Dentsu, in partnership with GWI, the global consumer research company, today announced the release of its 2024: State of Gaming Report, providing an in-depth analysis of the gaming industry’s current landscape, future opportunities and the inescapable reality that brands no longer treat gaming as a side quest in their media strategies, but rather as a golden opportunity to expand and dive deeper with key audiences. This comprehensive report featuring analysis from dentsu, experts and brands, highlights the significant growth and cultural impact of gaming, positioning it as a crucial space for brands to engage with their audiences.
The report underscores that the gaming industry has surpassed the combined value of the music and movies industries in scale, with a market value of nearly $184 billion and a global gamer population of 3.38 billion, and yet accounts for less than 5% of advertising spend. It emphasises the importance of authentic engagement with gaming communities, noting that brands can achieve higher viewability and attention through gaming environments compared to traditional media, and highlighting how the maturing demographic of gamers, with higher disposable income, creates unique brand opportunities.
Brent Koning, EVP global gaming lead at dentsu, commented, "There are too many opportunities for brands to ignore in gaming today. Integrated gaming marketing plans have touchpoints in playing, watching, and creating in and around games. Brands can be active participants and build credibility with these communities by supporting the games that players subscribe to. A thoughtful gaming strategy will then be rewarded by consumers, with brand love, when the value exchange is created for the player.”
The report also highlights the diverse demographics of gamers, debunking outdated stereotypes and showcasing that gaming spans all age groups and lifestyles. With insights from dentsu’s proprietary data and identity platform, Merkury, and up to the minute research from GWI, the report reveals that gaming is a key passion area for various consumer segments, including luxury buyers, QSR (Quick Service Restaurant) customers, and next-gen holiday-makers, to name a few.
Magali Huot, VP global gaming strategy at dentsu, added, "Even though gaming is growing up and reaching all ages, the label of being a ‘gamer’ still carries some outdated stereotypes. When considering how your brand can tap into the gaming world, it’s important to forget the labels and really understand your audience—how they play, what drives them, and what they enjoy – that’s where the real opportunity lies.”
Contributors to the report also include:
Visit here for more information and to download the full report.