Technology has helped the gaming industry thrive. Without it, it’s possible to suggest that the market wouldn’t be as popular or as lucrative as it is today.
According to estimates, the global gaming market is thought to have been worth $249.55 billion in 2022, with it expected to have grown to $281.77 billion last year. Further projections have claimed that it could reach somewhere in the region of $665.77 billion by 2030. If it does, it will exhibit an increase of 13.1% in terms of compound annual growth rate.
Interestingly, Asia Pacific had the largest share of the gaming market, but the US could start to make movements to shrink that and expand their own. The nation has seen a number of developments regarding certain forms of gaming in recent years, such as the legalization of iGaming.
