# Video gaming market

Out of the 8 billion worldwide population, **3.1 billion people play video games**. That is about **40% of the world population**. **A billion more than just five years ago**.

#### **Number of active video gamers worldwide from 2015 to 2023 (in billions)**

![Source: © Statista 2021](https://lh4.googleusercontent.com/Wv4PN2X6eOe-S7i3qncHqf7mDoun20Vw8xAQVExBSndzWkYseJGf2n6PIZxyeMeFL10_tJaCJ2LE0xWqCSVkMcq0l_hQQQPSLjeuYzLjKpO3Be4oyeA4icJ5ZFup2jY67-UfmMNR)

**Asia has the highest level of gamers at 1.42 billion** paying game consumers. **Europe** is second with **668 million** paying game consumers, then **Latin America** with **383 million** consumers, and then finally **North America** with **261 million**.

![ Source: © Global Games Report 2021](/files/-MZEdWlglWtuVEiyXlK-)

The **number of active gamers has risen rapidly** over the past decade or so, with the introduction of esports, game streaming via Twitch, mobile gaming to name a few. **Gaming** continues to grow each year and **has even overtaken the music and film industry**, **making more money than both combined**. 

The **global gaming market** reached a **value of $ 180 Billion** in 2020. The gaming market is **poised to grow by $119.07 billion** during 2020-2024, progressing at a **CAGR of 12%** during the forecast period.

![ Source: ©  Technavio Research, Business Wire 2020](/files/-MZOYyqvfQIxZk0_PHew)

## Blockchain impact

The integration of blockchain technology in traditional video games has **enabled players to trade in-game virtual assets** through contracts or other competing players. Also, blockchain platforms use **powerful data encryption technologie**s such as private keys and public keys to ensure **secure crypto token transactions**. 

Such benefits are encouraging game development companies to integrate blockchain technology into their products. 


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