The gaming industry has seen strong growth in 2020 thanks to the COVID-19 pandemic. With the isolation introduced in most countries, games have become the most popular form of entertainment. This led people who had never known the game to begin to embrace this culture.
Consumers are now turning their attention to other forms of entertainment, including theaters, cinemas, restaurants, and other establishments. Therefore, in 2021, the gaming industry is experiencing a slight decline in user interest.
Analysts at Newzoo predicted a slight decline in gaming industry revenues this year. It is expected to generate $175.8 billion in revenue, up from $177.8 billion in 2020, up 23.1% from 2019.
Newzoo also expects to grow to $ 204.6 billion in 2023, up from an initial forecast of $200.8 billion.
