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Global Gaming Industry Sees Big Growth Ahead

SAN FRANCISCO: Games and e-sports analytics company Newzoo says the 2020 global game industry revenue from consumers could reach US$159.3 billion, a 9.3 percent increase year-over-year. 

Newzoo also predicts the market will surpass $200 billion by the end of 2023. The data excludes in-game advertising revenue which surged nearly 60 percent during Covid-19 lockdowns. 

Of  the world’s  7.8 billion people, some 2.69 billion will play video games this year, Newzoo predicts.

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