A highly lucrative area of entertainment, the global video game industry continues to boom. For example, in 2022, it was worth a staggering $365.6 billion. Additionally, there are at least 214.4 million monthly gamers reading reviews and sampling the leading titles in the United States of America alone. It’s big business and full of major players.
The sheer amount of enticing gaming opportunities people can make the most of is also mightily impressive. For instance, players can enjoy an immersive augmented reality masterpiece like Pokémon Go one minute before jumping over to a console machine for a session of Call of Duty, and then winding down their gaming marathon at an online casino, with these favored online gaming destinations serving up top titles like Fortune Coin and Cats. The options have never been so impressive, thanks to an elevated gaming package that is pulling in an increasing amount of people on a daily basis.
Publishers have more than played their part here. In fact, many of these biggest video game companies have been household names after bringing forward a strong catalog of releases for gaming audiences to get stuck into. The likes of Nintendo is behind Mario-licensed games that gamers adore, while Ubisoft’s name is synonymous with the action-adventure genre thanks to smash-hit releases like Assassin’s Creed.
These biggest video game companies aren’t the only prominent names in the space, though. So, with that in mind, below is a brief look at some of the biggest companies in the gaming sphere right now, all of which continue to play a key role in gaming’s enticing package in 2024.
Let’s take a look at the biggest video game companies:
1. Tencent Holdings Limited
Chinese company Tencent Holdings Limited has risen up the rankings in recent times following a number of notable success stories. Honor of Kings is clearly one of the company’s most fruitful releases, with this particular behemoth in the gaming world making giant strides in the mobile category of gaming. With last year’s annual revenues coming in at $13.9 billion, it’s a company that is clearly on track for further triumphs, particularly if the Shenzhen-based company continues to invest in familiar names like Riot Games and spread its impact further.
2. Sony Interactive Entertainment
The makers of the world’s favourite console brand in PlayStation, Sony Interactive Entertainment is the gaming industry’s biggest name. Thanks to the faultless consoles they produce and some enticing gaming titles, such as God of War: Ragnarok, Sony Interactive Entertainment (SIE) has greatly impacted the gaming category and continues to do so. In 2022, the company recorded an annual gaming revenue of $28.2 billion, as this Tokyo-based giant continues to dominate the market year after year.
3. Activision Blizzard
For passionate gamers, Activision Blizzard is a company that has delivered on numerous occasions. Now gobbled up by Microsoft in a huge acquisition, Activision’s conveyor belt of classic releases has resulted in one of the best reputations in gaming, with a number of smash-hit games contributing to the company’s revenues of $7.53 billion in 2022 alone. After being founded in 2008 following a merger between Activision and Vivendi Games, this household favorite is only going to get bigger and better under Microsoft’s wing.
4. Take-Two Interactive Software
Working out of New York, Take-Two Interactive Software isn’t as big as a gaming behemoth like Sony Interactive Entertainment, but it’s a company with ambitious plans for the future. Top releases include the likes of NBA 2K23, although the American company also owns other publishing labels that have developed some seriously iconic games, such as Grand Theft Auto, and Red Dead Redemption. Overall, Take-Two Interactive Software is a company to keep tabs on.
Special mention of title biggest video game companies must also go to Microsoft, Electronic Arts, Epic Games, and Bandai America.
