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Revenue Forecast and Industry Growth
- The global gaming industry is forecasted to be worth USD 113.0 billion by 2024 with 3.1 billion mobile gamers.
- PC gaming had 1.4 billion players in 2021, expected to rise to 1.5 billion by 2024.
- Console gaming had 871 million players in 2021, projected to increase to 943 million in 2024.
- The gaming industry in Japan is expected to be worth JPY 1.55 trillion by 2024.
- Microtransactions and DLC market has increased in value by almost 121% in the last 7 years.
- Approximately 85% of the complete gaming industry revenue is from games that are free to play.
- In 2024, the gaming industry is dependent on multiple factors including app category, target market acquired, visibility, and platform.
Industry Revenue in 2023
- The mobile gaming segment is expected to account for approximately 50% of the total video game industry revenue in 2023.
- Global esports revenue projected to reach $1.08 billion in 2023.
- Cloud gaming market expected to be worth $6.9 billion.
- VR gaming market estimated worth of $4.7 billion in 2023.
Global Games Market Overview
- The US accounts for 25% of all games market revenues worldwide.
- Asia-Pacific is 2023’s biggest games region overall, accounting for 46% of global revenues.
Industry Growth and Market Share
- The global game market will grow from $175.8 billion in 2021 to over $200 billion in 2024.
- Mobile gaming leads the industry with close to $70 billion, accounting for over 40% of the total.
- In 2019, the overall industry’s worth was only $152 billion.
Market Share in 2023
- Mobile gaming accounts for the largest share at $68 billion or 45% of the total.
- Console gaming follows closely, with Nintendo and Sony leading the market.