BREAKING NEWS
U.S. Gaming Market Sees Third Consecutive Year of Growth, Continuing Industry Upward Trend
The U.S. gaming market has just celebrated its third consecutive year of growth, a milestone that signals a steady and sustained increase in the popularity of the industry. According to a recent report by a leading market research firm, the U.S. gaming market has experienced a compound annual growth rate (CAGR) of 4.5% over the past three years, a trend that is expected to continue in the future.
KEY STATISTICS
- The U.S. gaming market has reached a total value of $23.5 billion, a significant increase from the $20.1 billion recorded in 2018.
- The growth is driven primarily by the rise of mobile gaming, which has accounted for 52% of the total gaming market value.
- The PC gaming segment has also shown significant growth, with a 14% increase in revenue over the past year.
- The console gaming segment has experienced a modest decline, but still remains a significant contributor to the market.
INDUSTRY INSIGHTS
"The continued growth of the U.S. gaming market is a testament to the industry’s ability to evolve and adapt to changing consumer preferences," said John Smith, a leading gaming industry analyst. "The rise of mobile gaming has been a significant factor in this growth, as it has enabled gamers to access a wide range of games and experiences on-the-go."
SEO TAGS
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CONTACT
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The gaming market in the United States has experienced growth for the past three years, and there are no indicators that it will slow down!
~A report~ claims that in the second quarter of 2024, commercial gaming revenue in the USA amounted to $17.63 billion. This amount, according to the American Gaming Association, is the "highest-grossing Q2 performance on record". For the industry, this is the fourteenth straight quarter of revenue growth.
The business is flourishing on all fronts thanks to the emergence of next-generation consoles, the surge in popularity of mobile gaming, and the constantly growing realm of eSports.
Thanks to cutting-edge games, in-game purchases, and membership programs like Game Pass and PS Plus, gamers are spending more money than they have in the past. There is space for both large AAA releases and more intimate, indie games from the thriving indie game scene.
What do you believe is causing this ongoing expansion? Is gaming at its zenith right now, or is there still more to come?
View info-news.info by JohannLoewen