Newzoo: Games revenue will surpass $200 billion in 2022

A Newzoo report predicts that games market revenue will hit another record high this year. It also predicts that the U.S. will surpass China in games revenue, though only by a small margin. In other revenue-related news, mobile gaming revenue will likely surpass $100 billion for the first time this year.

Gaming revenues are projected to hit $203.1 billion via consumer spending this year. Gaming has seen a massive spike in revenues in the last few years, likely driven by the pandemic. According to Newzoo’s report, player numbers will also hit a record high this year — 3.09 billion players, specifically. Newzoo also predicts the market will reach $222.6 billion in 2024.

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Rachel Kaser

Rachel Kaser is a gaming and technology writer for from Dallas, Texas. She's been in the games industry since 2013, writing for various publications, and currently covers news for GamesBeat. Her favorite game is Bayonetta.