In this article well explore the 2020 revenues for mobile PC and console gaming. As you can see multiple trends are coming together to drive growth in the industry which is expanding at a double-digit rate estimated to reach 180 billion by 2021.
Games Industry May Make 170 Billion In 2018 Firm Predicts Software Investing Games
However the gaming industry has changed from single player games to online free to play games.
Video gaming industry growth. The following infographic comes to us from GAMR the worlds first video game technology ETF. The Entertainment Software Association today released its annual 2021 Essential Facts About the Video Game Industry which shows that more people play video games than ever before and that video. More people playing games is.
We also provide our outlook for the overall games market diving into our revenue estimates towards 2023. Today there are over two billion gamers worldwide and they all play across a wide variety of genres and platforms. Due to nationwide lockdown people are staying home and some.
This kind of video games has contributed in the growth of video game industry and the eSport industry as well. We forecast that 2020s global games market will generate revenues of 1593 billion a healthy year-on-year growth of 93. I think the gaming industry will continue to grow.
Since video games have shifted to personal computers and commercial home gaming consoles a lot of innovations have surfaced which has undoubtedly made video games more popular and contributed to the growth of the gaming industry. Gaming Will Be Fundamentally Changed by New Tech and New People Phil Harrison Vice President and GM Google Stadia. It details the history and evolution of the video games market the emergence of mobile and the fast-growing Asian sector.
The Global Gaming Market was valued at USD 17370 billion in 2020 and is expected to reach a value of USD 31440 billion by 2026 registering a CAGR of 964 over the forecast period 2021 2026. Sports Video Gaming Market Share and Size 2021 Global Industry Growth Manufacturers Data Recent Trends COVID-19 Impact and Recovery. Video game is one of the fastest blooming industry it is expected to reach 300 billion in revenue by 2025.
Giants of the video game industry such as Nintendo Microsoft Activision and others had significant income increases by the middle of 2020 Consumer spending plays a crucial role in gaming.
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