Newzoo: "The gaming industry is growing faster than we thought"
The growth rate of the global video game market is ahead of experts’ forecasts. In 2017, gaming industry revenues will reach a value of $116 billion, an increase of 10.7% compared to last year, according to the analytical company Newzoo.
At the beginning of the year, Newzoo predicted the growth of the gaming market in 2017 to $108.9 billion.
Gaming market in 2017, Newzoo
The mobile games segment grew the most during the year — from $46.1 to $50.4 billion.
The growth driver here was the income of gaming companies in China and Japan.
The PC games market grew by 1.4% over the year from $29.4 to $32.3 billion.
Console games revenue increased by 3.7% to $33.3 billion.
Global Video Game Market growth Forecast to 2020, Newzoo
Newzoo experts believe that the growth of the global video game market will continue until 2020.
By this time, the industry will add another 8.2%, and its size will amount to $ 143.5 billion.
According to the researchers, the share of esports in the gaming business will continue to grow and may reach $2.4 billion by 2020.
Forecast of the development of the esports industry by 2020, Newzoo
Newzoo’s research is based on data on gaming revenues of more than 100 companies.
Also on the topic:
