The Video Gaming Industry was estimated to be worth $178.73 Billion in 2021, which is an increase of 14.4% from 2020.
This is a marked difference from what was predicted in 2016, forecasting a total worth of $90.07 Billion for the same period – a huge 76.8% difference between the two figures demonstrating that we could see a further acceleration in growth.
Previous forecasts were estimating the video gaming industry to be worth $268 Billion by 2025.
Gaming remains a mainstream hobby and the global pandemic only added to that fire. Since those dark days, global video game industry revenues were set to exceed 200 billion U.S. dollars in 2022. The rate at which we are seeing the gaming industry boom each year could mean the estimate above is actually pretty modest.
Asia leads the way in terms of the volume of gamers. In a recent study by DFC Intelligence in August 2021, they found that Asia accounted for 1.48 billion gamers out of a total of 3.2 billion gamers worldwide. Put another way 45% of gamers are based in Asia with gamers based in Europe taking place at 22% (or 715 million) of the total.
Value by Region
Growth in Gamers by Year
Gamers by Region
We explore how the COVID-19 pandemic has affected the gaming markets.
This section explores all the top regional gaming statistics.
Over the last decade, we have seen a clear upwards trend in sales of DLC in video games.
In fact, the DLC market value increased by 121% between 2010 – 2017, and this trend is predicted to continue to rise.
This has been further illustrated by the ongoing rise of gamers putting money into microtransactions, with almost 50% of gamers having done this in 2021.
As the DLC market share rises, the package market falls alongside it; in 2011 it took a solid 80% of market share, falling to just 46% in 2017 and continuing to fall ever since.
Sources: Capcom, The ESA, Statista
PC is still the most popular platform for game developers with 56% developing games for the platform in 2020.
When it comes to consoles, Sony is still managing to beat Microsoft in terms of game development focus with 25% of developers focusing on the PS4 over 23% on the Xbox One.
This trend continues when we look at next-gen consoles with 11% working on PS5 games over 9% working on Xbox Series X.
Despite PC gaming coming top for developers, Mobile gaming is the most popular platform for users with 48% of players now regularly engaging in mobile gaming, and console gaming outperforming PC gaming in terms of the global games market.
Sources: NewZoo, GDC
If you’re looking for the best game ever made, Legend of Zelda: Ocarina of Time still holds the title according to Metacritic having achieved a near-perfect score of 99/100, although Tony Hawks Pro Skater 2, GTA 5, and SoulCalibur all give it a run for its money. In 2020 Persona 5 Royal took the best game of year, with a 95/100.
When we look at a genre breakdown of video game sales, we can see that Action games hold the top spot with a 26.9% market share followed by Shooters at 20.9%, and Role-playing games at 11.3%.
When it comes to the best-selling games of all time, the Pokemon franchise is still ruling the charts with an impressive total sales figure in excess of $90 Billion. Everyone’s favorite plumber comes in second with a much lower $30.25 Billion followed by Call of Duty with $17 Billion.
Sources: TitleMax,Statista, ESA, Metacriti