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What are the Largest Video Game Markets in the World?

The video games industry continues to establish itself as one of the most lucrative tech markets in the world. Already worth more globally than television, film, and the music industries, video games are a massive facet of modern culture and this growth isn’t showing any signs of slowing.

Whilst the video game industry undeniably boasts a vast global market value, this doesn’t mean every market is the same. To identify the best opportunities across this growing industry, it’s essential to identify which nations boast the strongest and largest video game markets.

With this in mind, here are six of the largest video game markets in the world, according to NewZoo, including their estimated revenue, player base, and relative market strength.

United States

Estimated 2022 revenue: US$46.4 billion

Estimated player base: 209.8 million

Revenue per player: US$221.16

The United States, unsurprisingly, boasts one of the largest player bases in the world, with an estimated 209.8 million players. This vast audience size naturally positions the US as one of the leading international gaming markets. Not only does the US have a significant number of players, but they also stand out as some of the biggest spenders, averaging an expenditure of US$221.16 per player in 2022. This robust revenue per player figure underscores the American gaming community’s engagement and willingness to invest in their gaming experiences.

These impressive statistics solidify the USA as a major player in the global games industry and underline how game developers must consider and cater to this market to achieve substantial international success. The nation’s influential role extends beyond its market size; it also shapes gaming trends, technological advancements, and competitive gaming scenes. Investors and industry stakeholders should take heed of the US gaming landscape’s significance when strategizing for growth and expansion. As the United States continues to shape the gaming industry’s trajectory, its impact remains pivotal to the evolution of interactive entertainment worldwide.


Estimated 2022 revenue: US$44 billion

Estimated player base: 699.6 million

Revenue per player: US$62.89

China’s presence in the video game industry is nothing short of monumental, boasting a staggering 699.6 million players and a substantial estimated revenue of US$44 billion in 2022. While the revenue per player might seem comparatively modest at US$62.89, the sheer size of the player base speaks volumes about the nation’s influence in the global gaming market. China’s gaming landscape has been rapidly evolving, driven by the proliferation of mobile gaming and e-sports, and supported by the growing accessibility of gaming platforms across the country.

With such a massive player base, China holds a commanding position in the worldwide gaming ecosystem. The combination of a vast audience and evolving trends in gaming consumption positions China as a trendsetter in various aspects of the industry. Game developers and businesses looking to establish a significant global presence must take into account the unique preferences and habits of the Chinese gaming community. Navigating China’s regulatory landscape and understanding the cultural nuances that shape its gaming market will be pivotal for those seeking to tap into this immense potential. As China continues to exert its influence and innovate within the gaming domain, its role in shaping the future of interactive entertainment remains a focal point in discussions about the world’s largest gaming markets.


Estimated 2022 revenue: US$19.1 billion

Estimated player base: 73.4 million

Revenue per player: US$260.22

Japan stands as a prominent figure in the global video game landscape with its impressive 2022 revenue of US$19.1 billion. Despite having a player base of 73.4 million, considerably smaller than some other nations, Japan’s revenue per player is remarkably high at US$260.22. This reveals a fascinating aspect of the Japanese gaming market where players tend to invest more per capita, possibly due to their strong engagement with various gaming platforms, including consoles, mobile devices, and arcades. The country’s unique gaming culture, characterised by a deep-rooted appreciation for innovation and storytelling in games, has played a significant role in cultivating such a dedicated player base.

Japan’s exceptional revenue per player and its status as a hub for gaming innovation position it as an essential player on the global stage. The combination of substantial market size and the willingness of Japanese players to spend more per game establishes the nation as an attractive target for game developers and businesses aiming to expand internationally. Furthermore, the influence of Japanese game design and trends echoes worldwide, shaping the industry in significant ways. As the gaming world becomes increasingly interconnected, acknowledging Japan’s distinct gaming landscape is crucial for understanding the intricate dynamics that contribute to its lasting impact on the global video game markets.

South Korea

Estimated 2022 revenue: US$7.4 billion

Estimated player base: 33.3 million

Revenue per player: US$222.22

South Korea’s gaming market may appear relatively modest in terms of player base, with an estimated 33.3 million players. However, the nation’s gaming revenue tells a different story, reaching an impressive US$7.4 billion in 2022. This significant revenue per player, standing at US$222.22, highlights the strong dedication of South Korean gamers to their preferred games. The country’s gaming culture is deeply embedded in society, with e-sports competitions filling stadiums and gamers achieving celebrity status.

Despite its smaller player base compared to some other nations, South Korea’s high revenue per player showcases the country’s passion for gaming and its willingness to invest substantially in the industry. This phenomenon is closely tied to the nation’s robust technological infrastructure and cultural appreciation for competitive gaming. As a result, South Korea stands as a powerhouse in the global gaming arena, shaping e-sports trends and technological advancements. Developers and businesses aiming to make an impact on the international gaming stage should recognise the unique dynamics of the South Korean market and consider its potential for growth and innovation. The combination of devoted players and a thriving e-sports ecosystem cements South Korea’s position as a vital player in the worldwide gaming landscape, worthy of attention and investment.


Estimated 2022 revenue: US$6.5 billion

Estimated player base: 49.5 million

Revenue per player: US$131.31

Germany, while not the largest in terms of revenue or player base, remains a noteworthy contender in the global gaming market. With an estimated player base of 49.5 million, the nation showcases a diverse and engaged gaming community. The revenue per player, standing at US$131.31, indicates a moderate spending tendency among German gamers. This figure underscores the balanced approach German players take in terms of investment in their gaming experiences.

Germany’s position in the international gaming market is marked by its solid foundation and consistent growth. The nation’s players contribute substantially to the global gaming landscape, and their preferences shape game trends and market dynamics. While the revenue per player may not be as high as in some other markets, the sheer number of players and their active participation emphasise the country’s relevance. Game developers and industry stakeholders looking to expand their reach should consider the German gaming community’s preferences, from PC gaming to mobile app usage. As Germany’s gaming market evolves, understanding its unique blend of gaming styles and preferences will undoubtedly play a key role in achieving success in this dynamic and influential market.

United Kingdom

Estimated 2022 revenue: US$5.5 billion

Estimated player base: 38.5 million

Revenue per player: US$142.86

The United Kingdom, with an estimated revenue of US$5.5 billion in 2022, showcases a thriving gaming market. Boasting a player base of 38.5 million, the UK’s gaming community is both substantial and engaged. The revenue per player, standing at US$142.86, signifies a willingness among UK gamers to invest in their gaming pursuits, highlighting a culture of dedicated participation.

Despite its relatively smaller player base compared to some other major gaming nations, the UK holds a significant position in the global gaming arena. The combination of a passionate player community, well-established gaming infrastructure, and a penchant for a wide variety of gaming genres contributes to the UK’s influence. UK game developers seeking international recognition should take into account their nation’s unique blend of gaming preferences, which range from traditional console gaming to emerging trends in mobile and e-sports. As the UK’s gaming market continues to evolve, it remains a compelling landscape for innovation and growth, offering ample opportunities for industry players to connect with a receptive and enthusiastic audience.

Revenue Per Player Ranking

As we’ve explored the largest video game markets around the world, it’s clear that these nations are not only players but pillars in shaping the industry’s destiny. From the towering revenues of the United States to the distinctive gaming culture of Japan, the colossal player base in China, the fervent engagement in South Korea, the balanced approach in Germany, and the dedicated participation in the United Kingdom, each nation brings its own unique flavour to the gaming ecosystem.

It’s evident that the significance of these markets goes beyond their economic prowess. They influence the very fabric of how we interact with technology, storytelling, and one another. Game developers, investors, and enthusiasts alike can draw inspiration from these nations, learning not only about their gaming preferences but also about the social, cultural, and technological factors that underpin their success.