The total revenue of the gaming industry will reach an incredible $300 billion over the next three years

The gaming industry is evolving rapidly, with free-to-play games and microtransactions becoming more common. Despite the rising cost of consoles and games, gamers are adapting.

Here's What We Know

Global gaming revenue is forecast to exceed $300 billion by 2027, growing at a CAGR of 9% from $199 billion in 2022 to $307 billion in 2027. Young gamers (13-17 years old) now spend 40% more time playing games than watching TV.

Significant investments, such as Microsoft's acquisition of Activision, are driving growth in all areas, including esports and mobile gaming. Streamers and gaming influencers are becoming multimedia stars, attracting millions of viewers and significant revenues.

With the advancement of technology and the release of anticipated games such as GTA 6, the gaming industry is poised to surpass film, music and television in terms of value and influence.

Source: insider-gaming