Global Gaming Market Projected to Reach $184 Billion by 2022, According to Newzoo

Newzoo's latest report predicts the global gaming industry will yield $184 billion in revenue by 2022, marking a 4% decline from the previous year. The PC gaming sector is also anticipated to experience a downturn, with projected earnings of $2 billion, representing a 16% decrease. A comprehensive analysis of the global gaming market's segments has been provided by the intelligence firm. The decline in mobile gaming expenditure is attributed to the recession's impact on disposable income. In contrast, cloud gaming is expected to generate $2.4 billion in revenue from over 30 million paying subscribers this year. The virtual reality gaming market is projected to reach $2 billion in 2022, with anticipated growth to $3.2 billion by 2024. Looking ahead, Newzoo forecasts the gaming market to reach $211 billion by 2025.