The latest study by consultancy IDC shows that video games generated more revenue during the confinement and pandemic period than global cinema and sport in the US and Canada combined. In addition to the greater interest of the community in games in buying new titles and spending more time in front of the screens, it is important to remember that the film and sports industry suffered major setbacks during this period. Cinema rooms and stadiums or closed sports venues necessarily removed the public, which led to significant revenue losses. Cinema is expected to generate 100 billion in revenue and sport in North America represents US $ 75 billion
With millions of people forced to be at home for much of the year, video game industry revenues are expected to rise to $ 179.7 billion this year, according to the IDC study cited by Business Insider, which concludes that there is a 20% increase in billing. A similar study by the NPD Group, in turn, shows that four out of five of all US consumers have played at least once in the past six months.
In terms of age dispersion, IDC reveals that the most surprising growth took place between the ages of 35 and 54, with the subgroup of consumers between the ages of 45 and 54 having a 60% increase in time spent playing.
With regard to games specifically, the study highlights the phenomenon of successful Animal Crossing: New Horizons, which sold more than 26 million copies between March 20 and September 30. The community’s enthusiasm for Sony’s and Microsoft’s new-generation consoles, which are still sold out practically worldwide, also helps explain the industry’s revenue. When PlayStation 5 and Xbox Series X are within everyone’s reach, video games are expected to continue to grow and dominate.