The Asia Pacific region has the most number of gamers in the world with 1.4 billion.Gamers make up 26% of the world’s population.There are around 2.7 billion gamers in the world in 2020.Consumer spending on gaming accessories in Q2 of 2020 in the US reached $584 million.Consumer spending on gaming hardware in Q2 of 2020 in the US reached $848 million.That’s a 50.13% growth from the previous year’s Q2 figure of $797 million. Consumer spending on gaming content in the US in the Q2 of 2020 reached $1.02 billion for content.The average growth of the industry from 2015-2020 is 14.7%.
The value of the video games industry in the US was $60.4 billion.Tech giants like Apple, Google, and Facebook have all put their hats in. Thus, many companies have been keen on making their way into the industry. Even so, it is already larger than the movie and music industries combined. The video game industry is still growing.
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