The size of the game market will reach US$218.7 billion by 2024
Because of the impact of the coronavirus epidemic, various industries around the world have encountered different problems, and most of them are not good things. However, some industries, on the contrary, have achieved greater development under new opportunities, such as the game industry. 2021 is a brilliant year for the gaming industry. The total number of players this year has reached 3 billion and will continue to grow in the next few years.
According to the Global Games Market Report 2021 released by Newzoo, players have increased by 5.4% from 2020 to 2021, bringing the total number of players to 3 billion, of which 2.8 billion play games on mobile devices. In addition, there are 1.4 billion PC players and 900 million console players. In addition, players in Asia are the driving force for growth, and the popularity of games is getting higher and higher. It is estimated that by 2024, the total number of global players will exceed 3.3 billion.
In the next few years, it is not just the number of players that will grow. The game market is expected to continue to grow at a compound annual growth rate of 8.7%, reaching $218.7 billion in 2024. The report also involves more interesting data, such as the growth of the virtual reality market, its total revenue of $816 million, and the upward trend. The report also emphasized that the gaming industry is healthier and full of vitality than ever before.
In the future, the boundaries of gaming platforms will become more blurred, and more players may stream and play games on different media.