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Dec 1, 2021 · Specifically, Deloitte predicts that more than 150 million people will cancel a paid streaming subscription in 2022, with a global churn rate of 30 percent. In the U.S., the churn rate is...
- Alex Weprin
Dec 1, 2021 · Deloitte estimated that 150 million streaming subscriptions will be canceled worldwide in 2022. Subscriber churn will increase as streaming competition heats up in international markets....
- Henry Blodget
- The Video Game Market Size Was 217 Billion as of 2022.
- Over 3 Billion People Play Video Games Worldwide.
- U.S. Gamers Spent Over 55 Billion on Video Games in 2022.
- Twitch Has Over 140 Million Users Per month.
- 6 Billion Hours of Video Game Streaming Is Watched on Twitch Each month.
- 27% of Gamers Spend 1 to 5 Hours Streaming Video Games Per week.
- The Best-Selling Video Game Console Is The PlayStation 2.
- Bottom Line
- Sources
The video game industry, a dynamic and rapidly growing sector, achieved a market size of $217 billionin 2022. This impressive figure is not an endpoint but a signpost of the industry's potential for future growth. Predictions indicate that the video game market is expected to expand at an annual growth rate of 13% leading up to 2030. Such a robust ...
The global reach of the video gaming industry is truly staggering, with over 3.26 billion people around the world engaging in video games as of 2024. This figure represents nearly half of the global population, illustrating the universal appeal and widespread accessibility of video gaming. The diversity of gaming platforms, from consoles and PCsto ...
The expenditure on video games in the United States reached a remarkable milestone in 2022, with gamers spending over $55 billion. This substantial investment in the gaming industry is indicative of its significant role in entertainment and digital media. A notable aspect of this spending pattern is the source of the majority of this revenue: an as...
Twitch, the leading platform in video game streaming, has seen remarkable growth in its user base. As of now, it boasts over 140 million monthly users, a number that has more than doubled from 55 million users in 2015. This exponential growth not only illustrates the platform's increasing popularity but also solidifies its position as the most popu...
The scale of engagement on Twitch is truly astonishing. Viewers collectively watch approximately 1.86 billion hours of video game streaming content on Twitch each month. To put this into perspective, a staggering 1.14 trillion minutes of video game streaming content has been uploaded to the platform to date. These numbers not only reflect the immen...
A significant portion of the gaming community dedicates a considerable amount of time to streaming video games. Approximately 27% of gamers report spending between 1 to 5 hours per week engaged in streaming video games. This statistic highlights the moderate but consistent commitment many gamers have towards engaging with streaming content with a t...
In the history of video game consoles, the PlayStation 2 stands out as the best-selling console, a testament to its enduring popularity and impact on gaming culture. With over 155 million units sold, the PlayStation 2 leads the pack in sales. Following closely is the Nintendo DS, with a total of 154.02 million units sold, showcasing its own signifi...
As we've navigated through a plethora of statistics in this comprehensive overview, it's clear that the realms of streaming and gaming are not just thriving; they're fundamentally reshaping entertainment and media consumption. From the dominance of Netflix in the video streaming world to the staggering number of people playing video games globally,...
Digital TrendsFortuneBusinessInsightsStatistaVisual CapitalistFeb 27, 2024 · Total subscriptions to all streaming services, including Netflix, Hulu, Paramount+ and Max grew to 242.9 million in 2023, adding a total of 164.7 million subscribers over the course of the...
Dec 28, 2021 · However, Deloitte Global predicts that in 2022, “at least 150 million paid subscriptions to streaming video-on-demand (SVOD) services will be canceled worldwide, with churn rates of up to 30%...
Dec 8, 2021 · Subscribers around the world will cancel over 150 million streaming video-on-demand subscriptions in 2022, with subscriber churn accelerating from prior years, according to analysts at...
Jan 4, 2024 · Monthly churn for major streamers including Apple TV+, Discovery+, Disney+, Hulu, Max, Netflix, Paramount+, Peacock, and Starz hit 6.3% in November 2023, up from 5.1% a year prior, according to...
