Video Games – Worldwide | Statista Market Forecast

The Gaming Global Market Report 2023 by The Business Research Company, provides gaming market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Gaming Global Market Report 2023, the market size is expected to grow from $229.39 billion in 2022 to $252.10 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gaming market is expected to grow to $401.32 billion in 2027 at a CAGR of 12.3%.

The increase in proliferation of mobile phones is expected to propel the growth of the gaming market going forward. A mobile phone is a portable electronic gadget with a cellular network connection. Mobile phones help the gaming market to grow by providing boosters for enhanced performance, better display, and top-end specifications.

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The gaming market is segmented:

1) By Game Type: Action, Shooter, Role-Playing, Sports, Other Game Types

2) By Device: Console, Mobile, Computer

3) By Purchase Type: Box/CD Game Purchase, In-App Purchase Based, Shareware, Freeware, Other Purchase Types

4) By Platform: Online, Offline

Technological advancement is a key trend in the gaming market. Major market players are utilizing cutting-edge technologies to maintain their place in the gaming industry. For instance, in September 2020, Sony Interactive Entertainment LLC, a Japanese-based video game and digital entertainment company, launched PlayStation 5, a highly anticipated next-generation gaming system. SIE also announced new PS5TM game upgrades, including Final Fantasy XVI, Fortnite, Hogwarts Legacy, and a new God of War title. Both PS5 variants feature the same unique processor with integrated CPU and GPU for 4K graphics, along with the same ultra-high speed SSD with integrated I/O for lightning-fast loading.

The gaming market report table of contents includes:

  1. Executive Summary
  2. Gaming Market Characteristics
  3. Gaming Market Trends And Strategies
  4. Gaming Market – Macro Economic Scenario
  5. Gaming Market Size And Growth




  1. Africa Gaming Market
  2. Gaming Market Competitive Landscape And Company Profiles
  3. Key Mergers And Acquisitions In The Gaming Market
  4. Gaming Market Future Outlook and Potential Analysis
  5. Appendix

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