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.”
In the first half of the year, video game sales were up to $28.9 billion – up 15% year over year, according to the NPD Group.
According to the NPD Group, video game sales were 30% in the first quarter of the year rising to $14.92 billion. “Video game content (which includes new games, expansions, and DLC) went up by 25% to a total of 12.8 billion, while video game accessories (including microtransactions) went up 42%,” reports The Gamer.
For the second quarter, gaming sales totaled $14 billion — a 2% increase year over year.