Are you a gamer who loves to play video games? If so, you might be curious about the companies that create and publish your favorite games. The gaming industry is a huge and competitive market, with many players vying for a share of the pie. Check here Top 10 Gaming Companies in the World in 2023.
However, the gaming industry is one of the most dynamic and lucrative sectors in the world, with a global revenue of over $180 billion in 2021. This is more than the combined revenues of the film and music industries. Furthermore, this industry is projected to reach $256 billion by 2025, with a compound annual growth rate (CAGR) of 9.17%.
Top 10 Gaming Companies in the World in 2023
According to Marketer, approximately 3 billion people worldwide play video games, which is about 40% of the global population. This number is expected to grow as more people have access to smartphones, internet, and gaming devices. Moreover, there were around 14.1 billion mobile game downloads in the Q1 of 2021, according to TrueList.
And, the industry is constantly evolving, with new technologies, platforms, genres, and trends emerging every year. In this blog, we will rank the top gaming companies, based on their market value, revenue, and popularity. Whether you are a casual or hardcore gamer, you will find something interesting and informative in this blog. So, let’s get started!
10. Ubisoft Entertainment SA
Ubisoft Entertainment SA, a French video game company, creates and publishes games and franchises. This is the tenth-largest gaming company in the world, with a market value of $3 billion and gaming revenue of $2.8 billion in 2023.
Ubisoft has over 140 million active users worldwide, who enjoy its diverse titles such as Assassin’s Creed, Far Cry, Watch Dogs, Just Dance, and Rainbow Six Siege. Ubisoft also offers Ubisoft Connect, an online platform that connects players across its games; and Ubisoft Forward.
|Founder||Founded by the five siblings of the Guillemot family: Gérard, Yves, Christian, Michel, and Claude Guillemot.|
|Gaming Revenue||$2.8 billion|
9. Square Enix Holdings Co., Ltd.
Square Enix Holdings Co., Ltd. is a Japanese video game company that develops and publishes video games and franchises. This is the ninth-largest gaming company in the world, with a market value of $5.7 billion and gaming revenue of $3 billion in 2023.
Square Enix has over 100 million active users worldwide, who enjoy its iconic titles such as Final Fantasy, Dragon Quest, Kingdom Hearts, Tomb Raider, and Marvel’s Avengers. Square Enix provides the Square Enix Store, selling games and merchandise. They have Square Enix Collective, supporting indie developers. Also, Square Enix Music produces game music.
|Founder||It is a merger between Square Co., Ltd., and Enix Corporation|
|Gaming Revenue||$3 billion|
8. Take-Two Interactive Software Inc.
Take-Two Interactive Software Inc. is an American video game company that develops and publishes video games and franchises. It is the eighth-largest gaming company in the world, with a market value of $3.5 billion and gaming revenue of $3.2 billion in 2023.
Take-Two Interactive has over 200 million active users worldwide. Users enjoy its acclaimed titles such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Bioshock. They also own Rockstar Games, which focuses on open-world games. Additionally, they have 2K Games, a division specializing in sports, action, and strategy games. They also publish games from independent developers.
|Gaming Revenue||$3.2 billion|
7. Epic Games Inc.
Epic Games is the seventh-largest gaming company in the world, that develops and publishes video games and engines. With a market value of $5.8 billion and gaming revenue of $5.4 billion in 2023, they have over 400 million users worldwide. The users enjoy its hit title Fortnite, a free-to-play battle royale game that features cross-play, creative mode, and live events.
Epic Games also offers Unreal Engine, a powerful and versatile game engine that powers many games and applications. They also have Epic Games Store, an online store that sells digital games and content; and Epic Online Services, a suite of tools and services that enable online features for games.
|Gaming Revenue||$5.4 billion|
6. Electronic Arts Inc.
Electronic Arts Inc. is an American video game company that develops and publishes video games and franchises. It is the sixth-largest gaming company in the world, with a market value of $7 billion and gaming revenue of $6.5 billion in 2023.
Electronic Arts has over 300 million users globally, who enjoy its popular titles such as FIFA, Madden NFL, The Sims, Battlefield, and Apex Legends. They provide EA Play: a subscription with game access. And, EA Sports, a division that focuses on sports games; and EA Originals, a program that supports independent developers.
|Gaming Revenue||$6.5 billion|
5. Activision Blizzard Inc.
Activision Blizzard Inc. is an American video game company that develops and publishes video games and franchises. It is the fifth-largest gaming company in the world, with a market value of $7.4 billion and gaming revenue of $6.8 billion in 2023.
With 400+ million active users worldwide, Activision Blizzard offers hits like Call of Duty, World of Warcraft, Overwatch, Diablo, and Candy Crush. It also offers Blizzard Battle.net, an online platform that connects players across its games; Call of Duty League, a professional esports league; and King.com, a casual gaming website.
|Founder||The merger of Activision, Inc. and Vivendi Games|
|Gaming Revenue||$6.8 billion|
4. Nintendo Co., Ltd.
Nintendo Co., Ltd. is a Japanese multinational video game company that develops and publishes video games and consoles. Moreover, Nintendo is the fourth-largest gaming company in the world, with a market value of $13.8 billion and gaming revenue of $12.9 billion in 2023. With 89+ million users globally, Nintendo Switch offers exclusives like Mario, Zelda, Pokemon, Animal Crossing, and Smash Bros.
Nintendo also offers Nintendo Switch Online, a subscription service that provides online multiplayer, cloud storage, and access to classic NES and SNES games. Additionally, there’s Nintendo eShop, an online store that sells digital games and content. They also have Nintendo Labo, a series of DIY kits that use cardboard and sensors to create interactive toys.
|Gaming Revenue||$12.9 billion|
3. Tencent Holdings Limited
Tencent Holdings Limited is a Chinese multinational conglomerate that owns several businesses, including Tencent Games. It is responsible for developing and publishing online games. It is the third-largest gaming company in the world, with a market value of $13.9 billion and gaming revenue of $13.5 billion in 2023.
Tencent Games has over 1.2 billion active users worldwide, who enjoy its popular titles such as Honor of Kings, PUBG Mobile, Call of Duty Mobile, League of Legends, and Fortnite. They also own stakes in several other gaming companies, such as Riot Games, Epic Games, Activision Blizzard, Ubisoft, and Supercell.
|Founder||Tencent Holdings Limited|
|Gaming Revenue||$13.5 billion|
2. Microsoft Corporation
Microsoft Corporation, a U.S. tech giant, encompasses various businesses, notably Xbox Game Studios, responsible for the Xbox brand. Xbox Game Studios is the second-largest gaming company in the world, with a market value of $16.2 billion and gaming revenue of $15.8 billion in 2023. It has over 90 million users worldwide, who enjoy its exclusive titles such as Halo, Gears of War, Forza, and Minecraft.
Xbox Game Studios also offers Xbox Live Gold, a subscription service that provides online multiplayer, cloud storage, and free monthly games; Xbox Game Pass offers a subscription granting limitless access to 100+ games on console, PC, and mobile. Also, it has a cloud gaming service that allows streaming games on various devices.
|Gaming Revenue||$15.8 billion|
1. Sony Group Corporation
Sony Group Corporation is a Japanese multinational conglomerate that owns several businesses, including Sony Interactive Entertainment (SIE), which is responsible for the PlayStation brand. SIE is the leading gaming company in the world, with a market value of $28.2 billion and gaming revenue of $24.4 billion in 2023.
It has a loyal fan base of over 114 million PlayStation users worldwide. They enjoy its exclusive titles such as God of War, Horizon Zero Dawn, Spider-Man, and The Last of Us. SIE provides subscription services with online multiplayer, monthly games, and cloud storage. They also offer PlayStation Now: cloud gaming with a vast game library. Additionally, there’s PlayStation VR for immersive virtual reality experiences.
|Founder||Ken Kutaragi and Norio Ohga|
|Gaming Revenue||$24.4 billion|