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Jul 28, 2022 · The video game sector is booming – and it’s tipped to keep on growing. The expansion is expected to make the global gaming industry worth $321 billion by 2026 , according to PwC’s Global Entertainment and Media Outlook 2022-26.
Fastest-growing retail e-commerce countries 2023. Retail e-commerce sales growth worldwide 2017-2027. ... The global video game industry is a billion-dollar business and has been for many years.
- Report Overview
- Device Insights
- Type Insights
- Regional Insights
- Key Companies & Market Share Insights
- Global Video Game Market Report Segmentation
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. In additio...
The mobile device segment held the largest revenue share of over 40.0% in 2022. The increased proliferation of smartphonesalong with rising internet penetration worldwide is creating vast opportunities for mobile gaming. In recent years, technological developments in terms of smartphone gaming hardware in addition to their convenience, accessibilit...
The online type segment accounted for the largest revenue share of around 44.0% in 2022. The growth of this segment is driven by a rise in internet penetration, growth of the online casual gaming sector, and increasing popularity of massively multiplayer online (MMO) and Free2Play (F2P) games. Technological trends like augmented reality (AR), virtu...
North America captured the revenue share of around 24.0% of the market in 2022. According to the Entertainment Software Association, over 65% of Americans play video games, with around 212.6 million players per week. This includes 26% of players aged less than 18 years, while 25% are over the age of 45 years. This popularity of video games in the r...
The key market players are focusing on developing innovative gaming solutions to attract a large customer base and gain a competitive edge in the industry. Also, there is a significant trend of developing more interactive games and incorporating of AR and VR in gaming. For instance, in June 2023, Electronics Art Inc. launched Super Mega Baseball 4 ...
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global video game market report on the basis of device, type, and region: 1. Device Outlook (Revenue, USD Billion, 2018 - 2030...
Jun 9, 2023 · The COVID-19 pandemic spurred growth in various media and technology sectors in 2020. Within media, gaming outpaced other segments with an 8% growth rate to reach $198 billion (versus TV's 1% decline to $408 billion 3 ). The sector’s growth slowed in 2022 for several reasons, including the end of pandemic shutdowns and Apple’s privacy ...
- Traditional platforms are bridging the gap between technologies. During the pandemic, many industry participants expected next-gen tech like game streaming and extended reality (XR) to overtake mobile, but lackluster consumer adoption has shown that we’re not quite ready to live in the metaverse.
- Platforms are aggressively pursuing IP, setting the stage for content silos. The gaming industry is in a late-stage gold rush for premium intellectual property.
- Publishers need to innovate on monetization for ARPU expansion. Today, publishers take home $136 billion of the $262 billion video game market, with PC and console capturing $48 billion and mobile capturing $87 billion.
- Gametech innovators help boost profitability and player experiences. The video game industry has been on the cutting edge of tech for decades. And at the heart of this innovation is the gametech market, which allows developers and publishers to create, operate and monetize their games.
Gaming Industry Analysis. The Gaming Market size is estimated at USD 244.22 billion in 2024, and is expected to reach USD 397.21 billion by 2029, growing at a CAGR of 10.17% during the forecast period (2024-2029). The global gaming industry is experiencing a revolutionary transformation, driven by increasing internet penetration and smartphone ...
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The games market is a rapidly growing industry, with millions of people worldwide playing video games and billions of dollars in revenue generated each year. Structure:
