The video games market is vast, encompassing a wide range from consoles to PCs, mobile games, handheld devices, and more. Meanwhile, recent developments like microtransactions and subscription-based services have opened new ways for companies to boost revenue.

According to Statista, the industry is valued at about $250 billion, and is expected to expand at a compound annual growth rate of about 9% through 2028. As a result, it's not a bad idea to make a long-term investment in the market and profit from its consistent development.

After all, there's a reason many of the world's most valuable companies, including Microsoft (NASDAQ: MSFT), Nvidia, and Apple, ventured into the lucrative arena. No matter the economic climate, there is almost always demand for new gaming content and hardware upgrades, offering companies and their investors reliable gains over the long term.

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Source Fool.com