Doubled revenue for cloud gaming
Cloud gaming market has more than doubled its revenue compared to 2020. Esports revenue is expected to be USD1 billion in 2021, according to games analytics firm Newzoo.
The global games market will reach USD 218 billion in consumer spending by 2024 of which USD 116.4 billion is expected to be from mobile games, according to Newzoo’s forecast. Cloud gaming will be USD 6.5 billion and esports USD 1.6 billion.
Global gaming market will generate USD180.3 billion in 2021, an increase in consumer spending of 1.4% year-over-year compared to 2020.
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