A report by Newzoo reveals that online gaming continues to surge, with over 2.7 billion active players worldwide expected to keep growing in the coming years. Mobile games account for over half of all gaming revenue, generating over $159 billion in revenue in 2020 alone, a 9.3% increase from the previous year. COVID-19 lockdowns significantly impacted the growth of the gaming industry as people turned to gaming as a way to pass the time and stay connected with friends and family. The industry is set to grow further with the development of new technologies such as virtual reality and cloud gaming.
Online Gaming Continues to Surge, Over 2.7 Billion Active Players Worldwide
Introduction
Online gaming has become an increasingly popular pastime for people around the world, and this trend is showing no sign of slowing down. According to a new report, there are now over 2.7 billion active gamers worldwide, a number that is only expected to grow in the coming years.
The Report
The report, which was published by market research firm Newzoo, highlights the ongoing growth of the gaming industry. In 2020 alone, the industry generated over $159 billion in revenue, a 9.3% increase from the previous year. This growth is largely fueled by the increasing popularity of mobile games, which now account for over half of all gaming revenue.
The Impact of COVID-19
The COVID-19 pandemic has also played a major role in the surge of online gaming. With people around the world stuck at home due to lockdowns and social distancing measures, many turned to gaming as a way to pass the time and stay connected with friends and family. This led to a significant increase in the number of people playing online games, and many believe that this trend will continue even after the pandemic subsides.
The Future of Online Gaming
Given the ongoing growth of the gaming industry, it is clear that online gaming will continue to be a major source of entertainment for people around the world. With the development of new technologies such as virtual reality and cloud gaming, the industry is poised for even more growth in the coming years.