🐬 Game Market Analysis
Last updated
Last updated
The global gaming market was estimated to be around $180 billion in 2023. This makes it one of the fastest-growing sectors within the global entertainment industry. The gaming market includes various platforms such as console games, PC games, and mobile games, with the boundaries between these platforms increasingly blurring.
The global gaming market is expected to grow at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2028. This growth is driven by technological innovation, an expanding user base, and the introduction of new business models. In particular, the rise of cloud gaming, VR/AR gaming, and e-sports is accelerating market growth.
In recent years, the spread of cloud gaming services has significantly improved game accessibility. Additionally, VR/AR games provide immersive experiences, and esports is gaining immense popularity worldwide. These trends are driving the continuous growth of the gaming industry.
