In the past few decades, the gaming industry has been successfully creating a buzz in the online world. A multi-million dollar industry already, gaming is the first choice for millennials and adults who still can’t let go of their childhood gaming addiction. Top gaming companies are continually investing heavily, developing new games, and launching them under different genres, old ones, and new ones. The industry is a significant revenue generator, bringing gamers from across the world together through video game tournaments, leagues, and competitions.
The video game sector entirely depends on innovation. Over the next decades, new technologies, smarter concepts, swift controls, and experiences, especially new genres, are counted among some of the major developments to be witnessed in the gaming industry.
Market Overview
According to the statistics studied by Straits Research, the gaming industry is undoubtedly a booming one, expected to reach a whopping amount of USD 150 million by 2022. The industry was dominated by APAC in 2017, accounting for a revenue share of 39.9 percent. China, with the highest number of gaming studios, is leading the list of regions contributing to the major trends and growth of the global gaming market.
Electronic Arts (EA), Activision Blizzard, Ubisoft, NetEase, Sony, and Tencent are among the top gaming companies today in the world. These companies are known for their brilliant graphics, easy user interface, interactive and story-type games like Grand Theft Auto, Need For Speed, Tencent’s PubG, EA’s FIFA, and Ubisoft’s Far Cry.
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