Are video games becoming more popular?

Though video gaming has been around for decades, it was the entertainment of choice for many during the pandemic. Average time spent gaming soared 16.5% between 2019 and 2020, from 12.7 to 14.8 hours per week, according to The NPD Group. That growth rate barely slowed in 2021, with time spent growing to 16.5 hours.

Are video games declining in popularity?

Combined sales of games, consoles and subscriptions totalled a whopping $191bn globally in 2021. According to Ampere Analysis, this is due to drop by 1.2% to $188bn this year.

Why are video games so popular now?

“Games have become a great way to convene with people socially and to connect with family and friends as well as the global community.” What's more, families also see the benefits of playing video games together, the ESA found, with 77% of parents regularly play video games with their children.

How popular are video games right now?

Globally, there are approximately 3.09 billion active video game players. By 2024, there are expected to be 3.32 billion gamers worldwide. The US has over 3,000 esports players. Asia is home to almost 1.5 billion gamers.

Why is the gaming industry growing so quickly?

Technical innovations, expanding market demographics, and an increase in video game-related merchandise have all contributed to the video game industry's new scope.

video games aren't fun anymore.

Which age group plays the most video games?

The majority of gamers in the United States are adults, and only 21% of them are under 18 years old. Among the adult crowd, people between the ages of 18 and 34 make up the majority. Still, senior gamers are a significant demographic, too: 15% of American gamers are older than 55.

What is happening to the gaming industry?

Gaming is now a bigger industry than movies and sports combined. Revenue for gaming reached $184 billion in 2022, and the number of gamers is expected to grow to 3.6 billion by 2025. It's not just kids either: 38 percent of gamers are between the ages of 18 and 34 years, and 16 percent are older than 55.

Are people buying less games?

It was only by this year, in 2022, that the decline in sales for new games reversed. Unit sales for new games in 2022 increased by 16% compared to 2021, almost reaching 2019 levels. The paradox in 2022 is that as fewer games released, the appetite to buy new increased. Consumers are speaking with their wallets.

Are video games losing quality?

In 2014 the median rating was 3.5/5, but this has dropped to 2.9/5 as of 2021. This indicates that gamers believe the quality of games in general has dropped. Interestingly, looking at just the best 295 games of 2021 (i.e., the same number as released in 2014), the median score is 3.5 (same as 2014).

Will 2023 be a good year for gaming?

While there are few guarantees in the gaming industry, 2023 is a guaranteed great year for gamers everywhere. Whether it's meaningful remasters or reboots, ambitious sequels or intriguing indie titles, 2023 possesses a diverse list of releases.

Is there a future in video games?

By every conceivable metric, the video game business is booming. Industry-wide revenue forecasts are scheduled to eclipse half a trillion dollars by 2030, after generating $184 billion in the relative down year of 2022.

What is the fastest growing gaming industry?

The report titled "Global Paid Competitive Gaming Report 2023," said that PCG, a relatively new form of gaming, is set to become one of the fastest-growing gaming segments. The report said the PCG market is expected to reach $16 billion by 2024. With a compound annual growth rate of 31.9 per cent from 2021 to 2024.

What gender plays more video games?

Video gamers in the United States 2021, by gender

In 2021, 41.5 percent of video gamer in the United States were female, with the remaining 58.5 percent of U.S. video gaming audiences were male. Currently, there are approximately 189 million gamers in the United States.

How old is the average PC gamer?

The American gamer population is 54% male and 46% female. Of those females, women 18 and older account for a greater portion of the population than males younger than 18. The average female video game player is 14 years old, while the average male video game player is 13.

What game has made the most money ever?

Top Grossing Games 2022

Honor of Kings snatched the title from PUBG Mobile, which had held it for three years previously. PUBG Mobile had a noticeable decline in 2022, from $2 billion to $1.12 billion.

What video game has the biggest fan base?

Video game fanatics

Call of Duty, Fortnite, and Grand Theft Auto rank among the brands with the most loyal fanbase.

What video game makes the most money?

The highest-grossing video game of all time is Dungeon Fighter Online, which has grossed $20 billion worldwide (mostly in Asia) as of 2022. It surpassed the records held by Pac-Man and Space Invaders, which were the highest-grossing video games since the 1980s.

Why is gaming declining?

In the US, spending on games fell 5% in 2022. Across Europe, game sales are down over 7%. It looks bad, but there was one very big reason for the decline: COVID-19. In 2020, when the lockdowns hit, video game sales surged.