Mexico Gaming Market Outlook (2018 to 2032)
Synopsis
The above chart is Mexico Gaming Market Outlook (2018 to 2032)
Market Dynamics
Mexico is one of the fastest growing markets in latin america for video game and esports. with a population of more than 130 million people, this has sparked the attention of game developers, publishers, retailers and other industry stakeholders. the gaming market in mexico is expected to grow at a cagr of 5.1% from 2018-2032 and revenue is estimated to reach us$2.47 billion in 2032.the competitive gaming industry in mexico has already started to take shape, with more tournaments and esports leagues popping up. mexico is the fastest growing esports nation in the world due to the rising interest of esports leagues. there is a growing number of major esports tournaments being held in mexico, such as the intel latin america grand finals, where professional teams compete for a share of more than us$85,000 in prizes.mexico is also home to some key players in the gaming industry, such as the developers of blockbuster titles like red dead redemption 2 and far cry 5. other global gaming companies, such as riot games, have also set up offices in mexico in order to capitalize on the growth in the market.in terms of online gaming, the mexican gaming market is dominated by free-to-play games such as candy crush and others which generate revenue from in-app purchases. these games have become extremely popular amongst gamers of all ages.mexico is also a good market for gaming related services such as streaming, digital distribution, cloud gaming, video game rentals, and the sale of virtual goods. companies such as microsoft, steam, blizzard, and gog have all made significant investments in mexico and are now offering their services in the country.in conclusion, the gaming market in mexico is an attractive opportunity for developers, publishers, distributors, retailers, and other industry stakeholders. with its large and rapidly growing population and increasing interest in esports leagues, mexico is likely to experience continued growth in the years to come.