Gaming market to earn $132 billion by 2021

The global video games market will earn $132 billion in 2021, analyst firm predicts.

@DeekeTweak
Published Wed, Sep 27 2017 5:24 PM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST

The global video games market will exceed $130 billion in revenues by 2021, analyst firm Juniper Research forecasts.

Gaming market to earn $132 billion by 2021 | TweakTown.com

The billion dollar video games industry is poised to pull in $132 billion by 2021, according to a new report by Juniper Research. Unsurprisingly, the firm forecasts that the mobile gaming segment will earn the lion's share of these revenues thanks to the lucrative free-to-play gaming market, which typically monetizes gamers in the form of in-game purchases and lootboxes. According to IHS Markit analyst Piers Harding-Rolls, the console and PC gaming segment has made a smaller impact on total yearly earnings compared to mobile.

For the immediate future, analyst firms like SuperData predict the games industry will break $100 billion in revenues in 2017. The global interactive media market, which includes video games software, esports, streaming monetization, and virtual reality, is expected to peak at $104.6 billion in 2017, the firm says.

Research firm Newzoo forecasts the market's 2017 earnings to be a little higher at $108.9 billion, and expects the industry to make $128.5 billion by 2020. Newzoo expects mobile, which includes tablet and smartphone games, to make 39% of 2017's revenues or $38.6 billion. By 2020 mobile is expected to make up 50% of the industry's revenues or $64.9 billion.

Fun fact: CD Projekt RED expects to release its massively anticipated Cyberpunk 2077 by 2021, as well as a new AAA RPG. If this happens I predict Cyberpunk 2077 will be a massive mover for the PC and console segment.

NEWS SOURCE:prnewswire.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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