Home > Brands > Global Gaming Industry Sees Big Growth Ahead

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.

You may also like
Mobile Gaming Will Be $158 Billion Industry By 2024
Gaming Hardware Booms As COVID Keeps People Home
Razer Fix Privacy Leak For 100,000 Gamers
Acer Signs On As PUBG Tournament Sponsor
Global Console Games Market Set To Grow By 43% In 2020