Of the 2.7 billion gamers projected to play in 2020, 2.6 billion will play on mobile devices. But only 38% will pay to play games on mobile. — William Iven/Pixabay
With video gaming and esports one of the most ready-made transitions for sports fans during the coronavirus-induced shutdown, projections for industry-wide revenue are up. Way up.
According to a recent report by Newzoo senior market analyst Tom Wijman, the global gaming market will generate US$159.3bil (RM690.17bil) in revenue in 2020. That would be 9.3% year-over-year growth. What's more, Newzoo projects the industry to surpass US$200bil (RM866.5bil) in revenue in 2023.
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