UK Out In Front For EU Gaming Growth

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The European gaming market itself is projected to grow at a CAGR of 6.8 percent through 2031

In 2024, Europe was responsible for 30 percent of global gaming revenue, with a market size of $75.38 billion (€64.148 billion). According to Cognitive Market Research, the U.K. leads the pack for estimated compound annual growth rate (CAGR) through 2031. With $12.6 billion (£9.26 billion) in gross gaming revenue, the market is projected to grow at a CAGR of 8.9 percent during the forecast period. The rest of the field ranks as follows: 

• France’s gaming market is projected to grow at a CAGR of 7.3 percent during the period, starting from a market size of $6.9 billion in 2024. 

• Germany, valued at $14.9 billion in 2024, is projected to grow at a CAGR of 8.3 percent during the period.  

• Italy is projected to grow at a CAGR of 7.5 percent, from a market size of $6.482 billion in 2024. 

• Russia is projected to grow at a CAGR of 7.1 percent, from a market size of $11.68 billion in 2024. 

• Spain is projected to grow at a CAGR of 7.2 percent, from a market size of $6.181 billion in 2024. 

• Portugal is projected to grow at a CAGR of 7.9 percent, from a market size of $1.582 billion in 2024. 

• Greece is projected to grow at a CAGR of 8.4 percent, from a market size of $904.5 million in 2024. 

The balance of the European gaming market, which reached $11.683 billion in 2024, is projected to grow at a CAGR of 6.8 percent through 2031. 

The research attributes European market growth to “diverse gaming cultures, platforms and genres. With a strong presence of AAA titles and indie games and a burgeoning esports scene, Europe is a significant hub for gaming innovation, consumption and community engagement… The region’s gaming market is also driven by the emergence of technologically advanced and more powerful smartphones.”