There are already 2.700 billion video game players and the industry does not stop growing

The video game industry is one of the most important today. Its importance has grown, above all, thanks to the development of games for smartphones, which generate considerable income. According to the market analysis firm New Zoo, the number of video game players has grown to 2.700 billion in 2020. This translates into a market volume of 159.300 billion dollars of business.

Specifically 2.600 billion gamers focus on smartphone devices. This study also highlights that approximately 38% of entry-level gamers have never played paid titles. This shows that free games with micropayments are a better bet for developers than buying a game.

2.700 billion video game players in 2020

It is also interesting to know that the pandemic has contributed a lot to the growth of the video game industry. With the increase in staying at home and the reduction of social contact, games have become popular. An upward trend is expected to continue in the coming years. A revenue increase to $ 200.000 billion is expected by 2023.

In addition, another market analysis firm indicates that the value of the gaming market by 2025 could be almost 257.000 million dollars. As we can see, the video game market has significant development potential in the coming years. An important industry will be the development of games for smartphones.

It is also commented that Cloud Gaming and eSports will enhance the growth of the industry. Companies focused on Cloud Gaming, such as T5-Labs, Gaikai or Onlive, will be some of those that will boost this growth. Onlive, it seems, will be the one that allows Disney Interactive, Epic Games, Atari or Sega, among others, to offer their video games through streaming.

Source: NC