As the marketing team, we understand the importance of data for informed decision making. In today’s world, the gaming industry has become a significant contributor to the US economy. According to the latest research, the market share of games in the US has been increasing steadily over the years.
Gaming Industry Overview
The gaming industry in the US is divided into two categories: hardware and software. Hardware includes gaming consoles, PCs, and mobile devices, while software includes video games, console games, and mobile games.
Market Size
The gaming industry’s market size in the US has been growing consistently, and it is expected to continue to grow in the future. In 2020, the US gaming industry’s revenue was approximately $60 billion, a 14% increase from the previous year. The software segment accounted for the majority of the revenue, with console games being the largest sub-segment.
Market Share
The market share of games in the US is dominated by console games, accounting for approximately 31% of the total gaming industry revenue. Mobile games are the second-largest sub-segment, accounting for approximately 28% of the gaming industry’s revenue. PC games and video games account for 24% and 17%, respectively.
Future Growth
The gaming industry’s future growth looks promising as technology continues to advance, and more people are becoming interested in gaming. The industry is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2021 to 2026.
Conclusion
In conclusion, the market share of games in the US is a crucial aspect of the gaming industry. Console games are the largest sub-segment, followed by mobile games, PC games, and video games. With the industry’s projected growth, it is essential to keep an eye on these trends to stay ahead of the competition.