Is the number of gamers decreasing?

According to the latest data, there are approximately 3.09 billion active video gamers worldwide. That figure has risen by over 1 billion in just seven years (that's a 32% increase). And the number of gamers is expected to hit 3.32 billion by 2024.

Is gaming losing popularity?

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.

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.

Is console gaming declining?

According to the report, there were 1.1 billion PC players and 611 million console players in 2022. The 2.2% decline was mostly due to a 4.2% drop in the console gaming market, as the PC games market increased by 1.8%.

How many gamers will there be in 2025?

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.

The Decline of Gaming

What will gaming be like in 2050?

Does gaming have a future?

The future of gaming looks bright, with the emergence of new technologies such as virtual reality and the increased prevalence of mobile gaming. Virtual reality (VR) has the potential to revolutionize the gaming industry by immersing players in a fully interactive and realistic digital world.

Is gaming recession proof?

Gamers were eager to purchase new consoles and games during the 2008 financial crisis, which defined the industry as virtually recession-proof. However, if the US is approaching another recession, customer interest is likely to plummet if the industry's public reputation remains mediocre.

Are consoles losing popularity?

An uneven trend

Across PlayStation consoles, the total number of new physical releases declined over 38 percent from 2018 to 2021, echoing a nearly 31 percent decline on Xbox consoles. On the Switch, meanwhile, the total number of new physical releases decreased by less than 7 percent over the same period.

Is Xbox on the decline?

Microsoft's video game business is enduring a sticky spell with revenue declining across the board. According to the company's fiscal report for the second quarter—ended December 31, 2022—Xbox hardware revenue declined by 13 percent year-on-year, while Xbox content and services revenue declined by 12 percent.

What age do gamers decline?

“Gamers are much less driven by competition as they get older, and this motivation drops the most between ages 15 and 25 and levels off around age 32-plus.”

Is gaming a huge waste of time?

But consider the trade-offs of these activities, including gaming: you're neglecting your friends, family, your mental and physical health, as well as your career. If that's the case for you, then gaming is a waste of time – just like any other activity with the same trade-offs would be to this extent.

What is the biggest problem of gamers?

Hours of gaming daily often result in less sleep, especially if you play later at night or with gamer friends from different time zones. It's easy to play “just one more game,” which results in “just one less hour of sleep.” Excessive gaming can lead to poor sleep hygiene and other adverse physical health effects.

How is no 1 gamer?

Who is the most famous gamer on YouTube? The most famous gamer on YouTube is PewDiePie.

What will gaming be like in 30 years?

Merging the Real and Virtual

One of the most exciting possibilities for gaming in the next 30 years is a complete blending of the real and virtual. Imagine a person being in an open field, putting on a pair of AR glasses, and being able to immerse themselves in a game within that space.

What age is gaming most popular in?

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.

Which consoles are loss leaders?

Microsoft isn't the only console manufacturer to go with a loss leader. Sony's PlayStation has been a well-known loss leader for many years, for the same reasons as Microsoft. However, Nintendo apparently bucks the trend, and the Nintendo Switch and its various models are profitable.

Are consoles built to last?

Game consoles are usually built to last for around 5 years. While they may see incremental updates over that time period, PC components update at a much faster rate. Game consoles also don't start off life with the best possible hardware. They feature somewhat limited components designed to hit a specific price point.

Are PC players better than console?

PC gaming is great for gamers who want more customization options, freedom with modding, and access to a larger library of games. Console gaming is better for gamers who don't have the time or money to invest in a powerful gaming PC.

Is gaming bad for climate?

Like other electronics, gaming consoles are linked to a range of environmental threats, from the metals and plastics required to manufacture them, to the fossil fuel-derived electricity that powers them, to the challenges of recycling the devices after the rapidly deployed next generation displaces them.

Is gaming career stable?

Some games pay enough at the top competitions for people to turn gaming into a career, but this is not common. So if the money is right, and your game is popular, then yes gaming can become a career. Remember though, of the hundreds of games out there, there are only a handful that pay enough for you to live off of.

How much will the gaming industry be worth 2030?

Gaming industry to be worth $470bn by 2030 despite setbacks, experts predict. Experts say the metaverse and virtual reality will be a driving force of growth for the gaming industry.

Is being a gamer a real career?

What does a Professional Gamer do? The line between work and play blurs when you're a professional gamer. In this career you're paid to play, yet the job takes the same amount of daily practice and dedication required of a professional athlete.

Is gaming useful in life?

Gaming is really a workout for your mind disguised as fun. Studies have shown that playing video games regularly may increase gray matter in the brain and boost brain connectivity. (Gray matter is associated with muscle control, memories, perception, and spatial navigation.)

Can gamers make a living?

Professional gaming is now a viable way to earn a living. And sometimes professional gamers can earn a really good living. So, how much do professional gamers make? On average, professional gamers earn between $1,000 and $5,000 per month, or, between $12,000 and $60,000 per year.