Market Overview

Online gaming is now a $300 billion industry

With a value of more than $300 billion, online games are the fastest-growing market in the entertainment industry, surpassing music and movies. The number of Internet users participating in the game continues to grow exponentially. In the past three years alone, more than 500 million new players have joined.

With the global epidemic, mobile and the Internet have become increasingly popular, and more and more people spend more time on the Internet. In the past few years, this explosive growth has provided impetus for the online game industry. The demand for online games will continue to grow and is expected to reach US $545.98 billion by 2028.

It is not difficult to understand that online games have evolved into a lucrative industry, with users spending billions of dollars on game experience and assets. In 2020 alone, gamers will spend more than $54 billion on in-game items. This figure is expected to exceed $74 billion by 2025.

It is estimated that there are 2.96 billion online game players in the world, and games are still one of the most immersive industries in the world. Experts predict that by 2024, the growth of this number will reach 3.32 billion active players.

There is no sign that the situation is slowing as investors continue to make big bets on emerging online game companies. Because before September this year, the funds used for game acquisition, investment and public offering had been growing at a record rate. These investments have more than doubled the amount of US dollars in 2020, and the disclosed transaction value has reached US $71 billion in 844 transactions. In this market, the blockchain game sector is definitely a star.