Top 10 Gaming Markets in 2024

The global gaming industry is on a constant rise, and by 2024, it is projected to reach a staggering revenue of $25.2 billion. The market growth can be attributed to several key factors, including the increasing penetration of smartphones and innovations in virtual and augmented reality technologies. Here’s a list of the top 10 gaming markets that are anticipated to dominate the industry in 2024:
United States
Projected market revenue: $8 billion
Key drivers: High disposable income, advancements in gaming technology and hardware
China
Projected market revenue: $6.5 billion
Key drivers: Rapidly growing middle class, high smartphone penetration, growing popularity of esports
Japan
Projected market revenue: $3.2 billion
Key drivers: Strong gaming culture, leading innovations in gaming technology
Germany
Projected market revenue: $2.5 billion
Key drivers: Strong economy, high demand for PC and console gaming, growing interest in esports
United Kingdom
Projected market revenue: $2.1 billion
Key drivers: A thriving gaming scene, increasing mobile gaming adoption, government support for the industry
South Korea
Projected market revenue: $1.7 billion
Key drivers: Major gaming companies like Nexon and NCSoft, advanced technology infrastructure, wide esports acceptance
France
Projected market revenue: $1.6 billion
Key drivers: High demand for video games, strong internet infrastructure, significant investments in gaming startups
Canada
Projected market revenue: $1.4 billion
Key drivers: Growing presence of gaming studios, strong economy, advanced technology infrastructure
India
Projected market revenue: $1.3 billion
Key drivers: Rapidly increasing smartphone penetration, affordable internet rates, a young and tech-savvy population
Brazil
Projected market revenue: $1.1 billion
Key drivers: Growing number of gamers, expanding middle class, growing investments in internet infrastructure
By 2024, these markets are anticipated to lead the charge in the gaming industry. They are bound to bring forth exciting advancements and new opportunities, contributing significantly to the global market’s growth.