North America Gaming Market Size (2024 - 2029)

The North America Gaming Market is experiencing significant growth, driven by factors such as increased affordability, technological advancements, and the popularity of free-to-play and mobile games. The United States stands out as a major player in the gaming industry, while Canada is witnessing a surge in demand for its gaming enterprises and technologies, attracting international interest. The adoption of gaming platforms like e-sports and the activity of startups further contribute to the market's expansion. However, challenges such as digital privacy and piracy pose threats to the online gaming sector. The COVID-19 pandemic also accelerated market growth, as home entertainment became crucial for gamers during lockdowns.

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Market Size of North America Gaming Industry

North America Gaming Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 68.57 Billion
Market Size (2029) USD 103.83 Billion
CAGR (2024 - 2029) 8.65 %
Market Concentration Low

Major Players

North America Gaming Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Gaming Market Analysis

The North America Gaming Market size is estimated at USD 68.57 billion in 2024, and is expected to reach USD 103.83 billion by 2029, growing at a CAGR of 8.65% during the forecast period (2024-2029).

The rise in the people of the region's affordability and the strong economic backbone coupled with the latest technologies drive the market's growth. Moreover, free-to-play and mobile games are boosting the market growth in the region.

  • The gaming market in North America saw unprecedented growth in recent years due to increased mobile penetration and the availability of new consoles in the North American market. The United States is one of the largest gaming industry markets and has the most extensive library of games available to its citizens.
  • Canada's gaming enterprises, technologies, products, and expertise are witnessing an increasing demand. Several key factors, such as technological innovations, consumer preferences for new products, shifts in public perception, and innovation, drive the expansion of the Canadian gaming industry. This translated into interest from international companies wanting to make a strong foothold in Canada.
  • Adopting Gaming Platforms, such as E-sports, drives the North American region's market. Also, the region is witnessing considerable activity from startups that further propel market growth. For instance, 'The Forge Arena,' made by Phoenix Rising Studio, is a Canadian startup looking to become a new player in eSports.
  • Restraining factors like digital privacy hinder the online gaming sector. Digital piracy is the illicit copying or dissemination of copyrighted information through the Internet. It has a negative impact on the creative sectors, including gaming. Online piracy has an economic consequence, putting consumers at risk of financial loss. It also exposes users to security threats, such as identity theft and exposing children to improper information.
  • With the outbreak of COVID-19, home entertainment played a significant role for gamers during the lockdown. During the pandemic, video gamers in the United States reported spending 45% more time playing video games amid the quarantine than in the previous week. Moreover, Esports gained further traction after the pandemic as there was an increase of 14% in the first-time download of Twitch, a live streaming platform for gamers after the epidemic.

North America Gaming Industry Segmentation

Gaming, for the purpose of this report, is defined as playing electronic games conducted through a variety of means, such as through the use of computers, mobile phones, consoles, or other mediums.

The market is witnessing rapid growth in terms of users and games being downloaded, primarily due to the pandemic.

The North American gaming market is segmented by (Console Gaming Market, PC Gaming Market, Mobile Gaming Market, and E-Sports Gaming Market), by Country.

The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Gaming Type
Digital
Physical
Online/Microtransactions
By Country
US
CANADA
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North America Gaming Market Size Summary

The North American gaming market is poised for significant expansion, driven by factors such as increased affordability, a robust economic foundation, and the integration of cutting-edge technologies. The region has experienced remarkable growth, particularly with the surge in mobile gaming and the introduction of new gaming consoles. The United States stands as a major player in the industry, boasting an extensive library of games, while Canada is witnessing a growing demand for its gaming technologies and expertise. The adoption of gaming platforms like e-sports and the emergence of startups further contribute to the market's dynamism. However, challenges such as digital piracy and privacy concerns pose potential hindrances to the sector's growth.

The market's trajectory is also influenced by advancements in mobile gaming technologies, including augmented reality, virtual reality, cloud gaming, and 5G connectivity. These innovations enhance the gaming experience and drive the popularity of mobile games. The demand for gaming hardware, particularly consoles, remains strong, supported by technological advancements and the increasing diversity of game content. The average age of gamers is rising, reflecting the integration of gaming into everyday life. Key industry players are continuously introducing new technologies and forming strategic partnerships to capture market share and enhance their offerings. The market's competitive landscape is characterized by intense rivalry, with companies striving to innovate and expand their presence across various gaming platforms.

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North America Gaming Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Ecosystem Analysis

    4. 1.4 Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Gaming Type

      1. 2.1.1 Digital

      2. 2.1.2 Physical

      3. 2.1.3 Online/Microtransactions

    2. 2.2 Analysis of the key gaming themes In PC Gaming Shooter, Sports, Adventure, Racing, Strategy, etc.

    3. 2.3 Analysis of the key vendors operating in the PC Gaming Category (based on their relative share)

    4. 2.4 By Country

      1. 2.4.1 US

      2. 2.4.2 CANADA

    5. 2.5 Market Outlook

North America Gaming Market Size FAQs

The North America Gaming Market size is expected to reach USD 68.57 billion in 2024 and grow at a CAGR of 8.65% to reach USD 103.83 billion by 2029.

In 2024, the North America Gaming Market size is expected to reach USD 68.57 billion.

Gaming Market in North America Report Snapshots

North America Gaming Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)