WASHINGTON – January 22, 2019 – The U.S. video game industry generated a record $43.4 billion in revenue in 2018, up 18 percent from 2017, according to new data released today by the Entertainment Software Association (ESA) and The NPD Group. Video game industry revenue growth should continue through 2022 at least, researchers say, when video games are projected to bring in a staggering $196 billion. New gaming consoles are coming out during the 2020 holiday season from both Microsoft and Sony, but analysts predict that these won’t prevent mobile gaming from taking first place as the main source of income for the industry. The video game industry is growing with new products and technology and could be worth nearly $138 billion by the end of the year. "The initial purchase of a game is just the beginning of a game's 50 Years of Gaming History, by Revenue Stream (1970-2020) View a more detailed version of the above by clicking here. Every year it feels like the gaming industry sees the same stories—record sales, unfathomable market reach, and questions of how much higher the market can go. Software revenue of the U.S. video game industry 2017-2019 All-time best selling console games worldwide 2021, based on unit sales All time best-selling PS4 video games worldwide as of 2020, by In August 2019, the video game industry revenue in the U.S. amounted to 666 million U.S. dollars. What is very specific to the industry at large, is that all sales, and in turn the highest The global video game market size was valued at USD 151.06 billion in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.9% from 2020 to 2027. Technological proliferation and innovation in both hardware and software are expected to be the key factors driving the growth Game console revenue, which includes the hardware and all game software and services, is expected to rise 20% world-wide compared with 2019, to $52.5 billion, according to Ward. According to analysts, the total revenue of the entire gaming industry in 2020 will amount to $179.7 billion (an increase of 20% year-on-year). Mobile market. Mobile gaming accounted for $87.7 billion of the total revenue generated by the gaming industry (an increase of 24% year-on-year). The video games market could become a $300 billion industry by 2025, with the growth of mobile gaming and innovative offerings, like cloud gaming, according to a new report from GlobalData. In 2018…
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