How much money do video games make a year?
Sarah Martinez
Published Jan 12, 2026
Reports show that the video game industry revenue was $78.61 billion in 2017. According to stats on the video game industry revenue by year, the market is forecast to grow at a rate of 2.29% annually from 2020 to 2024. This will result in an expected market volume of $100.56 billion by 2024.
How much did video games make in 2020?
Global videogame revenue is expected to surge 20% to $179.7 billion in 2020, according to IDC data, making the videogame industry a bigger moneymaker than the global movie and North American sports industries combined.
How much money did the game industry make in 2020?
Game hardware revenues achieve a new high of £2.26bn. As lifestyles adjusted to new circumstances, many people invested in new and upgraded game hardware in 2020, leading to a £2.26bn record year for sales, up +60.8% across all categories according to data supplied by GfK Entertainment.
How much money did video games make in 2019?
Washington, DC – January 23, 2020 – U.S. video game content generated $35.4 billion in revenue in 2019, a 2 percent increase over 2018*, according to new data released today by the Entertainment Software Association (ESA) and The NPD Group.
Is gaming industry profitable?
Over half a million daily active gamers spending 30- 45 minutes on gaming platforms. According to a KPMG report, India is already the largest emerging market when it comes to gaming app downloads. Gaming industry is expected to witness a rise in revenue $1.1 billion by 20214.
What is the largest video game company?
Activision Blizzard remained untouched as the biggest video game company worldwide with a market cap of nearly 75.2 billion U.S. dollars. The company owns five business units: Activision Publishing, Blizzard Entertainment, social gaming brand King, Major League Gaming, and Activision Blizzard Studios.
How big is the video game industry in 2020?
According to a recent report by Newzoo senior market analyst Tom Wijman, the global gaming market will generate $159.3 billion in revenue in 2020. That would be 9.3 percent year-over-year growth. What’s more, Newzoo projects the industry to surpass $200 billion in revenue in 2023.
How much is fortnite worth in 2020?
Fortnite revenue
| Year | Revenue |
|---|---|
| 2018 | $5.4 billion |
| 2019 | $3.7 billion |
| 2020 | $5.1 billion |
How much does the US video game industry make?
This statistic contains data on the total retail revenue of the U.S. video game industry. In February 2020, the revenue in the United States amounted to approximately 755 million U.S. dollars. When looking at particular segment revenues, accessories is the lowest performing segment at retail overall.
What’s the size of the global games market?
We forecast that 2020’s global games market will generate revenues of $159.3 billion, a healthy year-on-year growth of +9.3%. In this article, we’ll explore the 2020 revenues for mobile, PC, and console gaming.
Which is the highest grossing video game franchise?
To visualize this success, today’s infographic from TitleMax lists the top 50 highest-grossing video games franchises. While this feat is impressive on its own, the way many of these franchises generate their revenue may come as a shock.
How much time do people spend playing video games?
Right now they are dedicating 7.1 hours weekly playing their favorite titles. It may double by 2021 with cloud gaming. The new industry rules following a free-to-play model and the growth of subscription cloud services demand new monetization pathways from the game developers.
