• By: Khalid Abu Altool
  • Posted on Monday 18th May, 2020
  • 350 views
Video Gaming Industry: Growth and Trends

When most people think about gaming, they tend to think about it as a leisure, a pastime for recreation. But an in-depth view will lead to some shocking discoveries, gaming today is a behemoth of an industry that dwarfs all other entertainment sectors.

In 2018 the film industry generated about $41.7 billion in revenue, a number that doubles the $19.1 billion created by the global music industry, both numbers don't even compare with the staggering $152.1 billion of gaming revenue.

Video Gaming Industry: Growth and Trends

Further inspection will reveal more striking facts about gaming revenue, as most of the people will consider that revenue is mainly generated from the big console games. The reality is that mobile gaming alone is netting 45% of total revenue from games, with titles like PUBG, Fortnite, Clash Royale, and Clash of Clans each making more than $1Billion in a single year.

This all unprecedented in gaming with the growing processing power of mobile devices and a global rise in gamers. added to that the ingenuity of game developers that stopped charging people for money to get in, giving rise to the "Freemium Games", which are games free to play but you can get skins to customize your character for a small fee that adds up to the billions of Fortnite and PUBG.

Another aspect to consider in gaming is the rise of streaming, with dedicated streaming platforms like Twitch and DLive making huge profits from ever-faithful gaming enthusiasts watching their favourite gamers.

2019 Fortnite World Cup

All this gave rise to competitive tournaments of world best gamers, where people flock to see great skills and rally behind their favourite gamers, the amount of money involved in these tournaments is unimaginable ten years ago. The last The International 9 'Dota 2' Tournament Prize Pool had exceeded $30M, almost the same amount as the 2019 Fortnite World Cup, this is in comparison to $42M and $45M for the Roland Garros and Wimbledon the most famous tennis tournaments.

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