Online Gaming Market Size, Share, and Growth Forecast for 2025 - 2032

Online Gaming Market Size and Trends

The global online gaming market size is anticipated to rise from US$ 29.5 Bn in 2025 to US$ 59.2 Bn by 2032. It is projected to witness a CAGR of 10.5% from 2025 to 2032.

The proliferation of mobile devices is driving growth in the online gaming services sector by providing more sophisticated and accessible gaming experiences.

• The fast expanding esports market has drawn several sponsorships and advertising income, with worldwide esports revenue expected to reach US$1.5 Bn in 2023. In 2025, 49% of the digital gaming business will consist of mobile games.

Activision Blizzard and Tencent are making money off of the digital gaming trend, with Tencent's PUBG Mobile spearheading the effort. Games like "Axie Infinity" and "The Sandbox" are creating new revenue sources by integrating NFTs and bitcoin. 

Key Highlights of the Online Gaming Market

• In 2025, adventure games are estimated to attain a market share of 29% due to the popularity in AR and VR platforms.  
• In 2025, mobile platforms held a 45% market share owing to the convenience and seamless user experience.
• North America is projected to achieve a market share of 27.4% in 2025 due to the presence of major industry players. 
• Asia Pacific is anticipated to hold a market share of 39% in 2025 with growing advancement in mobile gaming.
• The rise in esports is boosting competitive gaming, attracting investments, and enhancing professional gaming opportunities.

Global Market Attributes	Key Insights
Online Gaming Market Size (2025E)	US$ 29.5 Bn
Market Value Forecast (2032F)	US$ 59.2 Bn
Projected Growth (CAGR 2025 to 2032)	10.5%
Historical Market Growth (CAGR 2019 to 2024)	4.8%

Historical Growth and Course Ahead

Online Gaming Services Skyrocketed Amidst Pandemic Restrictions

The global online gaming industry witnessed a CAGR of 4.8% in the historical period between 2019 and 2024. During the global pandemic, new technologies such as virtual reality, cloud gaming, and augmented reality have increased the appeal of online games.

Streaming sites like Twitch and YouTube also help the competitive gaming sector. With the U.S. gaming business predicted to make more money than the film industry, the worldwide pandemic is predicted to enhance the industry.

Potential gamers are increasing, especially in emerging nations such as India and China, since there will be 5.45 Bn internet users worldwide in 2023. By observing such market scenarios, market players developed their products with novel features.

• For instance, in April 2023, Sony Interactive purchased Firewalk Studios, while Microsoft and Boosteroid have inked a 10-year contract. NCSOFT and Amazon Games also announced a deal to release THRONE AND LIBERTY in various regions

Development of Blockchain and Crypto Gaming Crafts Novel Prospects through 2032

In the estimated timeframe from 2025 to 2032, the global market for digital gaming services is likely to showcase a CAGR of 10.5%. Through the introduction of decentralized economies and practical monetization prospects, blockchain gaming and play-to-earn models are transforming the game industry.

Innovation in the game industry is being driven by big firms like Gala Games, Sky Mavis (Axie Infinity), and Animoca Brands.

• Axie Infinity, one of the most successful P2E games, recorded over US$ 4 Bn in NFT trading volume as of December 2023.
• Immutable X, a leading blockchain gaming platform, secured US$ 200 Mn in funding in March 2023 to expand its Web3 gaming ecosystem.

In the years to come, the Persistence Market Research is anticipated that the use of cryptocurrency-based gaming economies will show growth potential.

Market Dynamics

Growth Drivers

Cross-platform Gaming Coming to a Reality with Innovative Visuals   

The online gaming industry is rapidly increasing owing to cross-platform capabilities, with more than 60% of Fortnite players expected to use several platforms in 2023, emphasizing the need for seamless gaming experiences. Major gaming companies like Microsoft, Sony, and Nintendo are investing in cross-play functionality to break platform barriers. For instance,

• In January 2024, Activision Blizzard introduced full cross-platform support for Call of Duty: Warzone, boosting player retention.

The rise of cloud gaming services, such as Xbox Cloud Gaming and NVIDIA GeForce Now, allows users to stream high-quality games across different devices without expensive hardware. For instance,

• In April 2023, Sony announced its expansion of PlayStation Remote Play, making it compatible with a broader range of smartphones and tablets.

As developers continue to prioritize cross-platform compatibility, online gaming is expected to grow exponentially, offering gamers greater flexibility and expanding market opportunities for game publishers and developers.

Market Restraining Factors

Concerns over Cyber-Crimes Challenges Online Gaming Platforms

The expansion of the global industry is being impacted by the growing susceptibility of online gaming to cybercrime. By using cookies to collect credit and debit card information and coerce players into disclosing banking and gaming account information, cybercriminals are taking advantage of them.

Gold-farming, in which hackers use botnets to produce in-game commodities like gold, coins, or jewels and then sell them to other players at reduced costs, is another issue in the digital gaming. This could make it more difficult for the industry to develop throughout the forecast period. Therefore, being watchful and safe is essential in online gaming sector.

Key Market Opportunities

Popularity of Live Streaming of Video Games Boost Gaming Visibility

Live streaming platforms have become a crucial driver of gaming visibility, community engagement, and market expansion.

• In 2023, Twitch reported 2.8 Mn concurrent viewers on average, while YouTube Gaming reached over 1 Bn hours of watch time in Q4 alone.

Platforms like Twitch, YouTube Gaming, and Facebook Gaming enable real-time interaction between streamers and audiences, fostering strong gaming communities. The rise of esports has fueled streaming growth, with events like The League of Legends World Championship 2023 amassing over 6.4 Mn peak viewers.

• In February 2023, Kick, a new streaming platform backed by Stake, entered the market, offering higher revenue splits for content creators, intensifying competition.

Major game publishers like Riot Games and Activision Blizzard leverage these platforms for game promotions, beta testing, and exclusive content drops. AI-powered suggestions and interactive chat features are transforming game engagement and revenue through live broadcasting.

Online Gaming Market Insights and Trends

Games Type Insights

Adoption of Advanced Gaming Interfaces Fuels the Demand for Adventure Games

The adventure gaming segment holds a market share of 29% in the global online gaming industry in 2025. The popularity is driven by immersive gaming experiences that blend storytelling with cutting-edge technology like augmented and virtual reality.

Games like "The Legend of Zelda: Breath of the Wild" by Nintendo and "Red Dead Redemption 2" by Rockstar Games have attracted millions of players, offering rich narratives and open-world exploration. The segment’s appeal is bolstered by high engagement and replay value, particularly in the action-adventure genre.

• In 2023, augmented reality games such as “Pokémon Go” continued to engage millions globally, demonstrating the potential of blending physical and digital worlds.

Advancements in AR and VR are enhancing the realisticity and interactiveness of games, with platforms like PlayStation VR and Oculus Quest predicting significant growth in the coming period.  

Platform Insights

Popularity of Mobile Gaming Platforms Offers Innovative and Seamless User Experience

Mobile gaming platforms are thriving due to increased smartphone usage and technological advancements, with mobile platforms predicted to contribute 45% of gaming revenue in 2025.

• Based on the studies, in 2019, mobile gaming generated US$ 68.5 Bn, accounting for 45% of the global online gaming market.
• In 2023, the number of mobile gamers worldwide reached 2.7 Bn, boosting the segment's market share.

The rise of 5G technology is expected to revolutionize mobile gaming, providing faster download speeds and enhanced graphics, which will contribute to a richer and more immersive gaming experience.

Companies like Tencent and Supercell have dominated the mobile gaming sector with hits like "Honor of Kings" and "Clash Royale." Mobile gaming platforms like Google Play and Apple's App Store are leveraging the trend by providing seamless user experiences and expanding their reach in emerging markets.

Regional Insights and Trends

Emphasis on Mobile Games in Asia Pacific Presents Growth Avenues  

Asia Pacific is expected to dominate the global online gaming market, with a projected market share of 39% by 2025.

The growing user base in countries such as China, Japan, South Korea, and India plays a significant role in Asia Pacific's dominance.

• In 2023, China alone contributed over US$ 41 Bn to the global gaming trades. India’s gaming market is growing rapidly, expected to reach over US$ 4 Bn in 2025.

Such immense growth in Asia Pacific is projected to continue with a CAGR of 12% from 2025 to 2032.

The availability of affordable smartphones and high-speed internet has contributed to the surge in mobile gaming across Asia Pacific. For instance,

• Tencent (China) has reported a strong performance with its mobile games, such as "Honor of Kings" and "PUBG Mobile."

Japan’s Nintendo and Sony continue to lead with their gaming consoles, while South Korea’s Nexon is thriving in the PC gaming segment.

Rise in Online Gaming in North America Shelters Innovation  

The online gaming industry in North America is expanding owing to strong gaming culture, changing consumer tastes, and technical advancements. The region is estimated to attain a market share of 27.4% in 2025.

The online sports industry in North America is projected to record a CAGR of 8.6% from 2025 to 2032. Prominent firms like Epic Games, Activision Blizzard, and Electronic Arts are expanding their user bases and improving user experiences. In North America, mobile gaming is predicted to establish a CAGR of 10.3% from 2025 to 2032.

Market expansion depends on government initiatives that help the gambling sector, such as advantageous laws and expenditures on high-speed internet infrastructure. Demand for a variety of gaming experiences is still being driven by North America's robust gaming culture.

Integration of AR and VR Enhances Gaming Immersion in Europe

The European gaming industry is transforming with the integration of advanced technologies like AR and VR. In 2025, the online gaming market in Europe is projected to hold a 24.7% share, driven by rising adoption of immersive gaming experiences.

• Meta Quest 3, launched in October 2023, enhances VR gaming with higher resolution and faster processing, while Sony’s PlayStation VR2, released in February 2023, offers high-fidelity visuals and haptic feedback for a more interactive experience.
• AR-based mobile games, such as Pokémon GO, surpassed US$ 6 Bn in revenue by 2023, showcasing AR's strong market traction.
• The launch of Apple’s Vision Pro in February 2024 is expected to accelerate AR gaming adoption.

The demand for immersive digital entertainment and next-generation gaming advancements is predicted to propel the European gaming market's 9.2% CAGR between 2025 and 2032.

Online Gaming Market Competitive Landscape

Major online gaming companies are extending their client base and global presence to obtain competitive edge in the gaming community. The global online gaming market is expected to grow tremendously due to innovative game launches and technological advancements. The market is focusing on immersive experiences and social connectivity, indicating a shift towards community-driven gaming platforms.

Industry players are likely to invest in research and development for these innovative gaming solutions. Stunning graphics, interactive platforms, and the creation of novel gaming products are anticipated to drive growth in the digital gaming sector.

Companies are projected to enhance the market through strategies such as product launches, marketing campaigns, social media engagement, and celebrity endorsements.

Key Industry Developments

• In October 2024, IGT PlayDigital launched the award-winning Mystery of the Lamp game in five US online gaming markets, featuring a 5x3 reel configuration, four jackpots, and Hold & Win-style bonus play.
• In October 2024, Caesars Entertainment introduced Horseshoe Online Casino, a cutting-edge casino app and desktop platform exclusively in Michigan, integrating Caesars Rewards with its extensive network of world-class destinations.
• In August 2024, Comic Relief US introduced the "Game to Change the World" Roblox game, aiming to raise money through empathy and scavenger hunts, culminating in a virtual music festival.
• In May 2024, MyPrize, the first multiplayer online casino, launched in select international markets, alongside MyPrize US, a social gaming platform for US users.
• In March 2024, Seven major sportsbook companies, including BetMGM, bet365, DraftKings, Fanatics Betting and Gaming, FanDuel, Hard Rock Digital, and PENN Entertainment, formed the Responsible Online Gaming Association (ROGA) to combat problem gambling, with a US$ 20 Mn pledge to promote responsible gambling education and awareness.
• In March 2024, Rhode Island launched iGaming, the seventh US state to offer online casino games, with predicting 50 to 75 job creations and complete state regulation.

Online Gaming Market Report Scope

Report Attributes	Details
Historical Data/Actuals	2019 - 2024
Forecast Period	2025 - 2032
Market Analysis Units	Value: US$ Bn/Mn, Volume: As applicable
Geographical Coverage	North America Europe East Asia South Asia and Oceania Middle East and Africa Latin America
Segmental Coverage	Type Age group of Player Games Type Platform Player Count Region
Competitive Analysis	Peak Games, Gree Electronics Arts Bwin Party Digital Entertainment King Digital Entertainment Arkadium Playdom Fun Technologies Riot Games NCSOFT GungHo Online Giant Interactive Zynga Wargaming Tencent Microsoft Sony Corp. Activision Blizzard Ubisoft Sega Konami Valve Others
Report Highlights	Market Forecast and Trends Competitive Intelligence & Share Analysis Growth Factors and Challenges Strategic Growth Initiatives Pricing Analysis & Technology Roadmap Future Opportunities and Revenue Pockets Industry Market Analysis Tools
Customization and Pricing	Available upon request

Online Gaming Market Segmentation

By Type     

• Mobile Games
• Pay-to-Play Games
• Free-to-Play Games
• Pay-in-Play Games

By Games Type

• Action
• Adventure
• Arcade
• Sports
• Puzzle
• Others

By Platform

• PC
• Console
• Mobile
• Others

By Player Count

• Single-Player
• Multiplayer
• MMO
• Others

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Middle East and Africa
• Latin America

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