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Some of the favorite video game genres in 2020 included action, strategy, and action-adventure. Game Insight’s Big Business Deluxe is a game for iOS and Android mobile platforms that allows you to be a business tycoon, albeit in the world of mobile gaming.
While 24 percent don’t play video games at all, almost 18 percent spend more than six hours per week playing video games. Statista’s exclusive Global Consumer Survey holds further information on the video gaming habits of U.S. Sony’s PlayStation 4 is the bestseller among current generation consoles and, in 2020, the unit sales of the PlayStation 4 reached more than 112 million units. Some of the major players in the video gaming industry are Tencent, Sony and Apple, each generating billions of dollars in revenue every year, making them some of the most successful public companies in terms of gaming revenue. In fact, it was found that video gaming is gaining popularity among parents across the world as well, with a fairly even split in terms of the gender distribution of video gaming parents worldwide. Despite the high average daily time spent playing games among kids, the hobby can no longer be considered solely child’s play. What is significant nowadays is that the first generation of gamers is now grown up and has significant spending power at its disposal. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S.
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In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. Allied eSports funded another arena in Oakland, California the following year, and a Thai conglomerate, Infofed, set up their stadium in Bangkok the year after that.Video games are a billion-dollar business and have been for many years. Ratnas Big Business Board Game Freeoffer 26 Property Cards and 2 Blank Cards A game of buying, selling, banking and mortgaging Curiosity, Problem Solving. The first of these dedicated stadiums was built in Santa Ana, California, in 2015 - and has a capacity of 1,400 people. In 2013, the League of Legends World Championship sold out the Staples Center in Los Angeles - pulling in a crowd bigger than Beyoncé would attract at the same venue just months later.Īs a result of a popularity still on the rise, more and more money is being funnelled into the construction of bricks-and-mortar esports arenas. For years, stadiums hosting esport events have been selling out. The entrepreneur reveals that the 2018 League of Legends Championship had a reported viewership of 200 million - more than the 2019 NFL Superbowl - and that the global audience isn’t far off half a billion fans.īut this audience is looking for a more immersive experience than that of logging on to YouTube or Twitch can provide.
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“Being a professional esports player requires the same amount of time and skill as regular sports players, and the experience requirements for these players to manage themselves or find new business opportunities is difficult.”Īnd the appeal of esports is stretching beyond the screens of laptops, says Hambro. “There will also always be a need for managers and agents in esports,” Hambro continues. Upcomer informs audiences about the news within the industry, and companies like Gameye provide infrastructure to developers to ensure their tournaments run smoothly.” “New platforms such as FaceIT have helped players turn professional and they work directly with the teams to recruit. Hambro, whose company provides insights and analytics on esports teams, players and tournaments - as well as educating brands and identifying new sponsorship opportunities that match their demographic and company objectives - goes on to explain that investment isn’t the only way to make money in the esport industry.
“Due to the high-growth forecasts of the industry,” says Charles Hambro, of Checkpoint.Group, “and the similarities to traditional sports, it’s become an attractive investment for even traditional investors.” Every major video game developer, from Valve to Epic Games, hosts its own international esports tournaments - and brands including Microsoft, Red Bull, New Balance, Coca Cola and Intel have all uploaded money into the industry. And Formula One isn’t the only global corporation to get involved.
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