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The gaming industry is tipped to maintain its recent rapid growth, and could be worth $321 billion by 2026, a new PwC report says. Millions of new players splashed out on games and consoles during COVID-19 lockdowns. Some players said gaming during the pandemic helped with their mental health.
The global video game market size was estimated at USD 217.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. The market's expansion is attributed to the ongoing trend of online gaming, the emergence of high bandwidth network connectivity, and the continuous demand for 3D games.
- The global video game market is expected to grow at a compound annual growth rate of 13.4% from 2023 to 2030 to reach USD 583.69 billion by 2030. R...
- The Asia Pacific dominated the video game market with a share of more than 48 % in 2022. This is attributable to the ever-increasing smartphone pen...
- Some key players operating in the video game market include Microsoft Corporation, Nintendo Co., Ltd., Rovio Entertainment Corporation, NVIDIA Corp...
- Key factors that are driving the video game market growth include the growing penetration of internet services coupled with the easy availability a...
The global video game industry is a billion-dollar business and has been for many years. In 2022, the revenue from the worldwide gaming market was estimated at almost 347 billion U.S....
The Gaming Market is expected to reach USD 272.86 billion in 2024 and grow at a CAGR of 9.32% to reach USD 426.02 billion by 2029. Sony Corporation, Microsoft Corporation, Apple Inc, Google LLC (Alphabet Inc.) and Bandai Namco Entertainment Inc. are the major companies operating in this market.
- The Gaming Market size is expected to reach USD 272.86 billion in 2024 and grow at a CAGR of 9.32% to reach USD 426.02 billion by 2029. Read More
- In 2024, the Gaming Market size is expected to reach USD 272.86 billion. Read More
- Sony Corporation, Microsoft Corporation, Apple Inc, Google LLC (Alphabet Inc.) and Bandai Namco Entertainment Inc. are the major companies operatin...
- Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More
- In 2024, the Asia Pacific accounts for the largest market share in Gaming Market. Read More
- In 2023, the Gaming Market size was estimated at USD 249.60 billion. The report covers the Gaming Market historical market size for years: 2019, 20...
- In 2024, the Video Games market is projected to reach a revenue of US$282.30bn.
- It is expected to grow at an annual rate of 8.76% between 2024 and 2027, resulting in a projected market volume of US$363.20bn by 2027.
- By 2027, the number of users in the Video Games market is expected to reach 1,472.0m users.
- The user penetration rate is predicted to increase from 16.9% in 2024 to 18.5% by 2027.
Jun 3, 2024 · A hobby enjoyed by young and old across the world, the video gaming market is a growing industry worth almost 160 billion U.S. dollars worldwide.
Jun 3, 2024 · The global video games market size is projected to grow from $199.74 billion in 2022 to $307.19 billion by 2029, at a CAGR of 6.3% during the forecast period.
