Will the gaming industry continue to grow?

That tracks with a recent analysis from Morgan Stanley, which states that the gaming industry will likely continue to grow in 2023, even as many consumers face the prospect of a recession. According to the report, this has been a historical trend, and the firm believes this will continue.

Is the gaming industry still growing?

Video Game Industry Ad Revenue

But while consumer spend shrinks, ad revenues are growing. US mobile gaming ad spend will grow 10.0% to $6.28 billion in 2023 and continue to grow by between 8% and 10% over the next few years, according to our forecast.

What are the trends in 2023 for gaming?

Gaming trends to watch: 'Hyper casual' games, user-generated content, and more. Turning players into creators represents the biggest market opportunity in video games in 2023. That was one takeaway from a discussion last week about mobile gaming and the gaming industry.

Is the gaming industry a good investment?

Thus, the video game industry is forecasted to exceed US$2bn in 2022 according to Newzoo's Consumer Insights Games & Esports 2022, a roughly 5% growth from 2021. The below list shows the various potential advantages of trading or investing in gaming stocks: Exposure to a rapidly-growing industries.

What is the projections for the gaming industry?

Revenue in the Video Games segment is projected to reach US$365.60bn in 2023. In the Video Games segment, the number of users is expected to amount to 3.04bn users by 2027. User penetration will be 34.5% in 2023 and is expected to hit 38.3% by 2027.

The Global Gaming Market Is Booming

Do gamers have a future?

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.

Is there any future in gaming?

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 the gaming industry declining?

That analysis echoes a Bloomberg report which states that the gaming industry's 4.2 percent decline in growth compared to 2021 reflects the delays in sought-after gaming titles. However, that will change in 2023, the article states.

Do gaming companies do well in recession?

In an impending recession, one of the first things people tend to cut is discretionary spending. The video game industry is no exception to this general rule, experts say, but the value of a $60 game or a free-to-play title can last hours and stretch into months, making them a bargain during an economic downturn.

Is gaming becoming a career?

Game Designer, Game Developer, Game Tester, Game Animator, Visual Artist, Audio Engineer, Interpreters and Translators, and Market Research Analyst are some of the many career options that can be pursued after gathering the required skills.

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.

How much will the video game industry be worth in 2025?

The worldwide gaming industry is expected to be worth more than $300 billion by 2025. According to Survey made by Enterprise Apps Today, Mobile gaming is the most popular gaming segment with annual revenue of $81.5 billion in 2021.

Does gaming have a future in education?

Gaming teaches technical skills

Overall, gaming may create an educational future where teachers can recreate a more engaging and connected environment, and students may benefit to develop critical skills by attending exciting lessons.

Is the gaming industry stable?

According to a January 2022 report by Fortune Business Insights, the global gaming market size is expected to grow from $203.12 billion in 2020 to reach $545.98 billion by 2028. That's a compound annual growth rate (CAGR) of 13.2% between 2021 and 2028.

Why are games declining?

"Some of the drivers of the decline include the return of experiential spending, higher prices in everyday spending categories such as food and fuel, the uncertain supply of video game console hardware and certain accessories such as gamepads, and a lighter release slate of games, among others," explained NPD game ...

What is the fastest growing gaming segment?

Gaming Market Segmentation by Gamer Type

The casual players' segment had the largest share with over 50% of the gaming market size in 2021. The segment is expected to grow at a CAGR of over 8% during the forecast period.

What industry will be hit hardest by recession?

A recession is “a significant decline in economic activity spread across the economy, lasting more than a few months.” Industries affected most include retail, restaurants, travel/tourism, leisure/hospitality, service purveyors, real estate, & manufacturing/warehouse.

What industry will survive a recession?

Generally, the industries known to fare better during recessions are those that supply the population with essentials we cannot live without that. They include utilities, health care, consumer staples, and, in some pundits' opinions, maybe even technology.

What industries will be hit hardest by recession?

Is gaming recession proof?

Gamers are certainly more down to spend their money on virtual items these days than they were back then. But the operative word is “uncertainty”, and it's far from a sure thing that the gaming industry will be as recession-proof this time around as it was in 2008.

What is wrong with gaming industry?

2021 was the year in which some of the industry's giants faced multiple allegations of enforced overtime, workplace bullying, discrimination, and sexual harassment. 2021 was also the year in which employees took matters into their own hands and sought industrial action to combat the myriad issues they faced.

Why is video game industry declining?

The decline stems from a regulatory overhang in China, the world's biggest market for mobile games. "China withholds how many games can be released by assigning licenses to new titles, so that limits growth potential," Barbour said.

What will gaming be like in 30 years?

The next 30 years are likely to bring even more changes, with virtual and augmented reality taking over the gaming experience. Wearing incredibly portable AR/VR headsets or glasses and having games streamed to those devices may happen sooner than most people realize.

Does gaming have a bright future?

The future of the video game industry looks dazzling. Consumer demand is growing, technology is advancing quickly, and new monetization models are taking off. Bain's analysis forecasts that global revenue for games could grow by more than 50% over the next five years (see Figure 1).