The global gaming market is expected to rise from $152 billion in 2019 to $196 billion by 2022. Undoubtedly, gaming has become a significant source of revenue for many companies in most westernized countries. Hence, the United States, the United Kingdom, and Canada making to the top 10 list of the global gaming markets is no surprise.
Recently, multiple Asian countries have risen to the top, including number one with China. Let’s have a look at the giants in the industry, including India – the flourishing market globally.
United States Of America
The U.S. has topped the list of top global gaming markets, with a total of $36.9 billion in 2019, and is likely to widen the gap in 2020 due to the new console age starting with the PS5 and XBOX.
Microsoft and PC are popular in the West, with sports games dominating the casual market. Surprisingly, most of the revenue comes from two places: loot boxes and EA, which often coincide with each other. With over 273M people online, gaming is a primary source of entertainment but falls short on television. It’s hard to find anyone in America who doesn’t have a phone or a gaming system. Although Microsoft platforms are the main source of gaming in North America, Nintendo has gained the popularity it once held in the 90s, meaning more revenue for Japan.
Once most of India went online a few years ago, gaming revenue skyrocketed for the country. Although no official number for India has been released for the 2019 year, but in 2019 the gaming market in India was estimated $890 million, which would make the country one of the fastest-growing emerging gaming market in the world.
Even so, they are hardly mentioned in top lists, and this may be because of the bizarre gambling laws in the country. Online gambling accounts for the vast majority of this figure, and you can visit this site to see one of the more popular casinos in the area. With more and more of the population having access to the internet, this figure is likely to rise.
Read more, https://dazeinfo.com/2020/01/28/which-countries-have-the-biggest-share-in-the-global-gaming-market/