What is wrong with the game industry?

Posted on Thu 16 June 2022 in Gaming

The game industry is known for its problems. They range from technical problems, e.g., 80% of the games on Steam require critical updates [1], to management problems, e.g., crunch time [2] and unrealistic scopes [3]. The problems in the game industry also include mistreatment of employees3 and harassment.

Is gaming industry the future?

The video game industry is thriving. New technology and the introduction of a new generation of consoles has led to a boom in the sector. By 2024, Newzoo's Global Games Market Report 2021 predicts that the games industry will hit $218.7 billion with a sustained growth of 8.7% per year.

What is the biggest problem in the gaming industry?

Harassment. One of the more serious issues in the gaming industry is definitely the reports of harassment in different gaming studios. A recent report found that there were issues of harassment in Ubisoft and similar gaming studios. Ultimately, this has become apparent because of the MeToo movement.

How video games affect the economy?

The gaming industry supports a total economic impact including: $261.4 billion of output (business sales) 1.8 million jobs with $74.0 billion of labor income (wages, salaries, tips, benefits and other labor income) $40.8 billion of federal, state and local taxes, including $10.7 billion of gaming taxes.

Is online gaming industry shrinking?

In 2020, the global online gaming market generated approximately 21.1 billion U.S. dollars in revenues, which translates to a record 21.9 percent growth compared to the previous year.

Is gaming on the rise?

US Gaming Device Demographics & Trends Gamers turned to their Nintendo, Playstation, and Xbox devices as time spent at home increased in 2020—monthly digital console gamers saw a larger increase than any other gaming device, growing by 6.3% from 2019.

Is PC gaming bigger than console?

According to data analyst company Newzoo, mobile accounts for more than half of all game revenues generated via direct consumer spending. It's worth a whopping US$90.7 billion in 2021. In comparison, PC has generated US$35.9 billion while consoles have generated US$49.2 billion.