Video games Niche Entertainment has grown into a serious segment of the entertainment industry over the past decade, outperforming both the film and music industries in terms of money. The number of players is growing every year. This means that more and more money is circulating in the industry and companies involved in the development of games or gaming equipment are becoming larger and more prosperous. Not a single company in the industry ranks among the world’s largest companies, and words like “Tencent“,” EA Electronics “and” Blizzard / Activison “can be found in the prestigious S&P 500 index.
Serious money
Last year, when a large portion of the world’s population was at home, U.S. video game fans spent more than $ 60 billion on games and related stuff, according to data compiled by the Entertainment Software Association. Spending has increased by 8% since 2020. In total, people spent 90 billion people worldwide on games in 2020, but by 2021, that number had risen by almost 10%.
Already in 2024, the industry’s products will be worth 100 billion, and in 2025 the industry as a whole, including technology, e-sports and more, will be worth 250 billion. The highest growth is forecast in Asia. China is already ahead of the United States in total turnover, and the whole region is expected to be well ahead of the West in the coming years.
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