About 45 years ago Atari created the world's first commercially successful video game. It was the simplest of things and resembled a game of tennis, but you played it on a machine. Pong started the video games phenomenon in 1972, and today the PC and mobile games market are predicted to earn a staggering $132 billion in total revenues by 2021.
FinancialBuzz.com, a web portal that reports on the latest financial news and provides live coverage from The New York Stock Exchange, NASDAQ Exchange, and the Hong Kong Exchange, stated in a press release that “A report by Juniper Research estimates that the video game market on PC and mobile will grow to earn $132 billion in total revenues by 2021.” Juniper Research is an analytics firm that specializes in identifying high-growth market sectors in mobile and digital tech.
According to the report, the growth in the video games market is mostly driven by mobile games, and secondly PC gaming.
“Global consumers continue to embrace the PC platform for video games due to multiple factors,” explains Juniper Senior Game Industry Analyst, Ted Pollak. “The desktop ergonomic is popular because the display distance offers increased detail when using HD and UHD monitors. Additionally, there is superior control with mouse and keyboard control interfaces. This has been validated with eSports overwhelmingly being played on PCs.”
Mobile gaming continues to outperform PC and console markets because of its free-to-play model. The F2P business model is but a platform for the pay-to-win model which is at the heart of most mobile games.
The report didn't say much about the console games market, only that (PC and) “console-based digital sales have made much smaller contributions to the growth of the market compared to the mobile games app.
The report further states that Activision Blizzard “is the world's most successful standalone interactive entertainment company,” and that Gamestop is “the world's largest video game retailer.”
In January this year, the Entertainment Software Association and the NPD Group stated in their report of the US games market (2016), that PC gaming was showing the most growth, with mobile gaming coming in second. IN 2016 the US games market alone generated $30.4 billion in revenue.
Source: Press release
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