More people in the world will play video games this year than ever before, but the amount of money spent on gaming will decline, according to aAfter video games boomed during the first two years of the pandemic, Newzoo calls this the first drop in revenue since it began tracking the industry more than a decade ago.$184.4 billion in revenue The research firm says mobile gaming, which constitutes half of the global market, is the “primary driver” of the unusual revenue decline.
The mobile drop more than offsets slight growth in PC gaming and a smaller dip in console gaming, where the pandemic has wreaked havoc with development schedules and hardware supply.for the dip in mobile, including the easing of pandemic lockdowns giving people more spending options, as well as inflation pressure spooking people from spending.for $12.
And the market overall is expected to grow again soon, reaching 3.5 billion players and generating $211 billion by 2025.Newzoo calls 2022 a “a corrective year for the games market following two years of lockdown-fueled growth.
Source: Gaming Daily Report (gamingdailyreport.net)
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