Two-dimensional cartoons are giving way to video games, which have lifelike graphics, ray-tracing, and physiologically precise motion dynamics. By 2021, the global population of video game players will have surpassed 3 billion. The industry is worth more than the combined value of the music and film industries. In 2021, the gaming market was worth $198.4 billion, and by 2027, it is predicted to be worth $339.95 billion. Cloud-based gaming services are becoming increasingly popular among gamers. The rise in internet users is due to the implementation of 5G technology and high-bandwidth connections. By 2022, mobile gaming will have surpassed both console and PC gaming. The gaming market is expected to be dominated by Asia Pacific, with China, Japan, and South Korea showing significant growth potential. Activision Blizzard, NVIDIA Corporation, and Microsoft Corporation are all major participants in the gaming industry.
Insider Monkey compiled the 11 best video game stocks to invest in now. Nintendo is an electronic entertainment company that develops, manufactures, and distributes products in Japan, the Americas, Europe, and other parts of the world. The Nintendo Switch is the company’s main product, with over 104 million units sold as of December 2021. The PlayStation systems from Sony Group Corporation are well-known in the gaming industry. Sony Group Corporation has a trailing 12-month PE ratio of 12.61 as of May 1, 2022, making it an appealing value stock selection for investors. After its industry-leading Unreal engine gave lifelike graphics to games like Fortnite, Unity Software Inc. surged to prominence in the gaming business. The company’s quarterly revenues increased by 43.36 percent to more than $315 million. Analysts are enthusiastic about Electronic Arts Inc. As of May 2, the stock was undervalued, with a PE ratio of 16.88. It is one of the best ten video gaming stocks to buy right now. Take-Two Interactive Software, Inc. is one of the most profitable video game companies in the world. The company made news in January when it announced the $12.7 billion acquisition of Zynga Inc. For more details, click 11 Best Video Game Stocks To Invest In Now.
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