The video game industry is said to be over by buyers this year $203.1 billion take in. Thus, compared to the previous year, the industry would see an increase of 5.4% achieve and celebrate the financially most successful year of their existence. The figures from the analysts at Newzoo are of course “only” forecasts for the time being. The biggest growth driver should be the console market will.
Meager $57 billion should be generated in this segment, despite previous problems with the lack of chipsets. This represents for Sony and Microsoft also almost 1.5 years after the release of the Playstation 5 and the Xbox Series consoles a problem that should not be underestimated. Nevertheless, a significantly growing user base is expected in this segment. Console exclusives top titles, tried and true live service games and the new PS Plus should also help growth here enormously.
No end in sight
According to Newzoo, however, the growth of the gaming industry is far from over. For the year 2024, for example, approx $224 billion expected in sales. The combination of full-price games and subscription concepts should give players more options to play and pay accordingly.
The relevance of the mobile market should by no means be underestimated. In 2022 alone, this segment is expected to $103.5 billion generate sales. The number of players as such is also growing. The number of people actively playing video games is expected to increase to approx 3.09 billion people increase. For comparison, around 7.9 billion people currently live on earth.
Success in turbulent times
The industry can therefore despite numerous scandals, a pandemic and the ongoing shortage of chipsets are enjoying record sales. Everyone has to decide for themselves to what extent this represents a positive or negative trend. But the continuing success of the video game medium cannot be dismissed out of hand.
Sources: Newzoo, Pcgamesn, worldometer
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