Global Gaming Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global gaming market was valued at USD 173.70 billion in 2021, and it is expected to reach a value of USD 314.40 billion by 2027, registering a CAGR of 9.64% over 2022-2027. Due to nationwide lockdown, people stay home, and some turn to game platforms to pass the time. These platforms attract hundreds and thousands of new visitors to online traffic. Video gaming trends have experienced a massive surge in players and revenue recently.
Key HighlightsThe Gaming Market is highly fragmented as the demand for online games and increasing penetration of mobile applications across the various region is catering to an intense rivalry in the market. Key players in the market are Sony Corporation, Microsoft, Nintendo, etc. that try to keep innovating and releasing next-generation gaming consoles provides significant competition among the rivals.
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