The gaming industry includes all businesses engaged in video gaming.

The video game industry encompasses the development, marketing, and monetization of video games.

Video gaming is a multi billion-dollar business and have been for many years. According to Yahoo Finance, the video gaming industry in 2022 was valued at a $197 billion and is expected to grow to $268 billion by 2025. The video gaming industry includes several sub-categories, like esports, video game streaming & console gaming, which are widely popular amongst gamers these days. Esports relates to video game competitions organized across the world.

In 2020, the revenue from the worldwide PC gaming market was estimated at almost $37 billion, while the mobile gaming market generated an estimated income of over $77 billion. Major players in the video gaming industry are Tencent, Sony and Apple, each generating billions of dollars in revenue every year, making them some of the most successful public companies in terms of gaming revenue. Sony's PlayStation is the bestseller among current generation consoles and, in 2020, the unit sales of the PlayStation 4 reached more than 112 million units.

Understanding the Gaming Industry

Gaming has become our extended virtual life & Fund Manager Raunak Onkar walks us through some of the developments in the Gaming Industry & how the business of gaming works.