Market Share of Gaming Industry
The gaming market share is highly consolidated with the biggest gaming companies like Sony, Microsoft, Nintendo, Tencent Holdings Limited, and Electronic Arts Inc., among others. The biggest companies in the console gaming landscape are Sony (PlayStation), Microsoft (Xbox), and Nintendo (Switch). These gaming companies are investing in R&D and developing technology that offers gamers high-quality graphics, high computing power, and faster speed. In terms of console units sold, in 2023, Sony's PlayStation PS5 led the market with around 20.9 million units sold, followed by Nintendo (Switch) with 17.97 million units and Xbox XS 3.14 million units (September 2023). Other gaming companies are also entering the gaming and esports industry.
For instance, in November 2023, NCSOFT, a global developer and publisher, partnered with Sony Interactive Entertainment (SIE). This collaboration spans multiple global business domains, focusing on the mobile sector. For Sony, teaming up with NCSOFT is a pivotal move, aligning with its vision to extend the PlayStation brand's influence beyond consoles, targeting a more diverse audience.
In August 2023, Bandai Namco and Oasys, a gaming-centric blockchain network, collaborated to develop an AI-driven virtual pet game. The game centers around a set of NFT-based digital creatures named RYU. Drawing inspiration from the iconic Tamagotchi, these RYU creatures evolve unique personalities and abilities in response to user interactions.
Gaming Market Leaders
Sony Corporation
Microsoft Corporation
Apple Inc.
Realnetworks LLC (Gamehouse)
Bandai Namco Holdings Inc
*Disclaimer: Major Players sorted in no particular order
