In this article, the discussion about the fastest-growing gaming industry has taken the focus of other companies in the entire entertainment industry. This is because, instead of patronizing the theater, the club house, droves of people now visit the gaming houses more, both virtual and physical.
It is quite pitiful to witness more passion burgeoning for games today over those little longtime entertaining displays of the theater and the music stars. The game excites the child and adult, especially male, more than other channels of entertainment do. Little wonder, Microsoft and Sony make more more in terms of profit than almost other entertainment industries across the world.
Countries have really benefited from the high-profit ends which the gaming industry brings into the market with it. It has since discovery of this fact helped boost the financial markets of different countries across the clime understand the wide financial potentials of game and gaming.
Top Countries in the Gaming Industry
- United States. 46.4B. 209.8M.
- China. 44.0B. 744.1M.
- Japan. 19.1B. 77.1M.
- South Korea. 7.4B. 34.1M.
- Germany. 6.5B. 49.5M.
- United Kingdom. 5.5B. 38.5M.
- France. 4.1B. 38.8M.
- Canada. 3.3B. 22.0M.
Since its inception, the game industry was considered recession-proof, having thrived compared to other industries during the 2008 Great Recession, and as one of the more profitable industries during the COVID-19 pandemic in 2020 and 2021.
What Gaming Industry is Fast-Growing?
Gaming industry could mean a lot of things. The industry may comprise businesses engaged in operating, or providing services to, online casinos. It could also mean all businesses engaged in legalized gambling activities, including without limitation casinos.
Let us look at the fastest-growing gaming industry that you can either invest in or just learn to know for consciousness sake. The list is outlined right below:
Tencent
China and the United States have been battling it out for the top spot of the biggest global gaming market for years. Shenzhen-headquartered Tencent, one of the biggest online companies worldwide, is also driving the gaming market in China.
In 2021, Tencent generated approximately a third of its revenue through its online gaming segment, accumulating 174 billion yuan in the most recent year. The company also has several controlling stakes in a wide range of online and mobile gaming companies worldwide.
As such, it comes as no surprise that gaming apps ranked first as single most popular app category based on availability in Chinese app stores. As of 2022, it is estimated that there were more than 654 million mobile gamers in China.
Read Also: Top Most Profitable Video Game Industry
MPL
Mobile Premier League (MPL) is the world’s leading mobile eSports and digital gaming platform that allows users to participate in free as well as paid competitions across 60+ games in multiple categories, including fantasy sports, sports games, puzzle, casual and board games. Founded in 2018, MPL hosts hundreds of millions of tournaments a month and is trusted by over 90 million registered users across Asia, Europe, and North America.
