Newzoo says there are 2.7 billion gamers in the world.
Newzoo says there are 2.7 billion gamers in the world.
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Newzoo: 2.7 billion gamers will spend $159.3 billion on games in 2020

The world’s 2.7 billion gamers will spend $159.3 billion on games in 2020, according to a forecast by market researcher Newzoo. By 2023, the game market will surpass $200 billion.

That spending level represents 9.3% growth compared to 2019, and it includes revenues for mobile, PC, and console gaming. Newzoo expects revenues for games to grow at a compound annual growth rate of 8.3% (that is, 8.3% growth per year), resulting in revenues of $200.8 billion by 2023.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.