On July 5th, Valuates Reports released a new study that tracked the growth of the global gaming market from 2019 to 2026. In this report, it was revealed that the global gaming market will be worth $398.95 billion by 2026.
“The emergence of cloud gaming is expected to drive the gaming market. Using the highly scalable cloud platform, High-end games can be played even on lower-end machines. With cloud solutions, the limitations imposed by memory needs, graphic capacity, and processing power are reduced, providing players with an amazing gaming experience,” the report reads. “Game developers are also constantly improvising and pushing the technological limits regarding the real-time rendering of graphics in the video game industry, which is in turn expected to propel growth. Furthermore, game creators are constantly improving and pushing the technological limits in terms of real-time rendering of images, which is predicted to augment the market growth.”
The research showed that the market will grow by $206.8 billion between 2019 and 2026. As a result, the industry will register a compound annual growth rate (CAGR) of 11% from 2021 to 2026.
(All information was provided by Yahoo! Finance)