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85 billion U.S. dollars
- In 2022, the video game market in the United States amounted to revenues of over 85 billion U.S. dollars, up from 61.11 billion U.S. dollars in 2020 with an annual revenue increase of 12.7 percent in 2022.
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May 16, 2024 · In 2022, the revenue from the worldwide gaming market was estimated at almost 347 billion U.S. dollars, with the mobile gaming market generating an estimated 248 billion U.S. dollars of...
- Video gaming market in the United States - Statistics & Facts
In 2022, the video games market in the United States...
- Video gaming market in the United States - Statistics & Facts
Dec 18, 2023 · In 2022, the video games market in the United States generated more than 85 billion U.S. dollars and is projected to close in on 128 billion U.S. dollars annually in 2028.
Apr 29, 2024 · In the United States, the market size of the video game software publishing industry has been increasing over the last decade, reaching nearly 43.6 billion U.S. dollars in 2023. Video...
- Video Game Market Trends
- Driving Factors
- Restraining Factors
- Video Game Market Segmentation
- Regional Insights of Video Game Industry
- Covid-19 Impact
- Key Industry Players
- Key Industry Developments
- Report Coverage
Request a Free sampleto learn more about this report. Growing Trend of Competitive Multiplayer Games has been Fueling Market Growth The market has observed an exponential rise in the inclination of individuals toward competitive multiplayer mobile games. Esports has become a global phenomenon, and games such as Player Unknown's Battlegrounds (PUBG)...
The rise in Technological Advancements is Driving the Video Game Market Growth The growing integration of 3D, high-definition graphics, sound effects, Virtual Reality (VR), and Augmented Reality (AR)in games has made them more graphically sound and high-functioning. They are more appealing and thus can grab the attention of a large consumer base. V...
Increasing Health Issues and Concerns Regarding Addiction are Restraining Market Growth Countries across the globe have been concerned with addiction related to gamingand the promotion of violence through different games to subsequent increases in depression and aggressive behavior in children. Thus various governments have banned games that can me...
By Device Analysis
To know how our report can help streamline your business, Speak to Analyst Rising Penetration of Smartphones will Further Aid Market Growth By device, the market is divided into smartphones, PC/laptop, and consoles. The PC/laptop segment has been observing significant growth owing to the rise in PC gaming and gaming consoletrends among Generation Y, although smartphones have the highest market share. The global adoption of smartphones, coupled with increasingly powerful 5G networks and cloud-...
By Age Group Analysis
Higher Inclination of Generation Z toward Online Games will Boost the Market Growth By age group, the market is further divided into Generation X, generation Y, and Generation Z. Generation Y and Generation Z have the highest population share. However, generation Z has the dominant share of the market. Generation Z grew up in a highly sophisticated technological environment with advancements in smartphones and laptops during this period. Thus, they are more tech-savvy than their predecessors....
By Platform Type Analysis
Rapid Penetration of the Internet has been Driving the Market Growth By platform type, the market is divided into online and offline. The online segment has the highest video game industry share and has observed rapid advancement in recent years owing to several factors, such as technological advancements, rapid internet penetration, and development in the smartphone industry with the launch of new gaming smartphones. The online segment consists of various genres such as First-Person Shooter...
To get more information on the regional analysis of this market, Request a Free sample The region is further segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is a significant contributor to market growth and consists of countries such as China, India, Japan, Australia, and othe...
Product Demand Increased Due to Implementation of Stringent Lockdowns Global health and economic stability were severely impacted in December 2019 as the novel strain of COVID-19 emerged. Further, in March 2020, the World Health Organization (WHO) declared COVID-19 as a pandemic. Governments around the globe announced various rules & regulations to...
Players in the global market focus on innovations and product developments tailored to customer requirements and advanced technological adaptation. Manufacturers and developers are launching new games and events to cater to the growing demand. Furthermore, new technological innovations such as augmented and virtual realityhave increased competition...
In July 2022, Asus expanded its gaming smartphone ROG line by launching its new ROG Phone 6 and ROG Phone 6 Pro. The phone comes with the latest Snapdragon 8+ Gen 1 system-on-chip, IPX4 rating, AMO...In March 2022, OnePlus launched its new flagship phone, the OnePlus 10 Pro, with advanced features such as 150W SuperVOOC fast charging, HyperBoost Gaming Engine, and others for targeting gamers.In October 2022, Samsung launched a new 55-inch curved gaming monitor Odyssey Ark. The new game has advanced features such as a 165 Hz refresh rate, 4K resolution, 1 ms of response time, AMD FreeSy...In August 2022, Philips expanded its gaming monitor range with the launch of its new flagship gaming monitors, 27M1N3200ZA and 24M1N3200ZA, in India.To get information on various segments, share your queries with us The research report analyzes the market in-depth and highlights crucial aspects such as prominent companies, competitive landscape, product types, categories, and distribution channels. Besides this, the report provides insights into the video game industry trends and highlights sig...
The global video game market size was estimated at USD 217.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. The market's expansion is attributed to the ongoing trend of online gaming, the emergence of high bandwidth network connectivity, and the continuous demand for 3D games.
- The global video game market is expected to grow at a compound annual growth rate of 13.4% from 2023 to 2030 to reach USD 583.69 billion by 2030. R...
- The Asia Pacific dominated the video game market with a share of more than 48 % in 2022. This is attributable to the ever-increasing smartphone pen...
- Some key players operating in the video game market include Microsoft Corporation, Nintendo Co., Ltd., Rovio Entertainment Corporation, NVIDIA Corp...
- Key factors that are driving the video game market growth include the growing penetration of internet services coupled with the easy availability a...
Jul 28, 2022 · The gaming industry is tipped to maintain its recent rapid growth, and could be worth $321 billion by 2026, a new PwC report says. Millions of new players splashed out on games and consoles during COVID-19 lockdowns. Some players said gaming during the pandemic helped with their mental health.
Feb 1, 2024 · Through traditional access points like console, PC and handhelds, as well as the endless apps one finger touch away on our phones, video gaming has been valued at nearly $200 billion for...
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