The most popular store for hard copy video games was GameStop, while Amazon was the most popular store for digital/online video game purchases. Some of the favorite video game genres in 2020 included action, strategy, and action-adventure. While 24 percent don’t play video games at all, almost 18 percent spend more than six hours per week playing video games. Statista’s exclusive Global Consumer Survey holds further information on the video gaming habits of U.S. Sony’s PlayStation 4 is the bestseller among current generation consoles and, in 2020, the unit sales of the PlayStation 4 reached more than 112 million units. Some of the major players in the video gaming industry are Tencent, Sony and Apple, each generating billions of dollars in revenue every year, making them some of the most successful public companies in terms of gaming revenue. Year-on-year growth is 10 and analysts made predictions that in 2019 revenue would top 152 billion. To say that the gaming industry is on the rise would be a massive understatement. In fact, it was found that video gaming is gaining popularity among parents across the world as well, with a fairly even split in terms of the gender distribution of video gaming parents worldwide. Looking strictly at game revenue, League of Legends was the driving force in 2018, followed by Dungeon Fighter Online. Despite the high average daily time spent playing games among kids, the hobby can no longer be considered solely child’s play. What is significant nowadays is that the first generation of gamers is now grown up and has significant spending power at its disposal. The global virtual reality in gaming market size was valued at USD 11.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 30. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. Video games are a billion-dollar business and have been for many years.
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