The video gaming industry witnessed a reversal in fortunes in 2024 as investments grew for the first time in three years. As per the data presented by CasinoApps.com, the total value of investments in the gaming industry grew by 68% on a year-on-year basis in 2024.
Capital worth $7,678 million invested in the gaming industry in 2024
The gaming industry witnessed a rebound from a post-COVID slump in 2024. Following a couple of years of significant decline, the value of investments finally saw an uptick and a major one at that. As per the DDM data available on Statista, companies in the gaming sector raised capital worth $7,678 million in 2024. This amount represents an 88% increase from the $4,573.3 million invested in 2023.
The amount of investments in the gaming industry ballooned during COVID-19 and peaked at a massive $41,395 million. In the following two years, as the world returned to normalcy, the sudden increase in investments disappeared just as swiftly. In 2023, gaming companies could raise only $4573.3 million – an amount considerably smaller than the levels during 2017-2019. However, in good news for the industry, investments were back to those levels in 2024.
One can expect the value of investments to continue growing in 2025, but it will be a long time before we see the same level of infusion of money as once witnessed in 2021.
Tech attracts the majority of investments
Companies working on the development of new gaming technology picked up major chunks of investments in 2024. Out of $7,678m, the tech segment picked up 4930.3m in investments.
In terms of game development, the biggest amount of money was invested in mobile games. Companies involved in mobile gaming development raised $1312.3m in investments. PC/Console gaming companies attracted investments worth $665.2m.
MMO, MOBA, BR, and Metaverse gaming also received a significant investment at $456m.
The remaining segments include eSports at $172.1m, AR/VR at $88.7m, and browser gaming at $53.4m.
