With more than 2.5 billion gamers all around the world, the gaming industry is set to continue its growth in the following years. Although mobile games represent the most significant part of the market, other revenue streams will continue to generate a sizeable profit, too.
According to data gathered by Leagueofbetting.com, the download games market is expected to reach $15.8bn worth in 2020, growing by 5.2% year-on-year. The upward trend is forecast to continue in the following years, with the entire download games segment reaching $18bn value.
The Number of Users to Jump to 1.3 Billion
Download Games market refers to online sales of full version video games for consoles or PCs through the direct download of the installation file and a corresponding product key. PlayStation Store, Xbox Games Store, and Steam positioned as the leading vendors on the market.
In 2017, there were 937 million users in the download games segment, revealed the Statista survey. In the last three years, the number jumped to 1.1 billion, with a 14.8% user penetration. The statistics indicate that most of the players, or 36.6% of them, are aged between 25-34 years old.
The user penetration in the download games market is expected to increase to 16.65% in the next four years, resulting in nearly 1.3 billion players globally by 2024. However, the average revenue per user continues falling. In 2017, it amounted to $14.88 and dropped to $14.40 in the last three years. By 2024, this amount is expected to decrease to $14.07.
The US as the Leading Download Games Market
Analyzed by geography, the United States is the largest download games market globally, expected to reach $4.2bn worth this year. The user penetration in the US market is expected to reach 42.0% in 2020, while the average revenue per user currently amounts to $30.68.
With a market volume of more than $2bn, Japan ranked as the second-largest market in the world. Chinese download games market is forecast to generate $1.6bn profit in 2020, followed by the United Kingdom and France as the fourth and fifth-largest industry in the world.
The full story can be read here: https://leagueofbetting.com/download-games-to-hit-18bn-in-revenue-by-2024/
If you enjoy games and gaming and want more NEWS from the Gaming World Click Here