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Gaming industry worth $300 bil after pandemic surge: study
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The value of the gaming industry has topped $300 billion following a pandemic-fueled surge, with some 2.7 billion players worldwide, a research report said Thursday. The study found the gaming industry has increased by half a billion players in the past three years, and predicts more than 400 million new gamers are expected by the end of 2023.
WASHINGTON, UNITED STATES The value of the gaming industry has topped US$300 billion following a pandemic-fueled surge, with some 2.7 billion players worldwide, a research report said Thursday.
The Accenture report said the gaming sector is worth more than the combined markets for movies and music, driven by gains in mobile gaming and an emphasis on making connections during a time of pandemic social distancing. The emergence of new gaming platforms and changing demographics are pushing gaming businesses away from being product-centric to becoming experience-oriented platforms, said Seth Schuler, managing director at Accenture s software and platforms industry group. The study found the gaming industry has increased by half a billion players in the past three years, and predicts more than 400 million new gamers are expected by the end of 2023.