The gaming industry saw record-breaking sales of $120 billion in revenue in 2020, a 12% increase from the previous year, according to a report by SuperData. Mobile gaming generated $73.8 billion in revenue, a 10% increase from the previous year, due to lockdown and restrictions encouraging people to spend more time at home. Esports generated $1.1 billion in revenue, a 15% increase from the previous year, with live sports events cancelled due to the COVID-19 pandemic. PC and console gaming generated $54.6 billion in revenue, holding steady. The continued growth of mobile gaming and esports suggests further success in the gaming industry.
Gaming Industry Hits $120 Billion in Sales in 2020
Introduction:
The gaming industry has witnessed stellar growth over the past few years, and the trend continued in 2020 as well. Despite the disruptions caused by the COVID-19 pandemic, the industry has managed to achieve record-breaking sales.
The Stats:
According to a report by SuperData, the gaming industry generated a whopping $120 billion in revenue in 2020 alone. This represents a 12% increase over the previous year. This significant growth can be attributed to the rise of mobile gaming and the popularity of esports.
Mobile Gaming:
Mobile gaming has been a dominant force in the gaming industry for the past few years, and the trend continued in 2020 as well. With people spending more time at home due to lockdowns and restrictions, mobile games provided a perfect escape. The report indicates that mobile games generated $73.8 billion in revenue in 2020, representing 10% growth over the previous year.
Esports:
Esports has emerged as a significant player in the gaming industry over the past few years. With live sports events canceled due to the pandemic, esports provided the perfect alternative. The report indicates that esports generated $1.1 billion in revenue in 2020, representing 15% growth over the previous year.
PC and Console Gaming:
The report also revealed that PC and console gaming held steady in terms of revenues. While some segments of the industry, such as VR gaming, saw a decline, the overall sales remained strong. PC and console gaming generated $54.6 billion in revenue in 2020.
Conclusion:
The gaming industry has proved to be resilient in the face of an unprecedented crisis. With the continued growth of mobile gaming and esports, the industry seems poised for more success in the coming years.