How large is the global gaming industry?

The global gaming market size was USD 203.12 billion in 2020 and is projected to grow from USD 229.16 billion in 2021 to USD 545.98 billion in 2028 at a CAGR of 13.20% during the 2021-2028 period.

How big is the gaming industry globally?

The largest segment is Mobile Games with a market volume of US$315.90bn in 2023. In global comparison, most revenue will be generated in China (US$107,300.00m in 2023). The average revenue per user (ARPU) in the Video Games segment is projected to amount to US$140.20 in 2023.

Is the video game industry 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.”

Is the gaming industry bigger than the movie industry?

In the last decade, the gaming industry has been smashing Hollywood's earnings out of the park! Just in 2021, the Global “Games Market” had a whopping $180BN in revenue. In fact, Gaming is bigger than Hollywood and the music industry combined.

What is the biggest entertainment industry in the world?

To put that in perspective, the music industry was valued at $19.1 billion in 2020, while the movie industry was valued at $41.7 billion. That means the gaming industry is making more than three times as much money as the music industry and almost four times as much as the movie industry.

How large is the global gaming industry?

How much is the global gaming industry worth?

How Much Is the Gaming Industry Growing? The gaming industry is expected to keep growing in the coming years. Hence, it exceeded 300 billion at the end of 2021. By then, it is expected that the gaming industry will grow at a 7.2% compound annual growth rate (CAGR) between 2019 and 2025.

How big is the global gaming market in billion?

The global gaming market was valued at US$ 202.7 Billion in 2022.

Is gaming bigger than Hollywood?

Does the gaming industry makes more than Hollywood? According to recent data, the gaming industry is now making more money than the music and movie industries combined. According to a report by SuperData Research, the global gaming market was valued at $159.3 billion in 2020.

What percentage of the world is gamers?

Since there are only 7.67 billion people on the planet, roughly 36% of the world are gamers.

Who has the largest gamer population?

Asia is the biggest gaming market, with 1.48 billion players. It should come as no surprise that Asian countries have the most gamers globally. After all, many gaming companies hail from this continent, as does most of the world's population.

Which country has most gamers?

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

Who is the billionaire in game industry?

The only billionaire as famous in the West is Valve's Gabe Newell, or "Gaben" as many devotees call him, the man at least partly responsible for such gaming phenomenons as Portal 2, the Half-Life franchise, and Steam. But there are other, much richer, names in video games.

How big is the US gaming industry?

As well as being one of the leading gaming market in terms of revenue, the United States is also considered by many as the birthplace of gaming as we know it today. In 2022, the video game market size in the United States was estimated to be 97.67 billion U.S. dollars, setting a new all-time industry record.

Where in the US is gaming most popular?

The results were clear: Maryland tops the list as the most gaming-obsessed state! Maryland scored highest on all six factors, with a diverse population, plenty of gaming conventions and social networking groups, fast internet speeds, high computer ownership rates and great 5G coverage across the entire state.

Which country is no 1 in esports?

South Korea

As South Korea is widely regarded as being the country that kickstarted the whole esports phenomenon, it's no surprise that this nation has routinely given us many of the best competitive gaming stars. From Starcraft to League of Legends and PUBG; Korea produces esports legends routinely.

Why the global gaming industry is growing so quickly?

Technical innovations, expanding market demographics, and an increase in video game-related merchandise have all contributed to the video game industry's new scope.

What gaming has the biggest revenue?

What percentage of the US is gamers?

According to a survey conducted in October 2022, 70 percent of adults in the United States played video games on at least one platform. In comparison, 30 percent of U.S. adults did not play video games at all.

Who is the world top 1 gamer?

Who is the most famous gamer on YouTube? The most famous gamer on YouTube is PewDiePie.

What gender is the majority of gamers?

What percentage gamers are female? Almost half of gaming audiences in the United States are female. This development has been ongoing for years, and whereas women are under-represented in games media and the industry, they make up a sizable chunk of gamers and spending power.