Major Companies involved in Gaming Market

According to GlobalData’s latest published report, the revenue generated by the global gaming market stood at USD 197,153.8 million in 2021 and is expected to grow further at 10.1% CAGR to reach USD 470,222.7 million by 2030. The gaming market report provides an executive-level overview of the current state of the global gaming industry, including forecasts of key indicators till 2030. The report also features future scope, leading gaming vendors profiling, and demand dynamics by platform, type and gamer type across regions. The research study focuses on gaming markets across 20 major countries of the world.  

Increasing smartphone penetration, adoption of 5G technology and emergence of COVID-19 pandemic are the key growth drivers of the market. The major players in the global gaming market including Tencent Holdings Ltd, Sony Group Corp, Microsoft Corp, Nintendo Co Ltd, NetEase Inc, amongst others, focus on expanding their game offerings by adopting organic (through innovation and technology integration) and inorganic growth strategies, notably Partnerships, Mergers And Acquisitions (M&A). The top four gaming vendors are listed below: 

Tencent Holdings Ltd (China): Tencent Holdings Ltd (Tencent) is a provider of internet services and portals. The company offers services such as communication, information, entertainment, instant messaging services, online media, wireless internet, interactive entertainment services, e-commerce and online advertising services. In March 2022, Tencent Holdings Inc acquired a stake in Spanish video game developer Novarama. Novarama is working on a multi-platform MMO currently. 


Gaming Market


Sony Group Corp (Japan): Sony Group Corp (Sony) is a manufacturer of electronic equipment, semiconductors, medical-related equipment, instruments, and devices. The company’s products include televisions, mobile phones, cameras, music systems, game consoles and software, semiconductors, batteries, and other electronic components. In August 2022, Sony along with Tencent announced an investment of around $260 million in Japanese game development company FromSoftware Inc. 

Microsoft Corp (US): Microsoft Corp (Microsoft) develops, licenses, and supports software products, services, and devices. The company offers a comprehensive range of operating systems, cross-device productivity applications, server applications, software development tools, business solution applications, desktop and server management tools, video games, and training and certification services. In August 2022, Microsoft Corp partnered with Unity to offer its Azure cloud for building and operating real-time 3D (RT3D) experiences from the Unity engine. The partnership will also make it easier for game creators to publish to Xbox consoles and PC. 

Global Gaming Market


NetEase Inc (China): NetEase Inc is an internet technology company that provides online services related to content, commerce, communication and community. It offers mobile and PC-client games, e-commerce, e-mail, advertising, online video and music live streaming, and online payment services. NetEase also offers a multi-player online role-playing games (MMORPGs), which is an interactive online game and mobile games, which is played in mobiles using internet. In August 2022, NetEase Inc. acquired France based video game developer and publisher Quantic Dream SA. Quantic Dream SA will become NetEase’s first studio in Europe allowing the company to increase footprint globally. 

 Need more information? GlobalData's new report covers each of these companies in much more detail, providing an analysis of the following: 

  • Major competitors  
  • Key strategic initiatives 
  • Market Dynamics including Venture Financing, Mergers & Acquisitions deals, Social Media Analytics, and Patent Analytics 
  • The comprehensive report provides global market size estimates, revenue numbers, and coverage of key issues and market drivers. 

For more insights on the Gaming market, Download a FREE sample 


Comments

Popular posts from this blog

XRINK: Revolutionizing Retail with Virtual Reality

XRINK: Revolutionizing Healthcare with Immersive VR

Australia Retail Market Size by Sector and Channel Including Online Retail