How big is online gaming industry?

Report Overview. The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.

What is the size of online gaming industry?

Online Gaming Market Size [2021-2029] to Reach USD 450.8 Billion and Exhibit a CAGR of 10.7% - Industry Trends, Mergers & Acquisitions, Challenges and Future Growth Opportunities| Adroit Market Research.

How much is the online gaming market worth?

Revenue in the Video Games segment is projected to reach US$365.60bn in 2023.

What is the market size of the gaming industry?

What is the market size of the Video Games industry in the US in 2023? The market size, measured by revenue, of the Video Games industry is $106.8bn in 2023. What is the growth rate of the Video Games industry in the US in 2023? The market size of the Video Games industry is expected to increase 9.4% in 2023.

Is gaming the largest industry in the world?

“Today, gaming is the largest category in the entertainment industry, with revenues that far exceed those of both the film and music industries. This year, the gaming industry is expected to be worth more than $170 billion in global revenues, five times greater than global movie box office revenues.”

How Big Is 𝙊𝙣𝙡𝙞𝙣𝙚 𝙂𝙖𝙢𝙞𝙣𝙜 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮

Which country is No 1 in gaming?

China and the United States have been battling it out for the top spot of the biggest global gaming market for years. Shenzhen-headquartered Tencent, one of the biggest online companies worldwide, is also driving the gaming market in China.

Which country has most gamers?

Leading the global market in the number of gamers and revenue is China, followed closely by the United States.

How big is metaverse market?

The global metaverse market size was estimated at USD 65.51 billion in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 41.6% from 2023 to 2030.

Is gaming a growing industry?

Video Game Industry Ad Revenue

US mobile gaming ad spend will grow 10.0% to $6.28 billion in 2023 and continue to grow by between 8% and 10% over the next few years, according to our forecast. Esports ad revenues are growing at around the same rate and will pass a quarter of a billion dollars in 2023.

Is gaming industry bigger than movie industry?

It has been a billion-dollar business for some time now. In 2020, the global gaming industry was set at 180 billion dollars — with almost a twenty percent increase in revenue. But what is even more surprising is the fact that the industry had more revenue than sports and even movies worldwide.

What is the future of online gaming?

The exciting future of online gaming looks like virtual reality and augmented reality will increasingly become more popular. These types of games allow users to immerse themselves in the gaming world and experience things from a new perspective.

Who is the largest online gaming company?

How many gamers are online right now?

According to the latest data, there are approximately 3.09 billion active video gamers worldwide. That figure has risen by over 1 billion in just seven years (that's a 32% increase). And the number of gamers is expected to hit 3.32 billion by 2024. The video game market is worth an estimated $197.11 billion.

Why is online gaming growing?

The COVID-19 pandemic drove an increase in online gaming, as people stayed home and spent much time on entertainment due to the lockdowns and social distancing restrictions. Overall, the pandemic had a positive impact on the online gaming industry.

Does gaming have a future?

Gaming is now a bigger industry than movies and sports combined. Revenue for gaming reached $184 billion in 2022, and the number of gamers is expected to grow to 3.6 billion by 2025. It's not just kids either: 38 percent of gamers are between the ages of 18 and 34 years, and 16 percent are older than 55.

Why is the gaming industry declining?

The cost of living crisis means consumers will likely spend far less money on gaming hardware, software and accessories this year, according to Mat Piscatella, executive director at research company NPD Group. Together, these factors are expected to cause video game sales to decline in 2022 for the first time in years.

Is the gaming industry declining?

That analysis echoes a Bloomberg report which states that the gaming industry's 4.2 percent decline in growth compared to 2021 reflects the delays in sought-after gaming titles. However, that will change in 2023, the article states.

Who owns most metaverse?

The short answer: no one, and everyone. The longer, more helpful answer: the tool builders, the software developers, world builders, artists, 3D modelers, game developers, users, investors, those are the proverbial owners of the metaverse.

Who is leading metaverse?

What is the biggest metaverse platform?

Decentraland is one of the most popular social virtual platforms in the Metaverse. Decentraland is the first decentralized online setting and largest Metaverse cryptocurrency.

What percentage of gamers are female?

Video gamers in the United States 2021, by gender

In 2021, 41.5 percent of video gamer in the United States were female, with the remaining 58.5 percent of U.S. video gaming audiences were male. Currently, there are approximately 189 million gamers in the United States.

Who are the majority of gamers?

The American gamer population is 54% male and 46% female. Of those females, women 18 and older account for a greater portion of the population than males younger than 18. The average female video game player is 14 years old, while the average male video game player is 13.

What is the biggest gaming platform?

According to Statista, the PC remains the frontrunner concerning developer support. 66% of the roughly 4,000 developers surveyed are currently working on a game released on PCs. Moreover, 60% of the respondents think PCs one of the most exciting gaming platforms.