The gaming industry is a multi-billion dollar global business that continues to grow. In this article, we’re going discuss top five biggest companies in terms of revenue.
Gaming Industry Analysis
The video gaming industry has been on the rise for years and it’s expected to continue growing. In 2022 it is valued at USD 197 Billion and expected to grow to USD 268 Billion by 2025. The video gaming industry has experienced an increase in popularity with several sub-categories, such as esports, console gaming and video game streaming. These are all growing trends that you’ll want to be aware of if you are a gamer.
The world of esports is an exciting one, with video game competitions across the globe. These are often team games like Dota and Counter-Strike but they can also be single-player games such as Tekken 7. The communities that support these tournaments are passionate and dedicated. The players who win them often enjoy heavy prize money, while also achieving celebrity status in their respective gaming communities!
Mobile gaming has been on the rise in recent years as mobile devices provide convenience for people to enjoy games without having invested heavily into consoles or computers. PUBG has become one of the most popular games in this era with millions of active players.
The North American region continues to be the biggest gaming market, despite the recent rise in Asia. The industry is forecasted to grow even more in future years!
These are the world’s 5 biggest gaming companies, according to their 2021 annual revenue.
1. Microsoft Corporation
2021 Annual Revenue: USD 168.08 Billion
Microsoft Corporation is a multinational technology firm based in Redmond, Washington that manufactures personal computers, computer software and consumer electronics. Xbox video game consoles are developed and manufactured by Microsoft Corporation. The company’s flagship product, the Xbox is one of the most popular gaming systems.
Xbox Game Studios is Microsoft’s video game production house which produces and publishes games for Xbox, Windows computers and Windows mobile devices. The company’s total revenue for the fiscal year 2021 was USD 168.08 billion, an increase from last year.
2. Tencent Holdings Limited
2021 Annual Revenue: USD 86.61 Billion
Tencent Holdings Limited is a Chinese company that has made its name in the world of technology and entertainment. It is among the world’s highest-earning companies when considering revenue from technology or entertainment sectors alone!
Tencent Games is a division of Tencent Holdings that focuses on developing and publishing video games. The company is known for developing some of the most popular games in this industry such as PUBG Mobile and Metal Slug: Awakening. In 2021, Tencent Holdings Limited’s revenue totalled USD 86.61 billion – a clear indication that they are one of the largest gaming companies.
3. Sony Corporation
2021 Annual Revenue: USD 84.59 Billion
Sony Corporation is a multinational corporation with headquarters in Tokyo, Japan. This Japanese organization manufactures various types of electronics for both professional use and consumer life alike all over the world.
The company is a video games developer and publisher that operates through Sony Interactive Entertainment. The company’s two sub-divisions are Sony Interactive Entertainment LLC, which is based in California, USA and Sony Interactive Entertainment Inc., which is based in Tokyo, Japan. They produce video game consoles as well as other devices like cameras, headphones, music players, etc. for customers around the world. Sony Corporation has sold over 580 million PlayStation gaming consoles, and their revenues for 2021 were reported at USD 84.59 Billion!
4. Nintendo Co., Ltd.
2021 Annual Revenue: USD 15.88 Billion
Nintendo Co., Ltd. is a Japanese company that has been in the business of making entertainment products for years. They develop games, manufacture hardware and sell to keep people entertained all over the world!
Nintendo has been involved with video games with the Super Nintendo Entertainment System, the Nintendo DS, Game Boy, the Switch and the Wii. They continue innovation in modern gaming with each new product released! The global company has operations in dozens of countries and its sales for 2021 were reported at USD 15.88 Billion.
5. NetEase, Inc.
2021 Annual Revenue: USD 13.74 Billion
NetEase, Inc. is a company that offers various internet-related services including content and commerce on the web as well as communication and community services. The company provides a variety of services including mobile and PC client gaming, email, e-commerce, live streaming video, advertising, music and online payment.
NetEase, Inc, is dedicated to providing exceptional game-play experiences for its thriving community. The firm offers industry-leading R&D resources in-house with an emphasis on creative development that inspires players. their revenues for 2021 were reported at USD 13.74 Billion!