Gaming boomed in lockdown and market value will reach $320bn …
WEBJul 28, 2022 · The video game sector is booming – and it’s tipped to keep on growing. The expansion is expected to make the global gaming industry worth $321 billion by 2026, according to PwC’s Global Entertainment and Media Outlook 2022-26. Global gaming industry revenues are expected to exceed $320 billion by 2026. Image: PwC.
The history of the gaming industry in one chart
WEBNov 27, 2020 · In 2020, the global gaming industry's revenue is set to hit $165 billion, with 2.7 billion gamers worldwide today. The charts below explore how the industry has changed and grown since the 70s. Gaming has become big money in the past fifty years. Image: Visual Capitalist.
The gaming industry is booming but harming the environment
WEBNov 4, 2022 · Gaming is now multi-billion-dollar-a-year industry, but with explosive popularity comes problems, experts warn. Energy hungry gaming consoles are linked to a range of environmental threats from the use of metals, plastics and fossil fuels. New console generations are released every five to 10 years, on average, and planned obsolescence adds to ...
COVID-19 is taking gaming and esports to the next level
WEBMay 15, 2020 · The global video game market is forecast to be worth $159 billion in 2020, around four times box office revenues ($43 billion in 2019) and almost three times music industry revenues ($57 billion in 2019). The biggest market by revenue is Asia-Pacific with almost 50% of the games market by value. North America accounts for a …
Why India's gaming industry is on the rise | World Economic Forum
WEBFeb 24, 2021 · An Inc42 report on the eSports landscape found that eSports in India accounts for 4% of the nation’s userbase and formed just over 9% of industry revenue before the pandemic. This sector is expected to grow 36% year-on-year in the next three years, with projected revenue of $95 for 2020. The Indian eSports audience for …
How we can tackle toxicity to create more inclusive gaming
WEBJan 25, 2024 · The gaming industry could be worth $321 billion by 2026. But the cost of toxic content and abuse is steep for players and the industry. We must forge a path towards a video game community that celebrates diversity, fosters inclusivity, and puts an end to toxic behaviour. We all remember the simpler days of gaming: offline games powered by the ...
The gaming industry can shape perspectives on climate change
WEBDec 21, 2022 · Both are part of efforts by the $200-billion gaming industry to be a part of the growing discussion on climate change. "The game shows the worst-case scenario," Kacper Kwiatkowski, Floodlands designer and head of game studio Vile Monarch, told the Context over email. "Our early research indicated that a realistic rise of sea levels is several ...
Which countries have the largest video gaming markets? | World …
WEBAug 24, 2021 · Katharina Buchholz. Video gaming is a very lucrative and popular industry around the world, with a global revenue of $154.6 billion expected in 2021. China has the biggest market in this industry with an estimated 2021 turnover of $49.3 billion. Globally, mobile games make up a vast 70% of overall video game revenue.
Blockchain gaming under the microscope part 1: mass adoption?
WEBDec 2, 2022 · Looking at the state of blockchain gaming after Q3 2022, three things stand out: 1. Macro-economic factors have bruised the GameFi industry but it has the potential to bounce back. 2. Activity and trading volumes are still tiny compared with traditional games. 3. Activity on non-Ethereum blockchains is increasing.
3 surprising facts about the gaming industry and why you should …
WEBJun 13, 2017 · 3. eSports (short for Electronic Sports), the name given to professional competitive gaming, will generate nearly $700 million in revenue in 2017. Extrapolating the current year-on-year growth rate, Newzoo – an eSports and global–gaming market intelligence provider, projects that number will reach $1.49 billion by the year 2020 .