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4 Stocks to Watch as the Gaming Space Continues to Boom

1 13 5
24.09.2021

The gaming space has stood strong through the pandemic, experiencing exponential growth as lockdowns and social-distancing measures limited people’s entertainment options. The global gaming market reached $162.32 billion last year. Major trends like the boom in women gamers, competitive gaming, cloud gaming, a shift in game payment/subscription models and cutting-edge technology (augmented reality & virtual reality) are altering the gaming landscape completely.

Even over the past few months as lockdowns eased and people somewhat returned to normal life, the gaming space maintained its solid momentum.

Per the NPD Group’s report, consumers in the United States spent $14 billion in the second quarter of 2021, with an increase in sales across PC, cloud and non-console VR content, mobile games and subscription. Gaming content purchases and subscriptions reached $12.57 billion in the quarter.

Though sales of gaming consoles, hardware, accessories have slowed down as compared to the peak of the pandemic, the holiday season holds tremendous potential. Several companies have already lined up tiles and series that will be available on newer versions of Xbox, PlayStation and Switches. For October, the Battlefield 2042, Back 4 Blood, Far Cry 6 and Marvel's Guardians of the Galaxy game releases caught the attention of gamers. Some gamers have already signed up/pre-purchased the Jurassic World Evolution 2, scheduled for release in November on PC, PS5, Xbox Series X|S, PS4, and Xbox One.

Additionally, the NPD Group reported that in August, gamers in the United States spent $4.37 billion, highlighting 7% year-over-year growth on demand for new hardware........

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