Gaming Software Market to Reach $301.5 Billion by 2032

December 05, 2023: According to a new report by Allied Market Research, the global gaming software market is expected to reach $301.5 billion by 2032, growing at a CAGR of 9.3% from 2022 to 2032. The report attributes the growth to the increasing popularity of video games, the rise of esports, and the advancement of technology.

Key segments

By type, the PC games segment is expected to hold the largest share of the market in 2032, accounting for over 40% of the global market. However, the mobile games segment is expected to grow fastest during the forecast period, driven by the increasing popularity of smartphones and tablets.

By region, North America is expected to hold the largest share of the gaming software market in 2032, followed by Asia Pacific and Europe. This is due to the large economies and the high adoption of video games in these regions.

Advancements in technology

Advancements in technology, such as virtual reality (VR) and augmented reality (AR), are expected to drive the growth of the gaming software market in the coming years. VR and AR headsets are becoming increasingly affordable and offer gamers a more immersive gaming experience.

Growth of esports

The growth of esports is also expected to drive the development of the gaming software market. Esports is a form of competitive video gaming that is being watched by millions of people around the world.

Key players

Some key players in the gaming software market include Electronic Arts, Activision Blizzard, and Microsoft. These companies invest heavily in research and development to develop new and innovative gaming software.

The gaming software market is expected to continue to grow in the coming years, driven by the increasing popularity of video games, the rise of esports, and the advancement of technology.