GLOBAL GAMING MARKET FORECAST 2023-2032
The global gaming market is anticipated to register a CAGR of 11.60% during the forecast years of 2023-2032. Some of the top factors augmenting the growth of the market include the emergence of next-generation consoles, the growing internet penetration, the surging number of smartphone users, the easy availability of free games, and a significant customer base for digital games.
Games available on Google Play Store, Windows App Store, over the Internet or the gaming company’s website free of cost are boosting the global gaming market. Moreover, games that are available free of cost have different business models. In this regard, the free-to-play (FTP) business model is gaining increasing popularity among gamers owing to their availability without the price.
In addition, as per the Google Play store, companies with a free-to-play (FTP) business model dominate the chart; games such as Zynga PUBG that enable users to download their game for free in comparison to games which are paid are one of the most downloaded. Although these games let users create an account for free, they may need to pay for additional or premium features. However, it is possible to continue playing using the existing free business model. As a result, the availability of free-of-cost gaming plays an essential role in fueling the global gaming market growth.
1. ACTIVISION BLIZZARD
2. BETHESDA SOFTWORKS LLC
3. ELECTRONIC ARTS INC
4. GAMELOFT (ACQUIRED BY VIVENDI)
5. MICROSOFT CORPORATION
6. NEXON CO LTD
7. NINTENDO CO LTD
9. ROCKSTAR GAMES INC
11. SONY CORPORATION
12. SQUARE ENIX HOLDINGS CO LTD
13. UBISOFT ENTERTAINMENT SA