This timeline presents a forecast of the value of the global video game market from 2013 to 2018. In 2014, the market was expected to be worth 70.8 billion U.S. dollars and PwC projects industry revenues to reach 89 billion by 2018.
Video game industry worldwide - additional information
In 1960s America, arcade video games were all the rage, as they provided the thrill of amusement-park entertainment without the travel time and costs. All one needed was to introduce a coin to a machine located within an amusement arcade, at the mall or in front of the local convenience store. The ‘70s, however, brought with them the personal computer hobby culture on a wider scale and home video game consoles slowly started to take over the video game market. Although arcade games are still popular in some areas of the world, console and computer games have become a powerful global industry.
In 2015, the value of the worldwide video game market was forecast to reach more than 75 billion U.S. dollars, while the total number of video gamers was estimated at 1.8 billion around the world. According to industry forecasts, the largest regional market in terms of sales as of 2015, is Asia Pacific, followed by EMEA, North America and, to a much lesser extent, Latin America. In 2014, there were approximately 830 million gamers in Asia Pacific and some 570 million in EMEA.
Revenues in the gaming industry are based on two major sources, namely hardware, such as consoles, processors, screens, controllers and other accessories, and software – the actual games. Some of the most important players on the computer and video games publishing market are Sony Computer Entertainment (Japan), the current market leader - Tencent Holdings Limited (China), Microsoft (United States) and Nintendo Company Ltd. (Japan). Nintendo’s Wii Sports, a home video game console released in 2006, is also the best-selling console game in the world, with a little over 82 million units shipped worldwide, as of 2015, while the life simulation video game series, The Sims, is ranked as the best selling PC game of all times, with 11 million units sold worldwide.