A new esports sector report was released by Fortune Business Insights on November 12th. In this research, it was revealed that the global gaming market will be worth $545.98 billion by 2028, meaning the industry will exhibit a compound annual growth rate of 13.2% between now and then.
“The gaming market is fragmented by major companies that are focusing on maintaining their presence,” the report reads. “They are doing so by proactively investing in R&D activities to develop engaging online video games. Additionally, other key players are adopting organic and inorganic strategies to maintain a stronghold that will contribute to the growth of the market during the forecast period. Online video games have become more prevalent in recent years.”
The APAC (Asia-Pacific) region is expected to demonstrate the most growth between 2021 and 2028. According to the report, the APAC gaming market was valued at $86.96 billion in 2020.
(All information was provided by Globenewswire)
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