What Has Been the Progress and Growth of the Online Gaming Market in Recent Years?
The online gaming market has seen considerable growth due to a variety of factors.
• The size of the online gaming market has seen significant expansion recently. The market, which was valued at $98.6 billion in 2024, is projected to increase to $109.68 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.2%.
The surge noted through the historical timeframe can be credited to progress in mobile gaming, development in digital distribution platforms, the growth of gaming demographics, and the introduction of free-to-play models.
What Is The Expected Growth In The Online Gaming Market Size Evolve over the Forecast Period?
The online gaming market is expected to maintain its strong growth trajectory in upcoming years.
• The dimension of the online gaming sector is predicted to witness robust expansion in the upcoming years, with an anticipated value of $159.49 billion by 2029 and a compound annual growth rate (CAGR) of 9.8%.
The surge through the prediction period is primarily due to the advent of metaverse and virtual domains, advancement in augmented reality (AR) and virtual reality (VR), the customization and dynamism of content, and the universal adoption of video games. The forecasted period will see trends such as cloud gaming services, multi-platform gaming, esports, and competitive gaming, as well as the incorporation of blockchain and NFTs, and the exploration of the metaverse.
What Main Forces Are Fueling Expansion In The Online Gaming Market?
The surge in the use of mobile devices is anticipated to impel the expansion of the online gaming market in the future. Mobile devices encompass compact, easily transportable electronic tools designed for mobility and capable of accomplishing various tasks. The escalation in the usage of these mobile devices can be attributed to multiple causes such as their unmatched convenience, connectivity, cost-effective nature, and socio-cultural facets. Online gaming on mobile devices caters to an extensive range of tastes and playing styles, delivering varied gaming experiences. For instance, according to data from the World Bank, a financial establishment based in the US, there were 108 mobile cellular subscriptions per 100 people globally in 2022, a slight increase from 107 in 2021. Hence, the upswing in the utilization of mobile devices is facilitating the growth of the online gaming market.
What Are The Primary Segments In The Global Online Gaming Market?
The online gaming market covered in this report is segmented –
1) By Type: Action, Adventure, Arcade, Sports, Puzzle, Other Type
2) By Gamer Type: Social Gamers, Serious Gamers, Core Gamers
3) By Age group: Less Than 10 Years, 11-24 Years, 25-44 Years, 45 Years And Older
4) By Platform: Mobile Phone, Personal Computer (PCs), Consoles, Other Platforms
Subsegments:
1) By Action: Shooter Games, Fighting Games, Platformers
2) By Adventure: Narrative-Driven Games, Exploration Games
3) By Arcade: Classic Arcade Games, Casual Games
4) By Sports: Simulation Sports, Racing Games
5) By Puzzle: Match-3 Games, Logic Puzzles
6) By Other Type: Role-Playing Games (RPG), Strategy Games, Multiplayer Online Battle Arena (MOBA)
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What Trends Are Reshaping The Future Of The Online Gaming Market?
Leading businesses in the internet gaming industry are focusing on groundbreaking innovations, such as player versus player (PvP) strategic online games, to entice players and stay competitive in the face of changing gamer needs. These online games are a type of video game where players battle directly against each other in strategic fights. The primary aspect of the game involves competing against human opponents rather than computer controlled ones. For instance, in August 2023, Krafton Inc., the video game publisher and holding company based in South Korea, introduced a new online mobile game, named Road to Valor Empires, in India. It's a real-time PvP strategy game that permits players to compete globally while commanding fantastical gods, beasts, and heroes. On top of that, the game comprises a collision of ancient and mythical elements, empowering players to design their own strategies, establish their own mythical army, and participate in large-scale battles with lifelike graphics.
Who Are the Key Players In The Online Gaming Market?
Major companies operating in the online gaming market are:
• Microsoft Corporation
• Sony Corporation
• Tencent Holdings Limited
• Nintendo Co. Ltd.
• NetEase Inc.
• Valve Corporation
• Bandai Namco Entertainment Inc.
• Activision Blizzard Inc.
• Epic Games Inc.
• Electronic Arts Inc.
• Take-Two Interactive Software Inc.
• Zynga Inc.
• Nexon Co. Ltd.
• Square Enix Holdings Co. Ltd.
• Ubisoft Entertainment SA
• Konami Holdings Corporation
• NCSoft Corporation
• Riot Games Inc.
• Unity Technologies SF
• GungHo Online Entertainment Inc.
• Capcom Co. Ltd.
• Supercell Oy
• GREE Inc.
• Gameloft SE
• CD Projekt S.A.
• Miniclip SA
What Is The Most Dominant Region In The Online Gaming Market?
Asia-Pacific was the largest region in the online gaming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online gaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
