Video gaming is taking off like never before, with no signs of slowing.
In fact, the industry could be on course to pass the $200 billon market in the next two years, according to Newzoo. Better, Take-Two Interactive CEO Strauss Zelnick, as quoted by GameSpot, “Interactive entertainment is now the number one entertainment vertical in terms of revenue, and I guess people still don’t fully realize that. And a good deal of that growth was driven by people either discovering or rediscovering interactive entertainment and its social aspects during the pandemic. And what we’ve found is that while certain trends should be expected to moderate, that shift is permanent.” That could be substantial news for companies such as Enthusiast Gaming Holdings Inc. (TSX:EGLX) (NASDAQ:EGLX), Amazon.com (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT), Netflix (NASDAQ:NFLX), and Facebook.com (NASDAQ:FB).
The world of gaming has never been as exciting as it is right now.
After a record setting year, the NPD Group says gamers just spent another record $5.61 billion in March – an 18% jump from $4.75 billion year over year. Even better, four months into 2021, video game sales are up to $19.6 billion, which is 21% higher than the first four months of 2020, says the NPD Group, as reported by Venture Beat.