Latin America Video Game Development Market Size, Share, Trends and Forecast by Platform, Genre, Deployment, Revenue Model, Game Type, End User, and Country, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A33828

Latin America Video Game Development Market Overview:

The Latin America video game development market size reached USD 107.36 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 425.14 Million by 2033, exhibiting a growth rate (CAGR) of 15.25% during 2025-2033. The market is driven by increasing smartphone and internet penetration, growing investment by international companies, growing e-sports and mobile gaming industries, pro-government policies, and an improving talent pool. Local studios are also becoming known for culturally diverse content, driving regional and global demand and fueling the Latin America video game development market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 107.36 Million
Market Forecast in 2033	USD 425.14 Million
Market Growth Rate 2025-2033	15.25%

Latin America Video Game Development Market Trends:

Boosting Regional Creativity and Cultural Identity

A prominent movement within Latin America’s video game development landscape is the increasing emphasis on games that reflect local stories, traditions, and cultural values. Developers from nations like Mexico, Brazil, and Argentina are crafting games that resonate with native players while capturing the attention of a global audience. This cultural shift is fueled by a broader push for inclusive storytelling and the rising capabilities of Latin American studios to produce polished, engaging titles. In parallel, global collaborations and strategic investments are accelerating the region’s growth as a center for authentic, narrative-rich gaming experiences. A notable example is Google’s launch of a USD 2 Million Indie Games Fund in August 2024, aimed at supporting independent developers and small studios throughout the region. This initiative combines financial support with mentorship to promote innovation and amplify the voices of local creators.

Surge in Capital and Studio Expansion

The Latin America video game development market growth is propelled by a significant upswing in funding and studio proliferation. Fueled by rising consumer interest and recognition of the region’s creative potential, global stakeholders are increasingly partnering with or acquiring Latin American studios. This capital influx is spurring the creation of new development hubs, particularly in Brazil, Argentina, and Mexico. Industry figures indicate Brazil is leading the region, with 13,225 developers and 1,042 active studios. Mexico and Argentina are not far behind, boasting more than 4,000 and 4,500 developers respectively. Government-backed incentives, such as grants, training programs, and tax breaks, are further catalyzing this expansion, enabling local developers to scale operations, invest in cutting-edge tools, and attract top-tier talent. As a result, Latin America is cementing its role as a key player in the international game development arena.

Rising Influence of Mobile Gaming and E-sports

The rapid adoption of mobile technology and the surge in e-sports viewership are transforming the video game development ecosystem in Latin America. With widespread smartphone access and improved digital infrastructure, developers are focusing on mobile-first game design tailored to regional preferences. According to industry data, In 2024, Latin America’s mobile services sector expanded notably, with smartphone shipments rising 15% to 137 million units. Mobile internet penetration peaked at 112% in South America, driven by multi-SIM users, while Central America and Mexico reached 103%, and the Caribbean averaged a penetration rate of 84%. This digital shift has dramatically expanded the potential audience for mobile games, encouraging developers to produce titles that are accessible, engaging, and optimized for smaller screens. Simultaneously, the region's thriving e-sports scene is driving demand for competitive, multiplayer-focused games. These combined trends are pushing developers to innovate in game mechanics, monetization models, and user engagement strategies, establishing Latin America as a fast-evolving market in mobile and competitive gaming.

Latin America Video Game Development Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on platform, genre, deployment, revenue model, game type, and end user.

Platform Insights:

Console
Mobile
PC
Cloud Gaming

A detailed breakup and analysis of the market based on the platform have provided have also been provided in the report. This includes console, mobile, PC, and cloud gaming.

Genre Insights:

Action
Adventure
Shooter
Role-Playing
Simulation
Strategy
Sports
Casual
Others

A detailed breakup and analysis of the market based on the genre have provided have also been provided in the report. This includes action, adventure, shooter, role-playing, simulation, strategy, sports, casual, and others.

Deployment Insights:

On-Premises
Cloud-Based

A detailed breakup and analysis of the market based on the deployment have provided have also been provided in the report. This includes on-premises and cloud-based.

Revenue Model Insights:

Pay-to-Play
Free-to-Play
Subscriptions
In-App Purchases

A detailed breakup and analysis of the market based on the revenue model have provided have also been provided in the report. This includes pay-to-play, free-to-play, subscriptions, and in-app purchases.

Game Type Insights:

Single-Player
Multi-Player
Massively Multiplayer Online (MMO)

A detailed breakup and analysis of the market based on the game type have provided have also been provided in the report. This includes single-player, multi-player, and massively multiplayer online (MMO).

End User Insights:

Individual
Institutional

A detailed breakup and analysis of the market based on the end user have provided have also been provided in the report. This includes individual and institutional.

Country Insights:

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Latin America Video Game Development Market News:

In March 2025, Xsolla launched the Journey of Indies (JOIN) Program in Latin America to support indie and mid-tier game developers. The initiative, based in Brasília, offers commercialization tools, education, mentorship, and funding. In collaboration with local partners and supported by SECTI-DF, JOIN aims to expand the region’s creative potential. Key events include an accelerator launch, video game hub opening, and Gamescom LATAM panel. Developers will gain access to training, publishing support, and global industry connections through Xsolla’s ecosystem.
In February 2025, gamescom latam 2025 featured a major partnership with The Pokémon Company, marking the franchise's first appearance at the event. Held in São Paulo, attendees experienced exclusive Pokémon GO AR missions, themed activities, and collectible credentials. A dedicated booth provided gameplay tutorials, merchandise, and in-game content. This collaboration enhanced fan engagement across Latin America. The expanded event also hosted major industry players like Valve and Warner Bros., reflecting gamescom latam's rising global significance in the gaming industry.
In August 2024, leading game development agency Amber acquired Colombia-based studio Madbricks, aiming to expand its presence in the Latin American market and boost collaborative game co-development initiatives.
In June 2024, OV Entertainment Group made its first two strategic acquisitions by acquiring Kokku, a Brazil-based game developer, and 3OGS, a technology and tools specialist from Argentina. The move aims to unite Latin American gaming companies, fostering growth and granting access to resources and opportunities previously out of reach.

Latin America Video Game Development Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Platform Genre Deployment Revenue Model Game Type End User Country
Platforms Covered	Console, Mobile, PC, Cloud Gaming
Genres Covered	Action, Adventure, Shooter, Role-Playing, Simulation, Strategy, Sports, Casual, Others
Deployments Covered	On-Premises, Cloud-Based
Revenue Models Covered	Pay-to-Play, Free-to-Play, Subscriptions, In-App Purchases
Game Types Covered	Single-Player, Multi-Player, Massively Multiplayer Online (MMO)
End Users Covered	Individual, Institutional
Countries Covered	Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Latin America video game development market performed so far and how will it perform in the coming years?
What is the breakup of the Latin America video game development market on the basis platform?
What is the breakup of the Latin America video game development market on the basis genre?
What is the breakup of the Latin America video game development market on the basis deployment?
What is the breakup of the Latin America video game development market on the basis of revenue model?
What is the breakup of the Latin America video game development market on the basis of game type?
What is the breakup of the Latin America video game development market on the basis of end user?
What is the breakup of the Latin America video game development market on the basis of region?
What are the various stages in the value chain of the Latin America video game development market?
What are the key driving factors and challenges in the Latin America video game development?
What is the structure of the Latin America video game development market and who are the key players?
What is the degree of competition in the Latin America video game development market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Latin America video game development market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Latin America video game development market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Latin America video game development industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Latin America Video Game Development Market