What is the global market size of Gaming Market?

Global Gaming Market was valued at USD 219.51 Billion in 2021, and it is expected to reach a value of USD 534.93 Billion by 2028, at a CAGR of 13.7% over the forecast period (2022-2028). Read More

Gaming Market Size, Share, Growth Analysis, By Game Type (Real-time Strategy (RTS), Role-playing (RPG), By Device Type, By Age Group, By Gamer Type, By Region - Industry Forecast 2025-2032

Report ID: SQMIG25J2055 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 67 | Figures: 75

Gaming Market Dynamics

Gaming Market Driver

Nowadays people engage in various kinds of video games in their leisure time and this is a major reason for the growth in the gaming market. American research suggests that 91% of male children who are born in the year 2000 are engaged in mobile gaming than those who were born before that which is just 83%. And continuous growing development in the economy leading to urbanization and disposable income is also pushing the demand for various stress release products such as games.
Growing presence of better internet connectivity in different areas of the world and growing use of smartphones are also reasoned driving the demand for games and this is fueling the growth of the gaming market in the recent period.

Gaming Market Restraint

Social anxiety and addiction towards competitive online shooter games by small children are a major restraint for the gaming industry as it affects their studies and also their mental state which is creating huge problems in the family. This is a major problem that is restraining the froth of the gaming market during the analysis period.

Gaming Market Report Snapshots

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Global Gaming Market size was valued at USD 208.2 billion in 2022 and is poised to grow from USD 233.23 billion in 2023 to USD 527.87 billion by 2031, growing at a CAGR of 10.75% during the forecast period (2024-2031).

The Global Gaming market is relatively fragmented, with a high level of competition. Few large players, like Electronic Arts Inc., Nintendo Co. Ltd, and Valve Corporation, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Sony Interactive Entertainment (Japan) ', 'Tencent Interactive Entertainment (China) ', 'Microsoft Gaming (USA) ', 'Nintendo (Japan) ', 'NetEase Games (China) ', 'Electronic Arts (USA) ', 'Epic Games (USA) ', 'Take-Two Interactive (USA) ', 'Embracer Group (Sweden) ', 'MiHoYo (China) ', 'Roblox Corporation (USA) ', 'Playtika (Israel) ', 'Ubisoft (France) ', 'Nexon (South Korea) ', '37Games (China) ', 'Square Enix (Japan) ', 'Oculus Studios (Meta) (USA) ', 'Bandai Namco Entertainment (Japan) ', 'Sega (Japan) ', 'Netmarble (South Korea)'

Nowadays people engage in various kinds of video games in their leisure time and this is a major reason for the growth in the gaming market. American research suggests that 91% of male children who are born in the year 2000 are engaged in mobile gaming than those who were born before that which is just 83%. And continuous growing development in the economy leading to urbanization and disposable income is also pushing the demand for various stress release products such as games.

Increasing championships and tournaments for major gaming titles are the main reason for the growing rate of the gaming market among the various age groups of people. The sponsors generally target the audience’s interests in the professional players and try to influence them through them and this gradually creates interest in the mind of the customer and generates revenue for the gaming companies. This gaming environment also created interest and hype in the audience’s mind and this interest in gaming is fueling the growth of the gaming market.

In the year 2021, Asia Pacific accounts for 47% of the worldwide gaming market and is expected to occupy the same place during the analysis period. Gaming consoles and mobile phones are some of the major reasons for the domination of the gaming market in the region. Also, the growing urbanization and disposable income in the developing countries is pushing the demand for mobile games and which in turn is propelling the gaming market growth in this region.

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Gaming Market Size, Share, Growth Analysis, By Game Type (Real-time Strategy (RTS), Role-playing (RPG), By Device Type, By Age Group, By Gamer Type, By Region - Industry Forecast 2025-2032

Gaming Market Dynamics

Gaming Market Report Snapshots

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