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The global market for video games based on 2020 revenues was estimated to exceed $179.7 billion according to the International Data Corporation; the growth of 20% over 2019 revenues is attributes to the surge in spending in video games from the COVID-19 pandemic along with the releases of the new consoles. [10]
Deloitte predicts that the share of theatrical box office revenues from video game intellectual property (IP) will double by 2025. Additionally, most major video streaming platforms are expected to include shows based on popular games. [170] Another report by GlobalData suggests that the video games market could become a $300 billion industry ...
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.
Ottawa, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The global video games market size is predicted to increase from USD 248.52 billion in 2023 to approximately USD 664.96 billion by 2033, According to Precedence Research. The video games market is driven by the increasing usage of electronics equipment and R&D projects.
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.
An increase at this point, near the planned end of the eighth generation of video game consoles, was unusual and was attributed to the pandemic. [119] [120] By July 2020, NPD Group reported that the total sales of video game hardware and software within the United States in the first six months of 2020 reached US$6.6 billion, the highest since ...
The video game industry is one of the most popular industries in the world, and one that has improved its product quality […] For more companies, head on over to 5 Biggest Video Game Companies ...
This is a listing of the best-selling video games in the United States annually by units sold since 1980, with sales figures from The NPD Group since 1994. [1] The United States is a very competitive market for video game developers. Games from different developers around the world have entered the annual lists of top ten best-selling games in ...