How much is the global video game market worth?

KEY MARKET INSIGHTS

The global gaming market size was USD 203.12 billion in 2020 and is projected to grow from USD 229.16 billion in 2021 to USD 545.98 billion in 2028 at a CAGR of 13.20% during the 2021-2028 period.

How much is the video game industry worth globally?

Gaming industry revenue: The gaming industry revenue is expected to reach $221.4 billion in 2023 and $583.69 billion in 2030. While the global video game market is expected to grow further, attaining 3.8 billion players with a total market size of $304.64 billion in 2027.

Are video games a trillion dollar industry?

Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars.

How much money is spent on video games worldwide?

Research from Ampere Analysis indicated three points: the sector has consistently grown since at least 2015 and expanded 26% from 2019 to 2021, to a record $191 billion; the global games and services market is forecast to shrink 1.2% annually to $188 billion in 2022; the industry is not recession-proof.

Is the gaming industry bigger than sports?

The video game industry has grown to be bigger than the sports and movie industry combined, MarketWatch reported Tuesday. The news outlet reported that global video game revenue is expected to increase 20 percent in 2020, making $179.7 billion, according to data from IDC.

The Gaming Industry | Start Here

Is gaming one of the biggest industries in the world?

The video game sector is immensely large. In fact, it is larger than the movie and music industries combined, and it is only growing. Though it doesn't get the same attention that the movie and music industry does, there are over two billion gamers across the world. That is 26% of the world's population.

Which game made the most money?

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.

Who is the billionaire in game industry?

The only billionaire as famous in the West is Valve's Gabe Newell, or "Gaben" as many devotees call him, the man at least partly responsible for such gaming phenomenons as Portal 2, the Half-Life franchise, and Steam. But there are other, much richer, names in video games.

How many dollars is the video game industry?

In 2022, the video game market size in the United States was estimated to be 97.67 billion U.S. dollars, setting a new all-time industry record.

How big is the gaming market in the US?

Revenue in the Video Games segment is projected to reach US$89.57bn in 2023.

What country buys the most video games?

China and the United States have been battling it out for the top spot of the biggest global gaming market for years. Shenzhen-headquartered Tencent, one of the biggest online companies worldwide, is also driving the gaming market in China.

What country has most gamers?

Leading the global market in the number of gamers and revenue is China, followed closely by the United States.

Who is No 1 richest gamer in the world?

Richard Tyler Blevins, better known as Ninja, is the world's wealthiest gamer. His net wealth of $17 million places him at the top of the list. Ninja is well-known for streaming Fortnite, but he has also been streaming PUBG, Call of Duty, and H1Z1 for over a decade.

Who is the richest gamer in the US?

The highest awarding game was Fortnite with $44,517,040.58 USD won, making up 19.59% of all earnings by American players. Kyle "Bugha" Giersdorf is the highest earning American player with $3,503,911.72 USD in prize money won overall, with $3,491,245.05 USD or 99.64% won from playing in Fortnite tournaments.

Who is the first gamer billionaire?

Belarusian gaming magnate Victor Kislyi's net worth has crossed the $1 billion threshold, making him the first billionaire among his compatriots, according to Bloomberg. His business is valued at $1.5 billion.

What is the number 1 game ever made?

1. Tetris – 520 million. Arguably the most timeless video game ever created, Tetris sits comfortably atop the list of all-time bestsellers with 520 million copies sold, according to The Tetris Company.

What percent of video games make money?

According to the Electronic Entertainment Design and Research institute, just 4 percent of games that go into production will turn a profit and only 20 percent of titles that make it to store shelves will achieve profitability. That shouldn't surprise us.

Do games make more money than movies?

In the last decade, the gaming industry has been smashing Hollywood's earnings out of the park! Just in 2021, the Global “Games Market” had a whopping $180BN in revenue. In fact, Gaming is bigger than Hollywood and the music industry combined. Top games are earning more than the big blockbusters.

Are video games losing popularity?

Despite the decline in number of people playing video games, the industry continues to see growth in the number of hours spent gaming. There was a dramatic increase in time spent playing games from 2019 to 2020, with average hours played per week jumping from 12.7 to 14.8, respectively.

What percent of Americans play video games?

Today, 66 percent of Americans—more than 215 million people of all ages and backgrounds—play video games regularly.