Video Games - Worldwide | Statista Market Forecast

Revenue in the Video Games market is projected to reach US$384.90bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 7.89%, resulting in a projected market volume of US$521.60bn by 2027.
In the Video Games market, the number of users is expected to amount to 3.10bn users by 2027.
User penetration will be 35.2% in 2023 and is expected to hit 39.0% by 2027.
The largest market is Mobile Games with a market volume of US$286.50bn in 2023.
In global comparison, most revenue will be generated in China (US$109,200.00m in 2023).
The average revenue per user (ARPU) in the Video Games market is projected to amount to US$142.50 in 2023.

Definition:

The video games market refers to the entire industry involved in the creation, development, publishing, distribution, and monetization of video games. This market encompasses a wide range of products, including console games, PC games, mobile games, and online games. It also includes hardware and accessories such as gaming consoles, controllers, and virtual reality headsets. The games market is a rapidly growing industry, with millions of people worldwide playing video games and billions of dollars in revenue generated each year.

Structure:

The games market contains out of several different markets, such as Online Games, Mobile Games or Cloud Gaming. Information on all the other markets can be found on the relevant page.

Additional Information:

The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through in-game purchases, consumer spending on games, and subscription fees. Additional definitions for each market can be found within the respective market pages. Market numbers for download games, mobile games, online games and gaming networks can also be found in the digital market insights in the video games market. Key players in the market are companies like Activision (Call of Duty), PUBG Mobile or GeForce Now For more information on the data displayed, use the info button right next to the boxes.

in-scope

Fee-based video games distributed over the Internet
Downloads of full versions for gaming consoles or PCs
Mobile games for smartphones and tablets (paid app downloads or in-app-purchases)
Free-to-play online/browser games (subscription-based or including in-game purchases)
Gaming networks

out-of-scope

Physical video game sales
Demo/trial-versions

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