Many think that only younger people are into games. An estimated 56% of Millennials, 51% of Gen Xers, and 51% of Gen Alpha + Z (ages 10 to 22) were active gamers in 2020.Latin America has approximately 266 million gamers and North America has 210 million gamers.This is followed by Europe at a far second with 386 million and third by the Middle East and Africa regions with 377 million.The Asia Pacific region has the most number of gamers in the world with 1.4 billion.Gamers make up 26% of the world’s population.There are around 2.7 billion gamers in the world in 2020.Consumer spending on gaming accessories in Q2 of 2020 in the US reached $584 million.Consumer spending on gaming hardware in Q2 of 2020 in the US reached $848 million.That’s a 50.13% growth from the previous year’s Q2 figure of $797 million. Consumer spending on gaming content in the US in the Q2 of 2020 reached $1.02 billion for content.
Thus, many companies have been keen on making their way into the industry.
Even so, it is already larger than the movie and music industries combined. The video game industry is still growing.
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