Videogames are a $180 billion industry. Let’s put that in perspective — that’s bigger than:
- The global film industry which posted $100 billion of revenue in 2019 before being decimated by COVID
- Sports in North America which notched revenues of $71 billion in 2019
- The pet industry, which had revenues of $103 billion in 2020
- Beauty & personal care products which had sales of $98 billion in 2020
Playing games on mobile devices is the biggest category, followed by consoles like Sony PlayStation, and then PCs.
Who plays video games? Seemingly everyone — it’s not just young males. Here’s demographic detail from Pew Research Center:
Esports — videogame competitions — is also a huge and rapidly growing industry. Check out the below stats on sports viewing from Syracuse University — esports ranks second in terms of viewship: