Limited outdoor entertainment options amid the pandemic helped the video game companies significantly expand their user base and generate solid revenues. Although people’s increased inclination toward outdoor entertainment options has led to a slight decline in sales recently, increasing focus on creating captivating content, free-to-play mobile games with better graphics, quality, and low latency, and advancement of gaming consoles are expected to help the industry thrive.
The global video games market is expected to grow at a 9.3% CAGR to $293.20 billion by 2027. Also, the mobile games segment is projected to grow at an 11.5% CAGR to reach $153.50 billion by 2027.
