Press release
What Is Driving Global Online Gaming Market Growth in 2025: The Role of Mobile Device Boom Propels Online Gaming Market Growth
Online Gaming Market
Online Gaming Market Size Growth Forecast: What to Expect by 2025?
The dimension of the online gaming sector has witnessed a swift enlargement in the preceding years. Its expansion is projected to rise from $98.6 billion in 2024 to $108.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.4%. The historic period growth can be credited to factors like mobile gaming enhancements, evolution of digital distribution platforms, broader gaming demographics, and the adoption of free-to-play models.
How Will the Online Gaming Market Size Evolve and Grow by 2029?
The size of the online gaming market is predicted to experience substantial expansion in the upcoming years, possibly reaching $157.5 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. The surge in this forecast period can be linked to the rise of metaverse and virtual worlds, advancements in augmented reality (AR) and virtual reality (VR), customization with dynamic content, and the globalization of video games. Key trends to look out for in this forecast period are cloud gaming services, cross-platform gaming, the rise of esports and competitive gaming, and the incorporation of blockchain and NFTs, as well as exploration of the metaverse.
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What Drivers Are Propelling the Growth of Online Gaming Market Forward?
The surge in mobile device utilization is anticipated to drive the expansion of the online gaming industry in the future. Mobile devices are compact, easily transportable electronic devices designed for ease of mobility and capable of executing a multitude of tasks. There are numerous driving forces behind the growing use of mobile devices, such as unmatched convenience, connectivity, affordability, and social and cultural influences. Mobile devices utilized for online gaming cater to a broad array of preferences and gaming styles, furnishing a variety of experiences. For example, the World Bank Data, a financial institution based in the US, reported that the global cellular subscriptions per 100 people was 108 in 2022, an increase from 107 in 2021. Consequently, the growing utilization of mobile devices is propelling the evolution of the online gaming industry.
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Which Emerging Trends Are Transforming the Online Gaming Market in 2025?
Leading online gaming market players are focusing on groundbreaking advancements, such as Player vs Player (PvP) strategy games, to captivate gamers, maintain their competitive edge, and cater to the changing needs of gamers. Such online games encompass a genre where gamers interact in strategic combats or rivalries with fellow players, as opposed to AI-based adversaries. In an illustration from August 2023, a South Korean video game publishing and holding firm, Krafton Inc., debuted a novel online mobile game, Road to Valor Empires, in India. This is a live PvP strategy game, allowing players worldwide to battle it out using legendary gods, creatures, and heroes. The game also incorporates a fusion of ancient and mythical components, enabling players to devise unique strategies, build their own legendary army, and participate in large-scale battles with life-like graphics.
What Are the Key Segments in the Online Gaming Market?
The online gamingmarket 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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Who Are the Key Players Shaping the Online Gaming Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.
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