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.