by
Alabama News Network Staff
The global digital video game industry continues to grow at a rapid pace with no signs of slowing down in the years to come.
According to data presented by 123scommese.it, the entire market is expected to generate almost $146 billion in revenue in 2021, an increase of 40% in two years.
Ten-year-old Henry Hailey plays the online game Fortnite early in the morning in the basement of his Chicago home. His parents are trying to limit screen time for him and his brother. The boys say they understand sometimes, but also complain that they spend less screen time than their friends. (AP Photo/Martha Irvine)
Mobile gaming revenue has jumped 44% since 2019, with the entire industry reaching a value of $151 billion by 2025
Unlike many other sectors severely affected by the COVID-19 crisis, the video game industry has been much more resilient to the pandemic. Most video game developers and publishers witnessed record numbers of users and downloads last year as millions turned to video games during lockdown.
In 2019, the digital game industry generated $104.4 billion in revenue, the Statista survey found. After the pandemic hit, revenue jumped 23% year-on-year to $128.3 billion in 2020. Statistics show that figure is expected to increase by $17.6 billion in 2021, and by 2025 , the unified market is expected to reach $207.6 billion.
As the biggest revenue stream in the digital video game industry, mobile games have seen the most growth in the past two years. In 2021, mobile games revenue is expected to reach nearly $104 billion, 44% more than in 2019. By 2025, the overall market is expected to grow another 45% and reach a value of 151, $8 billion.
Online gaming has seen record player numbers during the pandemic as a popular activity to counter physical distancing amid lockdowns. Statistics show that online gaming revenue has increased by 36% in two years, from $16.8 billion in 2019 to $22.9 billion in 2021. Over the next four years, this figure is expected to reach $30.3 billion.
Downloadable games are expected to generate $16.1 billion in revenue this year, up from $13.2 billion before the pandemic. Gaming networks follow with a 43% increase in two years and revenue of $2.9 billion in 2021.
435 million people have started playing digital video games amid a pandemic
The Statista survey also revealed that more than 435 million people have started playing digital video games since the start of the pandemic. In 2019, the number of users worldwide stood at 1.7 billion. Last year, that figure topped two billion. Statistics indicate that the number of users is expected to reach 2.15 billion in 2021 and continue to exceed 2.5 billion by 2025.
As the world’s largest digital video game industry, China is expected to generate $49.1 billion in revenue in 2021, a 46 percent increase in two years. By 2025, the Chinese market is expected to reach a value of $71 billion.
The United States follows with $30.3 billion in revenue this year, compared to $23 billion in 2019. By 2025, the U.S. markets for mobile games, download games, online games and networking games are expected to reach a value of $42.4 billion.
As the third-largest market for digital video games, Japan is expected to generate $18.2 billion in revenue this year. South Korea and the United Kingdom follow, with $6.15 billion and $6.14 billion respectively.
What radio stations are in Grand Theft Auto V?
Ready for a sonic journey through the steamy streets of Los Santos? Hold on tight, the GTA V adventure wouldn’t be complete without explosive background music! In this article, we reveal all the radio stations that set the pace for…
Where to find submarine parts in Grand Theft Auto 5?
GTA 5 enthusiasts, you’ve come to the right place! Do you dream of taming the mysteries of the ocean by controlling your own submarine, but you’re missing those pesky submarine parts? Journey with me into the whirlwind universe of GTA…
What gangs are present in Grand Theft Auto 5?
“Prepare to dive into the fast-paced and tumultuous world of Grand Theft Auto 5! Far from the beautiful cars and sophisticated weapons, we’re going to introduce you to the gangs, these true pillars of the insurgent life of Los Santos.…
Where to find all map items in Grand Theft Auto V?
Ready for another adrenaline-filled journey through Los Santos? Put on your virtual jacket, charge your controller and step on the accelerator to go hunting for the hidden treasures of Grand Theft Auto V. Let me guide you through this urban…
How to become a Grand Theft Auto 5 pro with these tips?
Ready to turn Los Santos into your playground? Embark on a high-speed ride through the urban jungle of GTA 5! Through this article, unlock the full potential of your avatar and become the undisputed king of virtualized banditry. Unspeakable tricks,…
How to change skin on minecraft
How to change skin in Minecraft on PC?Method 2 of 4: No download Go to Planet Minecraft and choose a skin there. … Click “Upload to Minecraft” or “Change Skin”. You should be redirected to the official Minecraft page. ……
How to unsubscribe from PlayStation Plus
How to cancel PlayStation Plus auto-renewal? Go to Settings > Account Management > Account Info > PlayStation Subscriptions. Select the subscription you want to cancel. Select Turn off auto-renewal. How to remove a PlayStation Network credit card?Sign in to PlayStation…
How to download full free xbox 360 games
How to buy a gym on Xbox 360?Purchasing Xbox 360 Content Once you’ve selected your content, simply click the Download to Xbox 360 button to begin the purchasing process.How to buy an Xbox 360 game on an Xbox One?Players with…