Video gaming is one of the fastest-growing sectors in the industry. It comprises different modes of gaming, including console gaming, mobile gaming, and PC gaming, out of which PC gaming accounts for 25% of the video gaming industry.
The video gaming industry was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. It includes the creation, promotion, and monetization of video games.
PC gaming is a form of video game that involves the usage of Desktop and Laptop peripherals as a platform for gaming and entertainment purposes. The growth in PC gaming has seen a steady rise over recent years as the demand is not just limited to professional gamers but normal users as well. This is because of the seamless experience which PC gaming offers to the users in comparison to other forms of gaming.
PC gaming reached a value of $45 billion in 2021 globally, witnessing a significant increase of 12% from the previous year as a result of the growing demand for video gaming. The market grew as indoor game activities increased following the shutdown of outdoor games owing to the pandemic forcing people to spend most of their time at home due to the multiple lockdowns in almost all parts of the globe.
North America and especially the US saw the biggest growth during the 2017-2021 period with a CAGR of 16.7%. Overall, the global PC gaming market saw a CAGR of 10.4% during 2017-2021. China has the biggest market for PC gaming globally with a market value of over $13 billion, contributing to 30% of the global market share. The US comes second with a share of 17%, closely followed by South Korea with almost the same share.
Asia and South & Central America regions were among the regions that had lower growth than the global CAGR for the period of 2017-2021 as they were among the worst-hit regions during the COVID-19 pandemic thereby making people thrifty.
Many companies in the gaming industry are bringing digitization and user-friendly engagement to their gaming platforms to enhance the user’s gaming experience.
The major companies that have a strong presence in the global PC gaming market include Sony, Electronic Arts Inc., and Activision Blizzard Inc among others.
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