Gaming Industry Growth - Market Share & Size (2024)

The Global Gaming Market is Segmented by Gaming Type (Console, Tablet, Smartphone, Downloaded/Box PC, and Browser PC) and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD Billion) for all the Above Segments.

Gaming Market Analysis

The Gaming Market size is estimated at USD 272.86 billion in 2024, and is expected to reach USD 426.02 billion by 2029, growing at a CAGR of 9.32% during the forecast period (2024-2029).

Due to nationwide lockdowns implemented because of the COVID-19 pandemic, some people turned to game platforms to pass the time. Thus, these platforms attracted hundreds and thousands of new visitors to online traffic. Video gaming trends are experiencing a massive surge in players and revenue.

• Continuous technological advancements in the gaming industry are significantly propelling the industry's growth. They are enhancing the way games are created and improving the overall gaming experience of the users.
• Game developers across emerging economies are continually striving to enhance the gaming experience by launching and rewriting codes for diverse console/platforms, such as PlayStation, Xbox, and Windows PC, incorporated into a standalone product provided to gamers through a cloud platform.
• The rising internet connectivity, increasing adoption of smartphones, and the advent of high bandwidth network connectivity, such as 5G, have further increased the demand of the gaming market across the globe. According to the GSMA report, as of November 2021, 170 mobile operators launched commercial 5G services with 7% population penetration at the end of 2021, thereby opening new opportunities for the mobile vendors to introduce 5G smartphones in the market.
• According to the statistics published by DataReporal, the number of internet users increased by 7.7% in 2021 compared to 2020. Moreover, the number increased by 4% to 4,950 million in January 2022 compared to January 2021, when the users totaled 4,758 million.
• Cloud gaming services focus on leveraging hyper-scale cloud capabilities, streaming media services, and global content delivery networks to build the next generation of social entertainment platforms. These factors have an anticipated positive impact on market growth.
• Leveraging cloud technology in the gaming market is likely to drive the demand and engagement of multi-players for different games, boosting the market growth during the forecast period.

Gaming Market Trends

Mobile Gaming Expected to Witness Growth during the Forecast Period

Asia-Pacific to Dominate the Market

Gaming Industry Overview

The market studied is highly consolidated with prominent contenders like Sony, Microsoft, and Nintendo. The gaming industry has experienced tremendous growth in recent years. This growth can be attributed to several factors, including the rise of mobile gaming, the popularity of online multiplayer games, and the increasing use of virtual and augmented reality technologies. Virtual reality and augmented reality technologies have also impacted the gaming industry significantly. VR headsets like the Oculus Rift and the HTC Vive allow players to immerse themselves in virtual worlds. AR technologies like Pokemon Go and Minecraft Earth overlay digital content onto the real world. The gaming industry is poised for continued growth in the coming years, with new technologies and platforms creating new opportunities for developers and publishers.

• In December 2022, Enthusiast Gaming Holdings Inc. partnered with Netflix, the global leader in subscription streaming service and production company, to launch and support the Geeked: Toon-in live stream weekly on Netflix's Twitch account.
• In November 2022, Mysten Labs, a web3 infrastructure company and Sui Layer 1 blockchain developer, entered into a strategic partnership with NCSOFT, a global premier game developer and publisher. Under the terms of the partnership, NCSOFT invested USD 15 million in Mysten as part of the company's USD 300 million Series B funding round, which valued Mysten at more than USD 2 billion.

Gaming Market Leaders

1. Sony Corporation

2. Microsoft Corporation

3. Apple Inc

4. Google LLC (Alphabet Inc.)

5. Bandai Namco Entertainment Inc.

*Disclaimer: Major Players sorted in no particular order

Gaming Market Report - Table of Contents

1. 1. INTRODUCTION

   1. 1.1 Study Assumptions and Market Definition

   2. 1.2 Scope of the Study

2. 2. RESEARCH METHODOLOGY

3. 3. EXECUTIVE SUMMARY

4. 4. MARKET INSIGHTS

   1. 4.1 Market Overview

   2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

   3. 4.3 Technology Snapshot

   4. 4.4 Assessment of the Impact of COVID-19 on the Market

5. 5. MARKET DYNAMICS

   1. 5.1 Market Drivers

      1. 5.1.1 Rising Internet Penetration

      2. 5.1.2 Emergence of Cloud Gaming

      3. 5.1.3 Adoption of Gaming Platforms, such as E-sports Betting and Fantasy Sites

   2. 5.2 Market Restraints

      1. 5.2.1 Issues such as Piracy, Laws and Regulations, and Concerns Relating to Fraud during Gaming Transactions

6. 6. MARKET SEGMENTATION

   1. 6.1 By Gaming Type

      1. 6.1.1 Mobile Games

      2. 6.1.2 Console Games

      3. 6.1.3 Downloaded/Box PC Games

      4. 6.1.4 Browser PC Games

   2. 6.2 By Geography

      1. 6.2.1 North America

         1. 6.2.1.1 United States

         2. 6.2.1.2 Canada

      2. 6.2.2 Europe

         1. 6.2.2.1 Germany

         2. 6.2.2.2 United Kingdom

         3. 6.2.2.3 France

         4. 6.2.2.4 Russia

         5. 6.2.2.5 Spain

         6. 6.2.2.6 Italy

         7. 6.2.2.7 Rest of Europe

      3. 6.2.3 Asia-Pacific

         1. 6.2.3.1 China

         2. 6.2.3.2 Japan

         3. 6.2.3.3 South Korea

         4. 6.2.3.4 Rest of Asia-Pacific

      4. 6.2.4 Latin America

         1. 6.2.4.1 Brazil

         2. 6.2.4.2 Argentina

         3. 6.2.4.3 Mexico

         4. 6.2.4.4 Rest of Latin America

      5. 6.2.5 Middle East and Africa

         See Also

         Are Video Games Worth the Investment? Debunking the Myth

         1. 6.2.5.1 United Arab Emirates

         2. 6.2.5.2 Saudi Arabia

         3. 6.2.5.3 Iran

         4. 6.2.5.4 Egypt

         5. 6.2.5.5 Rest of Middle East and Africa

7. 7. COMPETITIVE LANDSCAPE

   1. 7.1 Company Profiles

      1. 7.1.1 Sony Corporation

      2. 7.1.2 Microsoft Corporation

      3. 7.1.3 Apple Inc.

      4. 7.1.4 Google LLC (Alphabet Inc.)

      5. 7.1.5 Bandai Namco Entertainment Inc.

      6. 7.1.6 Take-Two Interactive Software Inc.

      7. 7.1.7 Nexon Company

      8. 7.1.8 Nintendo Co. Ltd

      9. 7.1.9 Activision Blizzard Inc.

      10. 7.1.10 Electronic Arts Inc.

      11. 7.1.11 Ubisoft Entertainment SA

      12. 7.1.12 Square Enix Holdings Co. Ltd

      13. 7.1.13 ZeptoLab OOO

      14. 7.1.14 Tencent Holdings Ltd

      15. 7.1.15 Sega Games Co. Ltd

      16. 7.1.16 Capcom Co. Ltd

      17. 7.1.17 NetEase Inc.

      18. 7.1.18 Interactive Entertainment

      19. 7.1.19 Beijing Kunlun Technology Co. Ltd

   2. *List Not Exhaustive

8. 8. INVESTMENT ANALYSIS

9. 9. FUTURE OF THE MARKET

Gaming Industry Segmentation

The reported market sizing reflects the consumer spending on games that covers games purchased in physical storage/boxed and digital forms (for consoles, PC, and mobile devices), subscribed services for consoles, and in-app purchases during mobile gaming, although the numbers exclude gaming hardware and accessories, console hardware, advertising revenues, and third-party commissions. However, we do have similar off-the-shelf publications catering to the gaming hardware and gaming ecosystem.

The gaming market is segmented by gaming type (mobile games, console games, downloaded/boxed PC games, and browser PC games) and key geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The gaming market spending and forecasts are provided in terms of value (USD) in addition to gamer demographics such as gender, gamer population, and genre.

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Gaming Industry Report

This comprehensive report offers a deep dive into the gaming industry, providing a detailed analysis of key market drivers and market segments. Mordor Intelligence offers customization based on your specific interests, including:1. Device Type: Tablet2. Game Type: Shooter, Action, Sports, Role Playing, and Others3. Type: Offline & Online4. End-User: Male, Female

• Gaming Market Size
• Gaming Market Share
• Gaming Market Trends
• Gaming Companies

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