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Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks

Growth in Market Size of the Video Gaming Segment in the United Kingdom (2018-2021, by %)

Industry: Gaming Software
Current: Market Sizing & Shares

The market size of video gaming in the United Kingdom reached a value of $6.8 billion in 2021
The video gaming market in the United Kingdom grew by 23% in 2021 as the demand for video gaming
The major companies that have a strong presence in the video gaming market include Tripledot Studios, Outplay Entertainment, and Bossa Studios

Growth in Market Size of Video Gaming Segment in the United Kingdom: Industry Overview

Video gaming is one of the fastest-growing sectors in the industry. This segment was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. The video game industry includes the creation, promotion, and monetization of video games. Video gaming comprises different modes of gaming, including console gaming, mobile gaming, and PC gaming.

Moreover, the roll-out of 5G/High-speed internet services globally has aided the growth of the video gaming segment.

The market size of video gaming in the United Kingdom reached a value of $6.8 billion in 2021. The United Kingdom is the fifth largest market for the video gaming segment globally.

The video gaming market in the United Kingdom grew by 23% in 2021 as the demand for video gaming 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 video gaming segment too saw some supply disruption which lowered consumption even though there was demand from consumers. As a result of which the growth for the video gaming segment in 2021 was down marginally by 1%.

Moreover, video gaming was among one the few industries which had a positive effect due to the pandemic. The consumption of video gaming was further aided by growth in the increased internet penetration. However, in the initial phase of the pandemic video gaming segment too saw some supply disruption which lowered consumption even though there was demand from consumers.

The major companies that have a strong presence in the video gaming market include Tripledot Studios, Outplay Entertainment, and Bossa Studios.

Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks Visit Report Store