Newzoo: Games market to reach $180.3 bn in 2021

Originally published on GamesIndustry.biz by Jeffrey Rousseau

Report says that cloud gaming generated more than double its revenue this year compared to 2020

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Today Newzoo released a new report that forecasts that the global games market will generate $180.3 billion in 2021.

This figure represents an increase in consumer spending of 1.4% year-over-year compared to 2020.

“If anything, this shows that the games market is definitely no longer the seasonal, hit-driven business it once was,” said Newzoo head of reports forecasting Tom Wijman.

“New gaming content no longer means new games or new hardware-a new season pass is just as likely to drive revenues.”

Although exact figures

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