Online Gaming Market Size, Share, Growth | Industry Report

The online gaming market has evolved at a rapid pace over the past decade and a half. From ‘game & watch’ games to highly popular open-world online games, video games have come a long way in terms of both – graphics and the overall gaming experience.

Out of all the digital trends that have garnered considerable traction over the past few years, the online gaming sphere is at the forefront. The online gaming market is booming at an impressive pace due to an array of factors such as increasing penetration of affordable internet, access to online games, and large-scale development of unique and engaging multiplayer games.

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Cross-platform Gaming Coming to a Reality

The significant progress and evolution of online and digital gaming models is a major factor that is expected to drive the demand for online gaming. One of the leading factors that are expected to play a critical role in the development of the online gaming market is the advent of cross-platform gaming.

Gamer developers and vendors are increasingly focusing on consolidating their position in the competitive market landscape by rolling out games that are compatible with a myriad of gaming platforms such as Xbox, mobiles, personal computers, and play station to name a few.

Streaming Platforms Pull-in Large Audiences as Gaming Celebrities Gain Popularity

Over the past few years, as the online gaming market continues to expand at a staggering pace, with it, online streaming platforms have garnered considerable traction. As online gaming continues to become mainstream, the demand for gaming tutorials and play through videos has witnessed a notable surge.

In the current scenario, several upcoming players, professional gamers, and gaming celebrities are increasingly using streaming platforms such as Twitch and YouTube due to which, large audiences are tuning in to watch their favorite streamers and games – a win-win situation for both; the streamer and the audience.

Online streaming trend is set to provide a massive boost to the growth of the global online gaming market over the next few years. While online gaming streaming platforms such as Twitch continue to gain popularity, content creators involved in the online gaming market are increasingly using YouTube to upload pre-gaming recorded content to draw audiences.

Cross-platform Gaming Coming to a Reality

The significant progress and evolution of online and digital gaming models is a major factor that is expected to drive the demand for online gaming. One of the leading factors that are expected to play a critical role in the development of the online gaming market is the advent of cross-platform gaming.

Gamer developers and vendors are increasingly focusing on consolidating their position in the competitive market landscape by rolling out games that are compatible with a myriad of gaming platforms such as Xbox, mobiles, personal computers, and play station to name a few.

Streaming Platforms Pull-in Large Audiences as Gaming Celebrities Gain Popularity

Over the past few years, as the online gaming market continues to expand at a staggering pace, with it, online streaming platforms have garnered considerable traction. As online gaming continues to become mainstream, the demand for gaming tutorials and play through videos has witnessed a notable surge.

In the current scenario, several upcoming players, professional gamers, and gaming celebrities are increasingly using streaming platforms such as Twitch and YouTube due to which, large audiences are tuning in to watch their favorite streamers and games – a win-win situation for both; the streamer and the audience.

Online streaming trend is set to provide a massive boost to the growth of the global online gaming market over the next few years. While online gaming streaming platforms such as Twitch continue to gain popularity, content creators involved in the online gaming market are increasingly using YouTube to upload pre-gaming recorded content to draw audiences.

Videogame Sales Witness Staggering Growth amidst COVID-19 Crisis

By Type

• Mobile Games
• Pay-to-Play Games
• Free-to-Play Games
• Pay-in-Play Games

By Age Group of Player

• Below 10 Years
• 11-18 Years
• 19-24 Years
• 25-34 Years
• 35-44 Years
• 45 and Above Years

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Online Gaming Market: Key Players

Some of the key players of online gaming market include, Peak Games, Gree, Electronics Arts, Bwin. Party Digital Entertainment, King Digital Entertainment, Arkadium, Playdom, Fun Technologies, Riot Games, NCSOFT, GungHo Online, Giant Interactive, Zynga, Wargaming, Tencent, Microsoft, Sony Corp., Activision Blizzard, Ubisoft, Sega, Konami, Valve and Others.

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