Although the global video game market has been facing its fair share of headwinds, possible holiday blowouts for companies like Activision Blizzard (NASDAQ: ATVI)Take-Two Interactive (NASDAQ:TTWO), and GameStop (NYSE:GME), among others, have both consumers and investors excited once again.

Source: RockStar

Both Activison Blizzard and Take-Two Interactive set company records this year with the launch of their respective gaming franchises. Take-Two sold an astounding $800 million worth of its Grand Theft Auto V in its first day of sales in September, only to be outdone by Activsion Blizzard's Call of Duty: Ghosts, which generated $1 billion of channel shipments in its first day earlier this month. 

GameStop is of course an obvious beneficiary of both of these blockbuster games, which should also sell well during GameStop's all-important holiday quarter. GameStop should also enjoy tailwinds from the hardware refresh cycle driven by the recent releases of Sony's PlayStation 4 and Microsoft's Xbox One.

All this amounts to an interesting opportunity in several areas of this resurgent space. In the video below, Motley Fool tech and telecom analyst Andrew Tonner looks at the opportunity and discusses which areas he finds the most compelling.