive.
The video gaming environment is about to undergo a huge change in the way that games publishers distribute their content. Consumers stand the most to gain from these changes and so retailers will have to alter their strategies.