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Gaming Market Report, Industry Growth Rate, Overview and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the gaming market research. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global gaming market size reached US$ 202.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 343.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.08% during 2023-2028. 

Gaming Market Overview:

Gaming involves playing video games on electronic devices such as gaming consoles, computers, mobile phones, and arcade machines. It enhances the gamer’s hand-eye coordination, mental and physical health, ability to multitask, and problem-solving skills. Video games help entertain and relax the player and the viewer while stimulating the mind and body. It improves cognitive ability, develops specific skills in children, and assists teachers in the classroom. The gaming sector has significantly evolved due to the development of advanced graphical engines and information technology. Currently, gaming is gaining immense traction among the masses as a major source of entertainment across the globe.

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List Of Top Gaming Companies Worldwide:

  • Tencent Holdings Limited
  • Sony Corporation
  • Microsoft Corporation
  • Apple Inc.
  • Activision Blizzard, Inc.
  • Google LLC
  • NetEase Inc.
  • Electronic Arts Inc.
  • Nintendo Co., Ltd.
  • Bandai Namco Holdings Inc.

Global Gaming Market Trends:

The rising penetration of the internet and smartphones and the easy availability of online games in different genres, such as simulation, strategy, and action, represent the primary factors driving the market growth. Moreover, the development of 5G technology and the introduction of advanced network connectivity enable cloud gaming and allow consumers to stream high-end games across any mobile device while eliminating the requirement for a traditional gaming console. This, in turn, is positively influencing the market growth.

Additionally, the rising investments by gamers in online games, including Fortnite, World of Warcraft, League of Legends, PUBG, and Minecraft, have catalyzed market growth. Besides this, numerous games allow players to explore and seek quests, such as Grand Theft Auto and Batman: Arkham Knight, thereby propelling the market growth. Furthermore, recent technological advancements in software and hardware, including augmented reality (AR) and virtual reality (VR), are contributing to market growth.

Apart from this, the shifting consumer inclination toward gaming, as it relieves stress, provides the experience of working in a team, and gives a sense of achievement to players, is another major growth-inducing factor. Other factors, including the growing popularity of e-sports and multiplayer video game competition between professional and amateur players, improving internet connectivity, increasing adoption of mobile and browser games, and inflating consumer disposable incomes, are also anticipated to drive the market further.

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Key Market Segmentation:

Breakup by Device Type:

  • Consoles
  • Mobiles and Tablets
  • Computers

Breakup by Platform:

  • Online
  • Offline

Breakup by Revenue Type:

  • In-Game Purchase
  • Game Purchase
  • Advertising

Breakup by Type:

  • Adventure/Role Playing Games
  • Puzzles
  • Social Games
  • Strategy
  • Simulation
  • Others

Breakup by Age Group:

  • Adult
  • Children

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:
IMARC Group
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Tel No:(D) +91 120 433 0800
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