By Gaming Industry Milestone: $200 Billion In Revenue And More Than 3 Billion Players
June 29, 2022 (Investorideas.com Newswire) The gaming market continues to expand at a rapid pace. This year alone the industry is expected to generate more than 200 billion US dollars in revenue. Another important milestone is expected to be passed: over 3 billion gamers around the globe.
As shown in a new infographic from Block-Builders.net, around 47% of global revenue from the gaming market is generated in the Asia-Pacific region. The second largest market is North America, followed by Europe, Latin America, the Middle East, and Africa.
A look at relative growth rates shows that gaming is gaining ground in the Middle East and Africa. Turnover there is expected to be 12.9% higher than in the previous year. There is also strong growth anticipated in Latin America at 10% (Europe: 6.3%).
Global turnover in 2020 was still US$179 billion. Market observers expect this figure to reach US$222.6 billion by 2024.
Despite this considerable growth, gaming stocks have a mixed record in terms of performance. Ubisoft, for example, lost 27.4% of its value in the 12-month review, and the VanEck Gaming ETF (A2PLDF) is also down 21.5%. However this does not seem to be the result of a weakening market.
Instead, these stocks have been running hot in the wake of the pandemic, and the latest slide on the stock exchange floor is doing the rest. A look at another period shows just how successful game creators have been. By way of example, the aforementioned ETF has gained 59.7% over a 3-year period.
The current slowdown is also having an impact on investor interest. Demand for gaming stocks is currently very low, as evidenced by Google search engine data – making this a potentially good time for long-term investors to enter the market.
The full story with the infographic, facts and more statistics:
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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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