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[2] [3] [4] Consumers in Germany spent €5.87 billion on video games over the course of 2021, a 3 percent year-on-year increase from 2020. [5] The video game market in Germany grew by 6 percent to €6.2 billion ($6.7 billion) in 2019. [6] The annual Gamescom in Cologne is the world's largest video game expo by number of attendees. [7]
Video Games Market Segments Outlook: Platform Outlook. The mobile segment dominated the market and is expected to witness significant growth in the video games market during the forecast period. Video games played on portable media players, tablets, and smartphones are called mobile games. There has been a surge in games intended for lifestyle ...
Since 2000, the video game industry was considered recession-proof, having thrived compared to other industries during the 2008 Great Recession, and as one of the more profitable industries during the COVID-19 pandemic in 2020 and 2021. Video games are seen as a low-cost vice and entertainment for consumers when approaching recession.
In terms of social impact, video games are an established powerful segment of the art and entertainment landscape. In 2023, the state of the video game market is big and getting bigger.
This is a listing of largest video game publishers and developers ranked by reported revenue over $100 million. Sony Interactive Entertainment is the world's largest video game company, followed by Tencent and Microsoft Gaming. [1] [2] Out of the 59 largest video game companies, 14 are located in the United States, 11 in Japan, and 7 in South ...
The gaming industry went through a tumultuous first half of the year, fraught with mass layoffs, studio shutdowns and project cancellations arising out of weak gamer spending. PlayStation 5 maker ...
Germany's intensifying budget crisis is hitting Europe's top economy where it hurts most: its reputation as a reliable partner for industry, some of which now fears that Berlin may not stand by ...
The Game Awards, honoring the best video games of the year, was held at the Peacock Theater in Los Angeles. [68] 19 Sony and Kadokawa Corporation, the parent company of FromSoftware, Spike Chunsoft, and Acquire, agreed to form a strategic business alliance, with Sony becoming the largest shareholder in Kadokawa. [69]