How big is the video game industry 2020?

Posted on Sun 15 May 2022 in Gaming

Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars.

Is gaming industry bigger than music?

Just in 2021, the Global “Games Market” had a whopping $180BN in revenue. In fact, Gaming is bigger than Hollywood and the music industry combined. Top games are earning more than the big blockbusters.

Is the gaming industry bigger than NFL?

Activate projects that in the United States esports will have more viewers than every professional sports league but the NFL by 2021. They project that there will be 84 million viewers of esports, higher than the 79 million MLB viewers or the 63 million NBA viewers. This is still dwarfed by the 141 million NFL viewers.

Is Esports bigger than Hollywood?

The gaming industry is already bigger than Hollywood. The only other entertainment sector that can compete with the gaming industry is the television industry.

Is gaming industry bigger than movies?

You know in 2020 the US video game industry grew about 27% to almost $57 billion in revenue, which was surpassing movies and music combined which was according to NPD Group.

Is gaming industry bigger than film industry?

It has been a billion-dollar business for some time now. In 2020, the global gaming industry was set at 180 billion dollars — with almost a twenty percent increase in revenue. But what is even more surprising is the fact that the industry had more revenue than sports and even movies worldwide.

Will esports overtake sports?

Consulting firm Activate predicts that in the US, eSports will have more viewers than any other professional sports league except for the NFL by 2021. The eSports audience is expected to grow to 796 million global viewers by 2024, a nearly 200% increase from present-day numbers.