The global pandemic has had an impact on almost every industry, including the gaming sector. Despite facing challenges such as remote working and supply chain disruptions, the gaming industry has shown a positive trend with a projected 9.3% increase in global games market revenue compared to 2019. Mobile and casual gaming has also risen during the pandemic, with mobile game downloads reaching a record high. Gaming has also played a role in assisting people in coping with stress and anxiety, with a study revealing that video games can be beneficial for mental health. The industry is expected to continue its success.
Gaming Industry Shows Positive Growth Despite Global Pandemic
The Impact of COVID-19 on the Gaming Industry
The global pandemic has affected almost every industry, including the gaming industry. With people spending more time at home due to lockdowns and social distancing measures, the demand for video games has significantly increased. However, game developers and publishers face several challenges such as remote working, delayed release schedules, and supply chain disruptions.
Positive Growth in the Gaming Industry
Despite the challenges brought on by the pandemic, the gaming industry has shown a positive growth trend. According to a report by Newzoo, the global games market is expected to generate $179.7 billion in 2020, representing a 9.3% increase from 2019. Additionally, the report states that online gaming revenue is projected to increase by 7.3% to $77.2 billion in 2020.
Rise of Mobile and Casual Gaming
The pandemic has also led to a rise in mobile and casual gaming. With people spending more time at home and on their devices, mobile games have become a popular form of entertainment. According to App Annie, mobile game downloads reached a record high of 13 billion in Q2 2020.
The Impact of Gaming on Mental Health
Gaming has also played a role in helping people cope with the stress and anxiety brought on by the pandemic. A study by the Oxford Internet Institute found that playing video games can be beneficial for mental health. The study revealed that people who played video games had better psychological well-being and were less likely to experience feelings of loneliness or depression.
Conclusion
The gaming industry has shown remarkable resilience and growth despite the challenges brought on by the pandemic. With the rise of mobile and casual gaming, as well as the positive impact on mental health, the industry is poised for continued success.