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April 2024

 

1 - 2 Minutes

From Game Over to Game On: Unveiling the Rise of the Video Gamer Economy

Driven by major economic, technological, and social trends, the number of video game players is predicted to reach 3.8 billion in 2026, fueling a surge in the global games market revenue from an estimated $184 billion by the end of 2023 to $205 billion by 2026.

In the dynamic landscape of global commerce, an increasingly influential group has emerged: video gamers. Once perceived as niche enthusiasts, video gamers have now become a significant consumer segment reshaping economic landscapes worldwide. Leveraging anonymized VisaNet transaction data, economists at Visa Business and Economic Insights (VBEI) have unveiled a compelling report, showcasing how video gamers are not only passionate spenders but also pivotal players in the rapid growth of the digital economy.

The growing video gamer economy presents a wealth of opportunities for merchants and issuers alike. E-commerce platforms serve as real playgrounds for video gamers, who exhibit fondness for online spending that outperforms their peers. Across international markets, video gamers display a big appetite for digital transactions, with spending volumes soaring to twice that of non-gaming counterparts. The rise of the video gamer economy signifies a seismic shift in consumer dynamics, signaling an era of unparalleled opportunity and innovation. As gaming transcends from a mere pastime activity to an economic powerhouse, its transformative impact echoes across global markets, reshaping economic paradigms and fostering a new era of digital commerce.

In the report, ‘From Game Over to Game On: The Rise of the Video Gamer Economy,’ we delve into the evolving landscape of the gamer economy, shedding light on its transformative impact on global commerce.

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