PROJECT-DESCRIPTION: The gaming industry as we all known today is a $200 billion Net value behemoth that is constantly pushing beyond the boundaries of technology and entertainment of our globe. There are an estimated 2.5 billion gamers worldwide fueling the video game market nowadays. According to Newzooâ€™s â€œGlobal Games Market Report 2019 | Light Version,â€ the Asia-Pacific gaming market accounted for 47% of global game revenues in 2019 last year. The intense battle over console gaming is being waged by Microsoft (Xbox), Sony (Playstation) and Nintendo, with Google acting as a new competitor with their cloud-based gaming platform, Stadia. The video game industry is the economic sector involved in the development, marketing, and monetization of video games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide. As of 2019, video games generated sales of US$151.2billion worldwide, and as for 2020 it was estimated to generate over 159.3billion before the year ends. The video game industry is growing so fast that some believe it will reach over $300 billion by 2025. With billions of dollars in profit and over 2.5 billion gamers around the world, we can expect video game platforms to continue developing in 2021.
Nov 14th, 2020 04:50:04
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