Is the gaming industry declining?

The more important the role of gaming in people's lives, the less likely people will lower their spending on games in face of economic uncertainty or with alternative options for entertainment. We forecast the console games market to generate $51.8 billion in 2022, a decline of -4.2% year on year.

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2023-09-25 18:35:52

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How big is the japanese gaming industry?
Japan is the third biggest market in the video gaming industry with a value of $29 billion in 2021, accounting for 16% of the global market size.
2024-01-08 18:24:29

Will the gaming industry grow?
Video Game Industry Ad Revenue
US mobile gaming ad spend will grow 10.0% to $6.28 billion in 2023 and continue to grow by between 8% and 10% over the next few years, according to our forecast. Esports ad revenues are growing at around the same rate and will pass a quarter of a billion dollars in 2023.
2023-12-15 09:12:03

Why is the gaming industry declining?
It looks bad, but there was one very big reason for the decline: COVID-19. In 2020, when the lockdowns hit, video game sales surged. The titles that drove the market were actually older titles – games released in 2019, 2018, 2017 and even earlier.
2023-08-23 09:31:45

How big is the gaming industry 2023?
Revenue in the Video Games segment is projected to reach US$372.00bn in 2023. In the Video Games segment, the number of users is expected to amount to 3.04bn users by 2027. User penetration will be 34.5% in 2023 and is expected to hit 38.3% by 2027.
2023-05-18 02:26:22

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