Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.

 

Thomas Edison

Games will generate $109 billion in 2017 with growth from mobile in Asia

RATE THIS! +49
Posted in Games on 21st Apr, 2017 11:42 AM by Alex Muller

Consumers around the world will push spending on video games to $108.9 billion this year, according to industry-intelligence firm Newzoo. That’s up from $101.1 billion in 2016, which is Newzoo’s revised estimate for how much the gaming industry made last year across all of its various market segments.

 
Gaming’s growth will continue to come from mobile and China along with the rest of Asia. PC, meanwhile, will see a decline as people spend less money on full-game downloads and browser-based casual experiences.
 
“Mobile gaming will generate $46.1 billion this year, 42 percent of all global game revenues,” reads the Newzoo report. “More than three quarters of this, or $35.3 billion, will come from smartphone gaming, with tablet games accounting for the remaining $10.8 billion.”
 
Tablet hardware isn’t selling as well as it once did, but the people who already own those devices are still spending money in games.
 
When it comes to consoles, Microsoft, Sony, and Nintendo continue to prove the viability of that sector.
 
“The console gaming segment performed better than expected in 2016, thanks to the embrace[ing] of a variety of digital business models by the console manufacturers, publishers, and consumers,” reads Newzoo’s report. “Microsoft and Sony generated more than $14 billion in combined revenues from first party games, third party game fees, and subscription revenues.”
 
Newzoo anticipates that console gaming will bring in $33.5 billion. Nearly two-thirds of that total (65.8 percent) will come in the form of digital revenues.
 
Finally, the Asian Pacific region will produce $51.2 billion toward video gaming’s 2017 performance. That’s 47 percent of the total and a 9.2 percent year-over-year growth spurt.
 
“China alone will take one quarter of all global game revenues, reaching $27.5 billion this year, well ahead of the U.S. which is estimated to reach $25.1 billion,” reads Newzoo’s report. “Most of China’s growth will come from mobile gaming with Tencent and NetEase leading the way. Mobile gaming revenues from these two companies alone reached $7.7 billion in 2016. As a result, we increased our previous 2016 mobile revenue estimates for China from $10.0 billion to $11.2 billion.”
 
But when it comes to gaming, “Asia” is no longer just Japan, China, and South Korea.
 
“The fastest-growing region in the coming years will be Rest of Asia, without China, Japan, and Korea, with total game revenues growing to $10.5 billion in 2020, up from $4.5 billion last year.”
 
North America will still spend $27 billion on gaming this year, which is a 4 percent increase. But the spending power has clearly shifted from the West to the East, and that should continue to affect the kinds of games people make and how they market them.

Tags: gamesbusinessentertainmentVR

Read original article » Back to category

Comments

Author: Guest
Posted: 2017-04-22
+1
Gaming is very powerful entertainment and with mobiles being so widespread this is the device of choice for many people, especially developing countries in Asia - I would assume that the trend will continue Reply
Author: Guest
Posted: 2017-04-22
+1
With other upcoming technologies such as VR and AR there is a new boost for games and the way we entertain ourself - the appeal of games is continuing globally Reply


 

Recent headlines

  • Posted in Science on 2018-12-09 23:56:38
    CRISPR Babies: Mankind's Next Giant Leap?..read more
    Posted in Hardware on 2018-12-07 14:22:16
    SpaceX Successfully Launches to Space Station But Rocket.....read more
    Posted in Science on 2018-12-07 14:17:51
    Simulated One Gravity Living on the Moon and Mars With a.....read more
    Posted in Business on 2018-12-07 14:12:33
    Most Valuable Company Title Moved Between Amazon, Apple.....read more
    Posted in Science on 2018-12-04 03:51:30
    SpaceX Lessons Which Massively Speed Improvement of Products..read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Even light drinking increases risk of death..read more
    Posted by AlexMuller
    Researchers have discovered how to slow aging..read more
    Posted by AlexMuller
    Human retinas grown in a dish explain how color vision develops..read more
    Posted by AlexMuller
    The smartphone app that can tell you’re depressed before you.....read more
    Posted by AlexMuller
    Neural networks don’t understand what optical illusions are..read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me