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Feb 11, 2024 · The video game industry had a banner year in 2023, with critically acclaimed blockbuster titles selling millions of copies.Yet, it was also a year of layoffs with 10,500 game makers losing their jobs.
Jul 28, 2022 · The video game sector is booming – and it’s tipped to keep on growing. The expansion is expected to make the global gaming industry worth $321 billion by 2026, according to PwC’s Global Entertainment and Media Outlook 2022-26. Global gaming industry revenues are expected to exceed $320 billion by 2026. Image: PwC.
Aug 25, 2023 · The video gaming industry appears almost unstoppable, but there are factors that could clamp the breaks on growth. Piracy, for example, is a chronic issue for video gaming companies. Piracy could likely cause severe financial damage to game developers, leading to decreased game variety and quality and, consequently, deteriorating platform sales.
- Olivia Lowden
May 16, 2024 · Statistics. The global video game industry is a billion-dollar business and has been for many years. In 2022, the revenue from the worldwide gaming market was estimated at almost 347 billion U.S ...
- Traditional platforms are bridging the gap between technologies. During the pandemic, many industry participants expected next-gen tech like game streaming and extended reality (XR) to overtake mobile, but lackluster consumer adoption has shown that we’re not quite ready to live in the metaverse.
- Platforms are aggressively pursuing IP, setting the stage for content silos. The gaming industry is in a late-stage gold rush for premium intellectual property.
- Publishers need to innovate on monetization for ARPU expansion. Today, publishers take home $136 billion of the $262 billion video game market, with PC and console capturing $48 billion and mobile capturing $87 billion.
- Gametech innovators help boost profitability and player experiences. The video game industry has been on the cutting edge of tech for decades. And at the heart of this innovation is the gametech market, which allows developers and publishers to create, operate and monetize their games.
Sep 30, 2024 · The global video games market size was valued at USD 188.73 billion in 2021 and is projected to grow from USD 199.74 billion in 2022 to USD 307.19 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Asia Pacific dominated the video game market with a market share of 52.8% in 2021. Based on the analysis, the global video game ...
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Feb 1, 2024 · Warner Bros.’ “Hogwarts Legacy,” a game set 100 years before the events of its signature “Harry Potter” film series, closed out 2023 as the No. 1 bestselling game, a title that typically ...
