The gaming industry has evolved into a global economic juggernaut, surpassing the combined revenue of the film and music industries.
In 2023, the global gaming market was valued at around $250 billion with a projected annual growth rate of 8-10%.
Console and PC gaming drive significant profits, with companies like Sony, Microsoft, and Nintendo earning revenue from game sales, subscriptions, and digital marketplaces.
High-budget 'AAA' titles generate hundreds of millions in sales, while digital storefronts take cuts on third-party games.