Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 219 Billion | USD 712 Billion | 14.0% | 2023 |
FrequentlyAsked Questions
An electronic game played by interacting with a user interface or input device—such as a keyboard, joystick, controller, or motion sensor—that produces visual feedback from a display device is known as a "computer game". A computer game might also be referred to as a "video game."
The video game market is expanding due to several factors, such as the rise of mobile gaming, the growth of cloud gaming & game streaming, expanding gaming demographics, and many others.
According to the report, the global video game market size was worth around USD 219 billion in 2023 and is predicted to grow to around USD 712 billion by 2032.
The global video game market is expected to grow at a CAGR of 14.0% during the forecast period.
The global video game market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and technological innovation.
The global video game market is dominated by players like Tencent Holdings Ltd., Activision Blizzard, Apple Inc., Disney, Electronic Arts Inc., Microsoft Corp., Rovio Entertainment Corporation, Lucid Games, Nintendo, and Sony Interactive Entertainment Inc., among others.
The video game market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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