💰 • Singapore: video gaming sources of revenue | Statista

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Learn about Newzoo Pro. Guilherme Fernandes Apr 2 Tom Wijman Dec 12 Jan 14 Games Peripherals. Please read our Privacy Policy for more information. Across all three segments PC, console, and mobile , almost half of consumer spending on games will come from China and the U. All game segments saw an increase in engagement and revenues as a result of the COVID measures, but mobile gaming saw the biggest increase. Want to learn more? Growth in the console market has slowed down significantly compared to the heights it reached in Anticipation for the next-gen consoles already led to lower-than-expected spending on console last year. This growth can be almost fully attributed to the lockdown measures. Get our latest insights, reports, and updates straight to your inbox! Learn more here.{/INSERTKEYS}{/PARAGRAPH} Finally, PC gaming, driven by its 1. Mobile gaming as an alternative to PC cafes : the closure of these cafes has led many to temporarily churn to mobile gaming. Contact sales Newzoo Pro. Overall, there will be 2. Related Content Consumer Insights Games. However, the launch of the next-generation consoles toward the end of the year is also a key contributing factor. Sander Bosman Mar 13 Never miss an update. Engagement and revenues are set to grow due to the lockdown measures, at least in the short term, but COVID is also having negative effects on console gaming. For more information, check out our Privacy Policy. Get more key games numbers in our Analytics Platform! Due to the new generation of consoles, growth in console game revenues will steadily grow every year, although we do not foresee revenues reaching double-digit growth before five to six years into the launch. Mobile gaming will continue to be the fastest-growing segment overall. We expect engagement for mobile games to rise even more rapidly. While there is a short-term uplift this year due to the lockdown measurements, the next-gen consoles and associated content are essential to kickstart a new phase growth in that segment. Richard Hordijk Mar 27 Remer Rietkerk Apr 15 Consumer Insights Games. These delays will also impact the games scheduled to accompany the launch of next-generation consoles, as the development process for next-gen games was a relatively unknown quantity for developers—even before the pandemic. Reach out to questions newzoo. However, growth will be driven by emerging markets in regions like Latin America and Asia-Pacific in the years to come. We also expect the correction following the pandemic to be most visible for mobile gaming—again, due to the lower barrier to entry and the resulting lower barrier to exit. After all, it is infamously difficult to convert players into payers on mobile. The mobile development process is less complex and, therefore, less likely to suffer delays from COVIDrelated disruption. {PARAGRAPH}{INSERTKEYS}We also provide our outlook for the overall games market, diving into our revenue estimates towards During these trying times, gaming has become a means of escapism and time filling for many. We also offer two similar services for the esports and mobile markets. There are a few reasons why mobile will enjoy more growth than both PC and console gaming: Mobile gaming has the lowest barrier to entry : more than two-fifths of the global population owns a smartphone—and many mobile titles are free to play. The annual subscription service includes quarterly trend and forecasting updates, as well as access to an online dashboard with continuously updated gamer and game revenue forecasts by country and segment. Newzoo uses the information you provide to us to contact you about our relevant content and services. You can unsubscribe from these communications at any time. Search for:. Learn more. Jeremy Jackson Apr 17 Game Streaming Games. Physical distribution, massive cross-company collaboration, and certification are a major part of console game development, which may result in game delays in the future or games scaling down scope or features to hit release windows.