PwC: Games grew 10% in 2020 and will grow 4.4% per year through 2025

Games are the gateway to younger consumers, and that became even more obvious during the pandemic. Games grew revenues 10% in 2020, according to professional service firm PricewaterhouseCoopers (PwC). The game industry is forecast to grow at a 4.4% compound annual growth rate through 2025.

That’s a healthy growth rate, considering the movie theater box office revenues fell 71% in 2020 and the overall global entertainment and media industry fell 3.8% in 2020 to $2.0 trillion, a shrinkage of more than $100 billion (though this should bounce back somewhat as the pandemic abates, as Black Widow‘s opening box office shows) By comparison, the global economy shrank 5.1% in 2020, according to the PwC annual Global Entertainment & Media Outlook, which provides five-year outlooks for 14 entertainment and media segments across 53 territories.