News

The Global Gaming Market Will Be Worth Almost $550B By 2028

A new report was recently released by Fortune Business Insights. In this study, it was revealed that the global gaming market is expected to grow to $545.98 billion by 2028.

The report also showed that the global gaming market was worth $203.12 billion in 2020. Therefore, between 2021 and 2028, the global gaming industry will exhibit a compound annual growth rate (CAGR) of 13.2%.

“The key players in the market are focusing on improvements and advancements to provide their users with premium quality games. To do so, they are working on hardware, software bandwidth, and mobile internet speed.,” the report reads. “Moreover, many key players are focusing on acquisitions. For instance, in September 2019, Microsoft acquired a video game Company named ZeniMax for USD 7.5 billion. These steps taken by major companies are expected to drive market growth during the forecast period.”

Several organizations were mentioned by name in the January 24th report. This included Microsoft, Nintendo, Sony, EA, Activision-Blizzard, and more.

(All information was provided by Yahoo! Life)

0 comments on “The Global Gaming Market Will Be Worth Almost $550B By 2028

Leave a Reply

%d bloggers like this: