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REPORT: the video game market will break revenue this year | Levelup

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The video game industry continues to grow and its performance in the market as well, demonstrating the position it has earned as one of the best forms of entertainment and one of the most popular in the world. 2021 will not be the exception and according to a report, the most important sectors of gaming will break new records of revenue generation and will remain so for the next few years.

The video game industry continues to grow and its most important sectors also

The analysis firm NewZoo shared its estimate for the end of 2021 regarding the video game industry and revealed that it will generate more than $ 180 MMDD, a figure that represents an increase of 1.4% compared to what was achieved in 2020, a year that saw a important boost for gaming in the market derived from the COVID-19 pandemic and the lockdown situation in different countries.

In this regard, the firm points out that a detail to take into account is the diversification of video games as an industry and in the market, since it is no longer subject to the idea that success comes from new games and new hardware, since “a season pass it can be just as successful. “

Cloud gaming and esports are on the rise

On the other hand, NewZoo reported, without giving figures, that cloud gaming has doubled its revenues compared to 2020, being one of the sectors with the highest growth. This data shows that this type of experience is beginning to position itself among users and will soon be an option more on par with consumption in physical and digital formats.

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Another sector in frank growth, with everything and the difficulties of the pandemic, are esports and the firm expects that they will generate at least $ 1000 million in 2021.

Finally, NewZoo shared its expectations for 2024, with the video game industry in general generating $ 218 MMDD, a figure to which mobile games will contribute $ 116 MMDD. In the same way, cloud gaming is expected to do the same in that year generating $ 6500 million and esports also with $ 1600 million.

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Reference-www.levelup.com

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