How much is this industry worth?

The gaming industry has grown by leaps and bounds ever since its humble beginnings in the early 1950’s. Every year, the new games and genres are introduced along with a whole gamut of electronic paraphernalia that cater to this experience. Enhanced technological solutions and fresh revolutionary ideas keep the video game industry thriving .
Millions of dollars is pumped in to keep the consumer happy and ever on the look out for new trends in gaming. And this industry gives as much as it takes. A recent study done in 2018 came back with jaw-dropping numbers and facts. The gaming industry had raked in profit worth almost 135 billion dollars. That’s nearly 18% more than the previous years.

How much is this industry worth?

If you’ve got a family member or friend who is very much into gaming ,you might just have a glimpse of how much revenue this industry can bring in.

The genesis of gaming might’ve been just a dot in the universe of entertainment. It is now a vast galaxy . It boasts a global audience. It boasts steady growth. The numbers involved are in billions. The statistics are simply mind-boggling.

What Generates this Huge Revenue?

• The video gamers bring in a huge percentage of revenue. The numbers of active gamers globally lies anywhere between 2.5 to 3 billion.
• Sales of consoles, DVD’s , joysticks, game controls and all other paraphernalia of gaming.
• Sales of smartphones, smart –watches and tablets are taking over the market.
• The transition of interest from PC games to mobile gaming is up by nearly 76% .People prefer playing online games with the comfort of a mobile phone rather than having to lug around the laptop or depend on a PC.
• In spite of various regional restrictions and freezing of licenses , the Asia-Pacific region brings in the most revenue with China topping the list.
• Games like PUBG and DOTA 2 have the highest number of players with numbers reaching up to a minimum of 500,000 to 3 million an hour.
• Sponsors and advertisers have a mutually benefitting relationship with online gaming world.
• In-app purchases make a steady contribution with players having to pay to unlock levels in a game.