SAN FRANCISCO, April 19 (Bernama-BUSINESS WIRE) — The gaming industry is witnessing the rise of an exciting new segment: Paid Competitive Gaming or PCG. A new report titled “Global Paid Competitive Gaming Report 2023” revealed that the PCG market is expected to reach $16 billion by 2024. With a CAGR of 31.9% from 2021 to 2024, it is growing 6X faster than the overall global mobile games market, which is forecast to reach $223 billion by 2024 at a 4.9% CAGR.
The report, a collaborative effort between Newzoo, the global leader in video game and gamer data, and MPL, chronicles the rise of the promising gaming segment and trends in this space. It is based on a consulting analysis by Newzoo and a customized research conducted by the company in 2022 on 24,562 respondents across 12 of the largest gaming markets.