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Gamasutra - Press Releases- Global Games Market to Generate $175.8 Billion in 2021. Despite a Slight Decline, on Track to Surpass $200 Billion in 2023


 
[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource Games Press.]
Last week, we published our latest games market estimates for subscribers to our Global Games Market Report. We forecast that
2021’s global games market will generate revenues of $175.8 billion, a small year-on-year decline of -1.1%. By the end of the year, there will be
2.9 billion players worldwide.
This is the first time in Newzoo’s history that we forecast the games market to decline. In this article, we’ll explore the reasons and why this decline is no cause for concern for the games market’s long-term prospects. ....

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