Newzoo is widely regarded as the most trusted source of game analysis and market research. The company has released its forecasts for the global gaming market in 2021 and this year. According to Newzoo, the global gaming market will generate approximately $175.8 billion. According to forecasts, sales in 2021 will be 1.1% lower than the same period last year. The company stated that this decline was due to the multiple effects of the COVID-19 pandemic.
The company also said that due to the global shortage of equipment and consumer electronics caused by the pandemic, the market will also be down. Despite the heavy losses, the industry will soon make up for the need to exceed $200 billion in revenue by 2023. Due to the pandemic, many launches were supposed to have been postponed to 2022. The market will reach $175. It will be 8 billion in 2021, which is higher than 177.8% in 2020. Newzoo game leader Tom Weyman (Tom Weyman) also said in an interview that this decline is not large, but the market will soon make up for this loss.
Newzoo believes that given the global shortage of semiconductor chips and Apple’s latest data protection updates, it will be difficult to beat last year’s numbers, but this decline will certainly not undermine many of the upcoming plans for the gaming industry. He said that by 2023, the global game market will exceed $204 billion. In 2021 this year’s game market will reach 175.8 billion US dollars, mobile games will account for 90.7 billion US dollars, smartphone games will account for 79 billion US dollars, smartphone games will account for 35.9 billion US dollars, of which PC and 33 US dollars.
Revenue from downloading games for personal computers was US$3 billion, revenue from tablet games was US$11.6 billion, and revenue from game consoles was approximately US$49.2 billion. Weiman said that last year, due to isolation, they saw a surge in the market. People from all over the world gained a lot of interest in games and continued to play games. This time the company will always see a slight downturn. They have also been reluctant to solve the declining market problems because they are expected to see huge growth in the next few years. Since they started tracking profits in 2012, they found that the gaming market totaled $177.8 billion in 2020, an increase of 23.1% from 2019. Newzoo saw the biggest growth in the gaming market in 2020.
The company has released its forecasts for the global gaming market in 2021 and this year. The company also said that due to the global shortage of equipment and consumer electronics caused by the pandemic, the market will also be down. Despite the heavy losses, the industry will soon make up for the need to exceed $200 billion in revenue by 2023.