The video game industry is so big that it exceeds the revenues of movies and music combined.
Statistics from the last decade show that video games will play an increasingly important role in the global economy.
The gaming industry has become new leader of the entertainment industry in recent years thanks to the exponential growth it has received. Global video game market surpassed movie theater revenues and music together, consolidating themselves as the most popular and profitable on the planetwith a big difference compared to others.
This is supported by recent official data, which states that games have a big impact in several countries. So they were consolidated as a way entertainment with more profit currently even more than in other sectors. Below we leave you with everything that has been revealed so far. now about income who play some of the best video games in history.
The numbers speak for themselves: the gaming industry is taking over the world
Mario is one of the most popular video game characters in the world.
According to Forbes, in 2021 global video game market reached a value of $202,640 million and is expected to continue to grow at the same rate. annual rate 1.2% until 2030. This expansion is due to various factors including technological innovation, wide Internet access and distribution of mobile games.
On the other hand, International Data Corporation states that video games surpassed the industry in revenue cinema and music together, strengthening its position as the most popular form of entertainment on the planet. Some statistics revealedindicate:
- Video games have given rise to amazing figure 192.7 billion dollars in 2022, and books, the next industry on the list, reached 120.1 billion..
- Cinema and music came in last place with 99 billion. $25.9 billion respectively.
- In Europe, Spain is positioned as fifth video game market most importantly, with a total turnover of $2.176 million in 2022.
- Globally, the US and China dominates this sectorwhich is almost 50% of total income.
With this in mind, video games are becoming a movement that in the futurewill have a much higher percentage arrived.
What is driving this unstoppable growth of the video game industry?
Nintendo games are designed to be easy to play and have a style that appeals to fans.
There are many factors that made the gaming industry grow globally from an economic point of view, basically the following:
- Distribution of mobile games: Smartphone and tablet sales grew 25% in 2022, generating $87.7 billion, driven primarily by micropayments, especially in the Asia-Pacific region.
- New business models: Subscriptions to online services such as PlayStation Plus, Xbox Live Gold and game streaming platforms have proliferated, generating recurring revenue for the industry.
- Esports on the rise: Esports has become a global phenomenon, attracting millions of viewers and generating significant revenue through sponsorships, broadcast rights and merchandising.
In addition to what has been mentioned, new live-action video game adaptations, both TV series and cinematic world. This helped some releases reach other audiences that weren’t interested in the gaming world. attracted the attention of many people.