The business world is learning to accommodate the understanding that the gaming industry will never stop attracting quite a lot of people, both young and old; and by so doing, it is not expected to fail in counting in the numbers both in millions and billions of Dollars. Popularly among the youth who take so much interest in passing time and relieving themselves of the burdens of everyday hustle and bustle, there have come to being various big companies as far as the production and innovation of video games is concerned. Among them are these top video game companies in the world which we will be highlighting here for your read.
The video game industry has since years before been marking the same breath-taking sales record. Over 130 billion U.S. dollars have been the value of some of these popular video game companies.
Top Video Game Companies in the World
The similarity of these top video game companies in the world is that they have been some of the best and have remained so for a long period of time, that is, year to year. You can never miss out on any of them whenever there is the need to list out the best and richest ones:
In 2022, Microsoft announced its plan to acquire Activision Blizzard for $68.7 billion, which would mark the most expensive acquisition ever within the gaming industry. The world’s largest software company is also the world’s second-largest video game company. Microsoft made around $16.3 billion with Xbox Game Studios, the company’s gaming branch. The gaming revenue was primarily generated by Microsoft’s new next-gen Xbox Series X/S sales of course, but Microsoft additionally develops video games itself or owns studios that do. A good example of this is Mojang. The Swedish video game studio, which is owned by Microsoft, is known for creating Minecraft, which has recently become the most popular video game in history.
Tencent owns Riot Games, the American video game studio that created League of Legends, a popular multiplayer battle arena game enjoyed by millions of players all around the world, even professionally. Chinese internet conglomerate Tencent is also involved in the video game business with an impressive gaming revenue of $13.9 billion. Tencent primarily focuses on online and mobile smartphone games, such as the company’s mobile flagship games PUGB: Mobile or Honor of Kings.
Despite remaining in third place in this ranking of the Top 10 biggest video game companies in 2022, last year was still a very successful year for Japanese video game company Nintendo, helping the company to remain the world’s biggest purely video game developer. Nintendo’s revenue success, $15.3 billion last year, is largely driven not only by continued sales of the Nintendo Switch console but also by Pokemon Legends: Arceus, which proved to be the best-selling video game for Nintendo in the past year.
Sony remains one of the top video game companies in the world in 2022. The Japanese tech giant now makes most of its gaming revenue, which totaled $24.9 billion last year, with the PlayStation 5 which came out in 2020 and became the world’s most popular next-gen video game console. However, Sony also produces many original video games for its console. The company’s handheld video game console, the PlayStation Vita, contributed to Sony’s no.1 position on the video game market as well.
5. Epic Games
This company is another one of the top video game companies in the world that you can always rely on as rich and big. Its gaming revenue annually is $5.1 billion. It was founded in 1991. Its most profitable game which was sold in 2021 was Fortnite: Save the World. Epic Games is considered one of the biggest game industry that is based in: Cary, North Carolina, USA.
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