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 China reached a value of $43 billion in 2021.
China is the market leader in the global video gaming segment. The video gaming market in China grew by 5% 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.
Furthermore, the growth in market share for video gaming segment in China has been consistent over the last years. However, the growth was slightly lower in 2021 from 2020 as the pandemic caused supply disruptions for some time which impacted the consumption.
As it was one of the few industries which had a positive effect due to the pandemic and the video gaming industry was one such industry that saw a rise in consumption. The consumption of video gaming was further aided by growth in the increased internet penetration.
The major companies that have a strong presence in the video gaming market include Tencent,YoStar, Ubisoft and Sony.
United States of America
United States of America
Japan
United Kingdom
United States of America
United States of America
United States of America
Japan
China
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward