Video gaming is no longer a hobby exclusively enjoyed by the young. As generations have grown up with video games a normal part of life, the video gaming market size has increased across the globe. As of 2020, it is estimated that China ranks first among the biggest gaming markets worldwide, with a revenue of 40.85 billion U.S. dollarss. The video gaming market in the United States ranked second, generating an approximate 36.92 billion U.S. dollars in annual revenues.
Tencent – the driving force of the Chinese gaming market
Considered as one of the mainstream forms of entertainment right now, gaming is an integral part of American culture. Current industry figures estimate that there are close to 175 million digital gamers in the United States. According to a survey conducted in 2020, 65 percent of adults in the United States played video games on at least one platform. Despite gaming already having a solid presence in everyday media consumption, the medium is only getting more popular: the coronavirus pandemic has led to non-gamers picking up the controllers, and pre-existing gamers in the United States also been spending more time and money on gaming activities.
Leading gaming markets worldwide in 2022, by gaming revenue
(in billion U.S. dollars)
* Forecast. The source provides the following information regarding methodology: \These estimates are based on a combination of primary consumer research, transactional data, quarterly company reports, and census data. The revenues are based on consumer revenues generated by companies in the global games industry and excludes hardware sales, tax, business-to-business services, and online gambling and betting revenues.\"
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Statista. (July 30, 2021). Leading gaming markets worldwide in 2022, by gaming revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2022, from https://www.statista.com/forecasts/308454/gaming-revenue-countries
Statista. "Leading gaming markets worldwide in 2022, by gaming revenue (in billion U.S. dollars)." Chart. July 30, 2021. Statista. Accessed October 07, 2022. https://www.statista.com/forecasts/308454/gaming-revenue-countries
Statista. (2021). Leading gaming markets worldwide in 2022, by gaming revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2022. https://www.statista.com/forecasts/308454/gaming-revenue-countries
Statista. "Leading Gaming Markets Worldwide in 2022, by Gaming Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jul 2021, https://www.statista.com/forecasts/308454/gaming-revenue-countries
Statista, Leading gaming markets worldwide in 2022, by gaming revenue (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/308454/gaming-revenue-countries (last visited October 07, 2022)