An Overview of Global Gaming Market

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In 2021, the gaming market was estimated to be worth $197.15 billion. During the projected period, the market is estimated to increase at a CAGR of 10.1%. (2022-2030). The growing use of smartphones and 5G technologies is likely to boost market development. Furthermore, rising investments in cloud gaming are expected to propel the gaming industry forward in the coming years.

The rising popularity of titles like Dota 2, Counter-Strike, Fortnite, League of Legends, and PUBG, which are also played in big esports events, is also helping to drive the gaming sector forward. Globally, esports events are seeing a huge growth in viewership, which is translating into greater sales of games and gaming hardware.

The COVID-19 disruptions benefited the gambling industry. Because governments throughout the world strictly enforced stay-at-home regulations, individuals turned to internet gaming to relax and unwind after spending so much time at home. Furthermore, the widespread use of cellphones among individuals of all ages led to market development throughout the epidemic.

The gaming industry research includes an executive-level overview of the present global gaming market, as well as detailed estimates of key indicators through 2030. The research, which is published yearly, includes a full analysis of near-term potential, competitive dynamics, and demand development by platform type, type, and gamer type across geographies, as well as an assessment of major industry and technological trends.

Platform Segmentation in the Gaming Market

The market has been divided into smartphone, console, PC, tablet, handheld controllers, and head-mounted displays based on platform. Smartphones are predicted to contribute the most to market growth and to increase at the quickest rate, with a CAGR of more than 10% throughout the projection period. Furthermore, the increased availability of high-speed internet compatible with 4K video gaming is fuelling demand for gaming in the mobile gaming industry.


For More Gaming Market Insights, Download a Free Report Sample

Furthermore, the head-mounted display market is predicted to develop at the second quickest rate, with a CAGR of more than 10% throughout the projection period, owing to the growing popularity of virtual reality video games worldwide. Virtual reality games are played using virtual reality headgear like the Oculus Rift.

Segmentation of the Gaming Market by Type

The gaming sector has been divided into two types: video games and cloud games. The cloud gaming segment is predicted to develop at the quickest rate over the projection period, with a CAGR of more than 30%. This expansion is projected to be driven mostly by developments in cloud technology and the launch of 5G technology, which will allow multiple devices at the same time and 4K games. As a result, demand for multiplayer online games, massively multiplayer online (MMO) games, and Free2Play (F2P) games will increase, contributing to total gaming industry growth.

The cloud games category represents a minor portion of the gaming market. Cloud gaming could not previously see widespread acceptance owing to a lack of dependable infrastructure. However, with developments in server technology and gaming industry trends such as AI, VR, AR, and 5G technology, gaming firms are able to harness and offer new cloud gaming.

Segmentation of the Gaming Market by Gamer Type

The gaming market has been divided into three segments based on gamer type: casual gamers, dedicated gamers, and lifestyle gamers. In 2021, the casual gamers sector accounted for more than half of the gaming market. During the projection period, the category is predicted to increase at a CAGR of more than 8%. The casual players group is mostly made up of internet gamers.

Competitive Landscape in the Gaming Industry

The gaming market is extremely fragmented, with globally renowned businesses with wide gaming portfolios such as Electronic Arts Inc., Activision Blizzard Inc., and Tencent Holdings Ltd, as well as small and medium-sized players with lesser portfolios. To capitalize on the growing popularity of cloud games, investors are pouring money into their creation. Over the previous two years, the market has seen a surge in video game company transactions and alliances. For example, in August 2022, Sony and Tencent announced a $260 million investment in Japanese game production company FromSoftware Inc. Tencent paid $44 million buying the Japanese gaming company Wake Up in November 2021.

Leading Players in the Gaming Market

  • ·       Tencent Holdings Ltd
  • ·       Sony Group Corp
  • ·       Microsoft Corp
  • ·       Nintendo Co Ltd
  • ·       NetEase Inc
  • ·       Sea Ltd
  • ·       Activision Blizzard Inc
  • ·       Bandai Namco Holdings Inc
  • ·       Electronic Arts Inc
  • ·       Take-Two Interactive Software Inc

Gaming Market Scope

GlobalData Plc has segmented the gaming market report by platform, type, gamer type, and region:

Gaming Market – Revenue Opportunity Forecast, by Platform segments 2021-2030 (US$ million)

  • ·  Smartphone
  • ·       Console
  • ·       PC
  • ·       Tablet
  • ·       Handheld Controllers
  • ·       Head-mounted Displays

Gaming Market – Revenue Opportunity Forecast, by Type segments 2021-2030 (US$ million)

·       Video Games

·       Cloud Games

Gaming Market – Revenue Opportunity Forecast, by Gamer Type segments 2021-2030 (US$ million)

·       Casual Gamer

·       Avid Gamer

·       Lifestyle Gamer

Gaming Market – Revenue Opportunity Forecast by Regions, 2021-2030 (US$ million)

·       Asia Pacific

·       China

·       Japan

·       India

·       South Korea

·       Australia

·       Rest of Asia Pacific

·       North America

·       US

·       Canada

·       South & Central America

·       Brazil

·       Mexico

·       Argentina

·       Colombia

·       Peru

·       Rest of South & Central America

·       Europe

·       Germany

·       United Kingdom

·       France

·       Italy

·       Rest of Europe

·       Middle East & Africa

·       Nigeria

·       Iran

·       Saudi Arabia

·       Morocco

·       Rest of Middle East & Africa

For More Insights on Gaming Market, Download a Free Report Sample

The market intelligence report provides an in-depth analysis of the following –

Gaming market outlook: analysis as well as base year figures and forecasts of revenue opportunities from the platform type segments.

Gaming market outlook: analysis as well as base year figures and forecasts of revenue opportunities from the video games and cloud games segments.

Gaming market outlook: analysis as well as base year figures and forecasts of revenue opportunities from the gamer type segments.

Company snapshots: snapshots of leading companies in the gaming market.

Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

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