With every passing day, technology continues to improve, we get newer and better gadgets every day. The gaming world has been getting a lot of attention lately, and resultantly playing video games has become increasingly popular. Moreover, it’s no surprise that the gaming sector has seen an enormous increase in terms of revenue. After published studies stating its benefits and e-sports gaming momentum in the last few years, almost everyone is interested in knowing about the industry.
Playing video games can now lead to a successful career. It seems that the company has realized the demand among gamers and has come down to the competition. It seems like every company is making great games one after another. Therefore, the players remain engaged and excited. Nevertheless, remember one important thing, having a stable internet connection like CenturyLink is key to playing these games without any lag. Check out CenturyLink Internet deals and get the one that suits your gaming needs.
It has been proven that games can help you maintain your mental health, enhance your memory capacity, and increase the speed of making decisions. The gaming industry’s entirety is worth more than $150 billion in dollars. According to last year’s revenue, here are the world’s 8 biggest video game companies in 2022. Keep reading to learn more.
Sony remains the most valuable and top video game manufacturer worldwide. The Japanese tech giant is now generating most of its gaming profits, which amounted to $24.9 billion, with the help of PlayStation 5, which came out in 2020 and quickly became the most sought-after next-generation video gaming console.
Yet, Sony also produces many original video games for its console. Sony’s handheld console for video games, well-known as the PlayStation Vita, added to Sony’s no.1 position in the video game market.
NineHertz is an industry leader in game development, providing clients with innovative games across the globe. The reputable video game development studio has licensed game designers and developers proficiently creating top-quality gaming solutions. They have expertise in Mobile Game Development, Unreal Engine Development, Unity Engine Development, and others.
Tencent is a Chinese multinational company in the field of entertainment and technology. Companies’ main digital product is social media. Yet, Video games are also a part of Tencent’s business, with staggering gaming revenue of $13.9 billion. It is primarily focused on mobile and online games, including its flagship mobile games PUGB: Mobile and Honor of Kings.
Tencent’s top game PUBG has become the company’s most popular game in 2022 too. PUBG sales play an integral role in the company’s highest earnings.
4. Activision Blizzard
The gaming company was founded in 2008 through a merger between two top American video game companies, Blizzard Entertainment and Activision.
The studio for video games based in California always depends on the most popular game franchise, Call of Duty. The game that the company played most between 2021 and 22 was Call of Duty: Vanguard. Activision Blizzard generated $8.8 billion in revenue last year.
Nintendo is an incredibly well-known Japanese multinational video games company. Last year, Nintendo’s record-breaking revenue growth is because of the continued sales growth for Nintendo Switch consoles.
One of Nintendo’s top-selling games is Pokemon Legends: Arceus. In addition to the console switch, the game also helped raise the revenue to $15.3 billion last year. Other than that, games that the company offers to include Cuphead, Minecraft, Super Mario, and many more.
Ubisoft is a gaming company with expertise in the production of games for various game franchises. Based on sales and market size, Ubisoft is the fourth-largest firm in both the US and Europe. It owns 40 studios for gaming development.
Ubisoft has demonstrated its series of successes and wins on the market through its unique and engaging gameplay. Soon, it is likely to be among the most prominent gaming companies to take on the pulse of innovation.
We all know about Microsoft because they represent windows and software. However, besides software, Microsoft has earned a reputation in many other fields. Microsoft is a software firm that is a distinct player in the world of gaming.
Microsoft has earned approximately $16.3 billion from Xbox Game Studios, the company’s gaming segment. Gaming revenue mostly resulted from Microsoft’s latest Xbox Series X/S sales. However, Microsoft also creates video games on its own or collaborates with developing studios. One good example is Mojang, the Swedish video gaming company that is part of Microsoft and is famous for creating Minecraft.
Zynga was established on the 7th of July 2007 with the intention that playing would be one of the most important activities on the Internet. They pioneered the concept of social games in the belief that when we made games easy, accessible, and social, then everyone would be playing. They have created a variety of games like Online Poker, Farmville, CityVille, FrontierVille, CastleVille, YoVille and Cafe World, and many more.
Video games have proven to be beneficial; they can assist children with autism become more involved. In addition, the graph of sales has increased by record margins. The above-mentioned list of gaming giants has got some of the most trending companies worldwide.