Updated Mar 17, 2026 by Konvoy
The global gaming market reached $184.4 billion in 2022, a 2.3% year-over-year increase, with projections estimating growth to $283 billion by 2027.
Mobile gaming remains the primary revenue driver, accounting for 64% of total industry spend, or $116 billion in 2021.
Venture capital funding for the gaming sector contracted significantly in 2022, falling from $8.8 billion to $5.3 billion, with web3 gaming experiencing a global downturn and an 83% funding collapse in Latin America.
Regulatory changes to data privacy, specifically Apple’s IDFA and Google’s AAID, have increased user-acquisition costs and shifted developer focus toward content depth over advertising efficiency.
Despite a robust M&A environment supported by $47.7 billion in cash held by gaming firms and $157 billion by major tech companies, gaming-focused ETFs like ESPO and GAMR declined by 35% and 37% respectively in 2022.
The industry is expected to maintain a steady long-term growth trajectory with a projected annual growth rate of approximately 9% through 2027.
The global gaming market reached $184.4 billion in 2022, a 2.3% year-over-year increase, with projections estimating growth to $283 billion by 2027.
Mobile gaming remains the primary revenue driver, accounting for 64% of total industry spend, or $116 billion in 2021.
Venture capital funding for the gaming sector contracted significantly in 2022, falling from $8.8 billion to $5.3 billion, with web3 gaming experiencing a global downturn and an 83% funding collapse in Latin America.
Regulatory changes to data privacy, specifically Apple’s IDFA and Google’s AAID, have increased user-acquisition costs and shifted developer focus toward content depth over advertising efficiency.
Despite a robust M&A environment supported by $47.7 billion in cash held by gaming firms and $157 billion by major tech companies, gaming-focused ETFs like ESPO and GAMR declined by 35% and 37% respectively in 2022.
The industry is expected to maintain a steady long-term growth trajectory with a projected annual growth rate of approximately 9% through 2027.