This year, the video game industry is expected to take $ 203.1 billion this year. As a result, industry would increase 5.4% compared to the previous year and celebrate the most successful year of its existence. Of course, the numbers of the analysts of Newzoo are “only” forecasts for the time being. The largest growth driver is to be the console market **.
Almost $ 57 billion are to be generated in this segment, despite previous problems in terms of chip set lack. For Sony and Microsoft, this represents a problem that should not be underestimated almost 1.5 years after the release of PlayStation 5 and the Xbox Series consoles. However, a significantly growing user base is expected in this segment. Console exclusive top titles, tried and tested live service games and the new PS-Plus should also help growth here.
no end in sight
According to Newzoo, the growth of the gaming industry should not be over. For example, about $ 224 billion ** is expected in sales for 2024. The combination of full-price games and subscription concepts should give the players more opportunities to play and to pay accordingly.
The relevance of the mobile market should not be underestimated. In 2022 alone, this segment is expected to generate $ 103.5 billion in sales. The playership as such is also growing. The number of people who actively play video games should increase this year to around 3.09 billion people . For comparison, around 7.9 billion people are currently living on earth.
success in turbulent times
Despite numerous scandals, a pandemic and the ongoing chipset deficiency, industry can look forward to record sales. To what extent this represents a positive or negative trend, everyone has to decide for themselves. But the continuing success of the video game medium cannot be dismissed.
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