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The video game industry is the tertiary and quaternary sectors of the entertainment industry that specialize in the development, marketing, distribution, monetization and consumer feedback of video games. The industry encompasses dozens of job disciplines and thousands of jobs worldwide. The video game industry has grown from niche to mainstream.
The video game industry in general was boosted by the pandemic, since people under pandemic lockdowns were forced to stay home, with video games becoming a popular pastime. Total spending in video games grew to US$33.7 billion in the United States during the first nine months of 2020 compared to US$27.9 billion for the same period in 2019. [86]
Global video game industry annual deal value 2020-2023, by type. Annual value of video games industry deals worldwide from 2020 to 2023, by type (in billion U.S. dollars)
In 2020, the global gaming industry's revenue is set to hit $165 billion, with 2.7 billion gamers worldwide today. The charts below explore how the industry has changed and grown since the 70s. Gaming has become big money in the past fifty years. Image: Visual Capitalist . 50 years of gaming history, by revenue stream (1970-2020)
Feb 2, 2021 · Well, an industry is a way to group and classify companies by their primary economic activity (Prosser 2007). This way all the companies that make hardware and publish software for video games as ...
As of 2020, the global video game market had estimated annual revenues of US$159 billion across hardware, software, and services, which is three times the size of the global music industry and four times that of the film industry in 2019, [1] making it a formidable heavyweight across the modern entertainment industry.
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Dec 22, 2020 · Featuring the global games market value, boxed vs digital spending, best-selling games, and - of course - pets Feature by James Batchelor Editor-in-chief Published on Dec. 22, 2020
