Home > Media & Technology > Media and Entertainment > Online Gaming Market
Tencent and Sony Interactive Ent. hold a significant share of over 20% in the online gaming industry. Tencent Holdings Limited is a Chinese conglomerate and one of the world's largest video game companies. Renowned for its supremacy in the Chinese gaming industry, Tencent is the owner of Riot Games, the company behind "League of Legends," and it holds sizeable shares in Epic Games, the company behind "Fortnite," and Supercell, the company behind "Clash of Clans."
With a large user base and a strong portfolio, Tencent's gaming division leads the way in both online multiplayer games and mobile gaming. It uses these advantages to spur innovations and increase its footprint in the gaming market worldwide.
Sony Interactive Entertainment (SIE) is a subsidiary of Sony Corporation and the division responsible for PlayStation consoles and related gaming services. Famous video game brands including "Gran Turismo," "Uncharted," and "God of War" are produced by SIE. The company leads the console gaming market with PlayStation systems that are renowned for their cutting-edge technology, unique games, and extensive online gaming capabilities via PlayStation Network. SIE is still a major player in the global gaming sector owing to its innovations in cloud-based gaming services and Virtual Reality (VR) gaming.
Major players operating in the online gaming industry are: