Paid Competitive Gaming: New Gaming Segment Poised for Explosive Growth, Growing 6X Faster Than the Overall Gaming Market
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Tuesday, April 18, 2023
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The gaming industry is witnessing the rise of an exciting new segment: Paid Competitive Gaming or PCG.
Key Points:
- 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.
- In addition, 5G technology's faster speeds will enhance gameplay and support cloud gaming.