#Boom fighters game tv

Arcades, meanwhile, once generated $40bn in revenue and now generate zip. It’s mobile gaming that has really driven the industry’s expansion since about 2010, as smartphones have proliferated. The console market – PlayStation, Nintendo and Xbox – has remained pretty stable for well over a decade. It is interesting, though, to look at where the money is in gaming.

#Boom fighters game tv

And one day, I hope that what seems like every mainstream TV or radio report about video games doesn’t begin by pointing out that they generate more cash than movies. The money that video games make is, for me, one of the least interesting things about them. And when things level out, whenever that is – and it’s probably still a decade or more in the future – it will not be such a bad thing.

The number of gamers in the world keeps going up, as smartphones, PCs and consoles become available to more of the world’s population – but that will stop, eventually. The rest of us needn’t worry: constant massive growth is demanded, because … capitalism, but it’s unsustainable. Some ebb and flow is natural, even if it spooks those investors who are hoping to make a quick buck out of a fad, whether that’s esports, virtual and augmented reality, free-to-play mobile games or the latest venture capital money pit, blockchain gaming. Games are often considered to be recession-proof, but the industry is not impervious to macroeconomic turmoil. (I have fond memories of the birthday parties and summer gatherings that we had in Animal Crossing, but they can feel a bit like a melancholy dream.) I’ve been playing significantly less myself this year, now that I can do other things that I enjoy again, like live music and, y’know, hugging my friends. People are playing less, and spending less, for a variety of reasons – from increases in the cost of living to gaming fatigue after many months spent mostly indoors.

The games industry’s revenue is expected to start climbing again from 2023, however, past its pandemic peak.

Growth continued throughout 2021, up to around $190bn, but is now predicted by market analysts to decline by a few billion. It’s also hardly surprising, then, that the games industry is now facing a contraction.