How many jobs does the video game industry provide?

Supports nearly 1.8 million jobs across the country The gaming industry supports a total economic impact including: $261.4 billion of output (business sales) 1.8 million jobs with $74.0 billion of labor income (wages, salaries, tips, benefits and other labor income)

How big is the video game industry 2021?

The Gaming Market was valued at USD 198.40 billion in 2021, and it is expected to reach a value of USD 339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.

How big is the video game industry?

Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars.

How big is the video game industry compared to other industries?

Very much so. Video game sales statistics show that gaming industry revenue dwarfs all other entertainment industries combined. For instance, the global box office revenue in 2018 amounted to $41.7 billion, while the gaming market generated $151.2 billion.

How many people are employed in gaming industry?

In 2022, the number of people employed in the gaming sector is estimated to reach over 40 thousand people across India. This figure was around 25 thousand as of 2017, indicating a massive growth potential in the sector over the next decade.

Is the gaming industry the biggest industry?

The video game sector is immensely large. In fact, it is larger than the movie and music industries combined, and it is only growing. Though it doesn’t get the same attention that the movie and music industry does, there are over two billion gamers across the world. That is 26% of the world’s population.

Is the game industry growing?

The video-game industry could be one of the greatest beneficiaries of the pandemic, growing 23% in 2020 from the year prior. Though growth probably won’t be as explosive in future years, research firm Newzoo still predicts that revenue will reach $219 billion by 2024.

Who dominates the gaming industry?

Sony Group Corporation Sony remains the biggest video game company in the world in 2022. The Japanese tech giant now makes most of its gaming revenue, which totaled $24.9 billion last year, with the PlayStation 5 which came out in 2020 and became the world’s most popular next-gen video game console.

Is the video game industry growing?

Is the video game industry growing or shrinking?

Report Overview. The global video game market size was valued at USD 195.65 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2022 to 2030.

Is gaming becoming less popular?

“Although we have seen a slight reduction in the percentage of Americans that play video games, we are still well ahead of the 73% we saw in 2019,” said Mat Piscatella, U.S. video games industry analyst for The NPD Group.