Global games market to generate $175 billion in 2021- Newzoo

Originally published on GamesIndustry.biz by

Research firm notes a decline of -1% year-over-year in revenue

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Today, Newzoo released its 2021 estimate for the global games market and the industry is posed to generate $175.8 billion.

The research firm shares that this is a decline of -1.1% year-over-year in revenue.

Newzoo attributes this small decline to the effects of the COVID-19 which has caused game delays and caused a number of releases pushed to 2022.

It further explains that the forecast decline is also due to the shortage of hardware and consumer electronics caused by the pandemic.

Newzoo also estimates that the mobile games market will

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