Video gaming is one of the fastest-growing sectors in the industry. Video gaming comprises different modes of gaming, including console gaming, mobile gaming, and PC gaming, out of which PC gaming accounts for 25% with a market value of $45 billion in 2021.
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 to normal users as well. This is because of the seamless experience that PC gaming offers to the users compared to other forms of gaming.
The US is the second biggest market in PC gaming. The market size of PC gaming in the US reached $8 billion in 2021. The PC gaming market in the US grew by 16% in 2021 as the demand for video gaming increased. The market grew as indoor game activities increased following the shutdown of outdoor games owing to the pandemic and people globally spent most of their time at home due to the lockdowns.
However, in the initial phase of the pandemic, the video gaming segment saw some supply disruption globally which lowered consumption even though there was demand from consumers. As a result of this, the growth for global PC gaming in 2021 was down marginally by 1%, from 13% in 2020 to 12% in 2021.
This didn’t influence the US’s PC gaming market, with the market showing positive growth even during the pandemic as it grew by 16% in 2021 in comparison to 14% in 2020. Overall, the PC gaming market in the US saw a huge growth of $3 billion during 2018-2021 with a CAGR of 18%.
The US accounts for 17.5% of the global market share of PC gaming and accounts for 80% in North America, making it one of the most influential markets in video gaming. The PC gaming market is growing rapidly in the US and is catching up with the market leader, China at a good pace. Many companies in the gaming industry are bringing digitization and user-friendly engagement to their gaming platforms to enhance the user’s gaming experience.
Major players in the PC video gaming segment in the US include Microsoft, Electronic Arts Inc, and Sony.
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