The micro-transaction market is set to skyrocket in the next ten years because more people turn to gaming as part of them coping with the coronavirus, according to new research.
The global online micro-transaction market is expected to grow from $33.05bn in 2019 to $37.61bn by 2030, according to ResearchAndMarkets.com. The market is expected to stabilise at a compound annual growth rate of 6.1% and reach $41.92bn by 2023. North America was the largest region in the online micro-transaction market in 2019.
The research also identified some of the largest players in the micro-transaction market as SmileGate, Riot Games, Nexon, Wargaming.net, NCSoft, Activision Blizzard, Electronic Arts, Valve Corporation, Tencent Holdings and NetEase.
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