Paid Competitive Gaming: What makes this gaming segment fastest growing

A new segment in the gaming industry known as Paid Competitive Gaming (PCG) is emerging, according to a recent report called the “Global Paid Competitive Gaming Report 2023.”

The report, released at the Game Developer Conference in San Francisco, predicts that the PCG market will reach $16 billion by 2024 with a Compound Annual Growth Rate (CAGR) of 31.9% from 2021 to 2024. This growth rate is six times faster than the overall global mobile games market, which is expected to reach $223 billion by 2024 at a CAGR of 4.9%.