• Team
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
  • Submit Guest Post
  • Editorial Policy
Nilsen Report
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health
No Result
View All Result
Morning News
No Result
View All Result

The gaming market will hit $200B in 2024 – Report

Kanish Parihar by Kanish Parihar
July 8, 2021
in News
0
Gaming Market
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The gaming market will hit $200B in 2024 – Report

 

Covid times have given us all the time in the world to indulge in our favorite games. Since the onset of the pandemic, the worldwide gambling community has expanded multifold. Reports suggest that the gaming world will be valued at $175.8 billion by the end of 2021. What’s more, is in 2024, the figures are likely to exceed the 2023 threshold of $200 billion. Having said that, let’s try to understand the factors contributing to this bright future of the global gaming world.

READ ALSO

Homecoming season 3: Release date, Cast and Plot

The Curse of Oak Island Season 11: All you need to know

 

Surprisingly, more than half of gamers are pouring in from one region of the world. Here we are talking about the Asian Pacific region. Given that a large proportion of online users dwell in this part of the world, the numbers are relevant. Asia-Pacific is home to some regions with potential growth rates such as India as well as Southeast Asia. 

 

On the other hand, a myriad of gaming giants are shifting their focus to potential revenue areas. Two nations, Europe and North America are collectively accountable for nearly 40% of the total revenues from the online gaming industry. However, the number of gamers is relatively small in these regions. The Middle East, Africa, and Latin America will witness a rise in the player base due to several reasons like cheaper internet plans, the introduction of enhanced digital infrastructure, and a rising number of gamers. Hence, these regions are targeted by game companies for business prospects. 

 

 In 2021, the number of gamers will grow to three billion. Considering that the highest gamer population is emerging from the Asian Pacific, the region with a wide market accessible, over 90 percent of gamers have moved to mobiles from PCs and consoles. That certainly means that PC and console users have seen a decline. If we go with the figures, 1.4 billion and 900 million gamers are still using PC and console respectively for their entertainment purposes. 

 

In the lockdown period, a hundred thousand players became part of the digital space. It is right to conclude that more gamers will join in and make the global gaming community bigger and stronger. From the 2 billion mark in 2015 to an estimated value of 3.3 billion in 2024, the gaming industry is all set to achieve new milestones in terms of users and revenues. With changing times, players have become more flexible while playing online games and thus, the rules of the game are transforming rapidly with new gamers entering the market spaces. 

 

Thus, today, games are not limited to a source of entertainment, they have become more of a virtual party with peers and close acquaintances in Covid times. This media has opened up doors for human connection and inter-personal and social experience which the world is bereft of amidst this global mayhem. As long as there are gaming platforms like Joker123 , people can make the most of their time indoors while letting go of all the worries and stress that have engulfed us lately. 

 

Hence, there is so much to look forward to other than the revenue figures of the gaming industry. For instance, the metaverse trend that is going to shape the future of the gaming world. Stay tuned for more. 

 

Related

Related Posts

homecoming
Entertainment

Homecoming season 3: Release date, Cast and Plot

January 18, 2023
oak island
Entertainment

The Curse of Oak Island Season 11: All you need to know

January 18, 2023
BROKENWOOD
Entertainment

The Brokenwood Mysteries Season 9: When is it coming and other updates?

January 18, 2023
what is an information system
Tech

What is an information system? 4 types you should know about

January 18, 2023
Texas Metal Season 7
Entertainment

Texas Metal Season 7: Release date, Cast, and Plot updates

January 18, 2023
News

India officially becomes the world’s most Populous country

January 18, 2023
Next Post
demonic release date

Demonic Release Date, Cast & Plot

Popular News

stuck in snowy day

How to Make the Most of Your Time When Stuck Inside During a Snowy Day in Canada

January 18, 2023
luna park

Luna Park season 2: Release date, Cast, Plot and updates

January 18, 2023
World’s oldest known person Lucile Randon, dies aged 118

World’s oldest known person Lucile Randon, dies aged 118

January 17, 2023
ultimate

Ultimate Beastmaster Season 4: Release Date, Cast, and More Information

January 17, 2023

EDITOR'S PICK

avenue 5 season 2

Avenue 5 Season 2: Release date, Cast, Plot and all you need to know

June 10, 2022
american ultra 2

American Ultra 2: Release date, Cast and Plot

December 13, 2022
Release Date, Cast & Plot

Love Alarm Season 3: Release Date, Cast & Plot

May 13, 2022
The Most Popular Azart Online Casino Games in 2021

The Most Popular Azart Online Casino Games in 2021

September 23, 2021

About

Nilsen Report is an independent publication house which believes in bringing light to the latest News. We have explored nooks and corners of the world . This blog has well-crafted articles explaining the need-to-knows about the things happening around the globe.

Follow us

Categories

  • BEST RATED
  • Canada
  • Cover
  • Cover 2019
  • Design
  • Entertainment
  • Events Toronto
  • Fashion
  • Festival Season 18
  • Film Maker
  • forex
  • Games
  • HAMILTON
  • Health
  • Hip Hop
  • Home 10
  • International
  • Interviews
  • LifeStyle
  • MONTREAL
  • Movies
  • Music
  • News
  • Opinion
  • Sports
  • Tech
  • TORONTO
  • Travel
  • TV Shows/ Web Series
  • Uncategorized
  • VANCOUVER
  • Videogames
  • Viral
  • World Cup 2018

Recent Posts

  • test
  • Homecoming season 3: Release date, Cast and Plot
  • The Curse of Oak Island Season 11: All you need to know
  • The Brokenwood Mysteries Season 9: When is it coming and other updates?
No Result
View All Result
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.