Global Gaming Market Anticipated to Exceed $180 Billion by 2021

Financialnewsmedia.com News Commentary

PALM BEACH, Florida, Sept. 30, 2019 /PRNewswire/ -- The global gaming business has been one of the fastest growing markets since its inception, and recent reports project that it will continue to grow in the next several years. According to market researcher Newzoo, the PC – Console - Video games market were expected to exceed $180 Billion by 2021 up from just $137 Billion in 2018.  "Those numbers are more optimistic than in the past, and they reflect the constant growth of platforms, such as smartphones. This year, mobile games are expected to hit $70.3 billion — or 51 percent of the total — and they will grow to $106.4 billion by 2021 — or about 59 percent of the total. Newzoo estimates there are about 2.3 billion gamers across the globe."  Newzoo believes that both PC and console games have proven to result in steady growth over recent years while this year alone, console segment of the market is projected to exceed $34 Billion while capturing 25% of the total market.  The PC gaming segment alone could be expected to exceed $32 Billion with a 24% market share.  Active companies in the markets this week include Versus Systems Inc. (CSE: VS) (OTCQB: VRSSF), Tencent Holdings Limited (OTCPK: TCEHY), Activision Blizzard, Inc. (NASDAQ: ATVI), Glu Mobile Inc. (NASDAQ: GLUU), Zynga Inc. (NASDAQ: ZNGA).

Newzoo continued with "Downloaded/boxed PC games will grow with a CAGR of +4.2 percent from 2017 to 2021, generating $32.3 billion in 2021.  Newzoo expects engagement with PC games to continue to grow, driven by competitive play and esports, but this will only partially translate to higher revenues for several reasons.  Newzoo expects the console segment to grow if publishers continue to improve in-game spending options while retaining the upfront price. Furthermore, the console segment will fully embrace live streaming and esports by 2021, further driving player engagement. Newzoo forecasts the console segment to grow to $39 billion in 2021 with a CAGR of 4.1 percent."

Versus Systems Inc. (CSE: VS) (OTCQB: VRSSF) BREAKING NEWS:  Versus Systems today announces that Utomik, a PC gaming subscription platform that offers instant access to a varied collection of over 1,000 gaming titles from AAA classics, to retro, indie, and family-friendly titles, on its patented Versus rewards platform. Starting September 27, 2019, Versus players will have the chance to win a voucher for a 3-month subscription, redeemable at utomik.com.