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There s an obvious reason behind the fall on May 12, 2021, 9:11 In brief: A new report predicts that the games market will decline in 2021, but there’s no need to worry the fall can be blamed entirely on the pandemic. The industry is expected to rebound fast, passing the $200 billion milestone in 2023. In its latest games market estimates report, Newzoo predicts that 2.9 billion players worldwide will help the global games market generate $175.8 billion this year. That marks a decline of 1.1% compared to 2020, the first recorded fall the analytics firm has recorded. A year-over-year decline would be a concern for any industry, but as we all know, 2020 was an unprecedented year. The pandemic and resulting restrictions saw the number of people opting for home-based entertainment skyrocket, and the arrival of the PS5 and Xbox Series X/S gave the games market a further boost. It generated $177.8 billion last year, up a massive 23.1% YoY.

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