PUBLISHER: Inkwood Research | PRODUCT CODE: 1284963
PUBLISHER: Inkwood Research | PRODUCT CODE: 1284963
The United States gaming market is expected to grow with a 12.23% CAGR during the forecasted period, 2023 to 2030. The market growth is driven by major gaming firms, rising mobile gaming revenue due to smartphone accessibility, new console generations, increased gaming during COVID-19, and escalating esports popularity.
The United States is one of the world's largest gaming markets, playing a vital role in the global gaming landscape. Housing major industry giants alongside numerous smaller studios and creators, the United States gaming market is diverse and robust.
A significant portion of the United States gaming market is dominated by mobile gaming, contributing over half of the market's revenue. This sector's exponential growth in recent years can be attributed to the ubiquity of smartphones and tablets and an ever-growing library of available mobile games.
Console gaming also constitutes a considerable segment of the United States gaming market, fueled by the latest generation of consoles. The COVID-19 pandemic has further accelerated this growth, as people spending more time at home have turned to video games for entertainment, resulting in a surge in console sales.
Finally, the burgeoning popularity of esports has substantially influenced the United States gaming landscape. Hosting numerous major esports competitions and leagues, the United States draws significant crowds and substantial sponsorship and advertising revenues, further driving the market growth.
Leading market players include: Bethesda Softworks LLC, Activision Blizzard Inc, etc.