In 2017, social/casual gaming global revenue will surpass traditional gaming according to PWc and continue to accelerate away at a much higher growth rate for the remainder of the forecast period. Social/casual gaming will surge at 11.9% CAGR and is expected to reach US$74.3bn by 2021.
Total video games revenue in mainland China reached US$15.4 billion last year and will grow at an annual rate of 11.2 per cent to a forecasted US$26.2 billion in 2021, making the country the second-largest market after the US, PwC said on Tuesday.
Cecilia Yau, entertainment and media leader at PwC, said the study examined multiple revenue streams in the sector, ranging from game sales and sponsorship to revenues in streaming.
Within five years China will surpass South Korea to become the second largest video games market in the world with revenue of more than US$26 billion,
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I agree, video games seem to be way more fun, especially the ones where you can make money by playing them. I'm talking about games like cs go, and the fact that I can earn skins like https://dmarket.com/ru/ingame-items/item-list/csgo-skins/pistol/r8%20revolver and then sell them for a pretty good price makes me want to play that game even more.
I didn't even know that it was that popular. I'm more into video games, and I still think that casual gaming is not as entertaining as video games.
Growth will continue at 11.2% per year into the next decade??
Garbage.
Between 10 to 15% I would accept. 11.2%???? Whoever wrote that figure has no idea what they are talking about and just regurgitated the number that their spreadsheet gave them. I’ll ignore what they have to say.
Brian (or someone else), I don’t understand the difference between social/casual gaming and traditional gaming. After reading the first link-jump, I’m guessing that the former includes things like paid-for apps on phones (are they really making *that* much money?) and the latter are Nintendo, PlayStation, consoles, Steam, and other downloadable computer-based games. Is that close enough?
It’s normal. Not everybody has the time or want to invest 100 + hours into a single game with 2 too 5 hours in single sessions.
It’s the difference between magazines and books. Magazines a easy to pickup, you don’t have to invest X amount of time to know what is going on and you finish it pretty quickly. On the other hand with book, you have to read a good amount of pages to have a sense of the big story and often, simply reading a single page at a time is not enough.
Its the same thing with games. Casual game are the magazines and the others are the books. Both are fine, you just need to find the right match for you.
Worst news ever.