The global video games market is set to jump over $92 billion value in 2020, growing by 10.9 per cent year-on-year.

With $54.6 billion profit or nearly 60 percent of that amount, mobile games remain the most significant revenue stream of the global video games industry.

Video Games Revenue Increased by $15.56bn in Three Years

In 2017, the global video games industry reached $76.5bn in revenue, revealed Statista Digital Market Outlook. By the end of 2018, this figure rose to $79.2 billion. The increasing trend continued during the last year, with revenue reaching $83.1 billion.

Statistics show that in the last twelve months, the global video games profits jumped by $9 billion, reaching a total of $92.1 billion this year. By the end of 2024, this figure is expected to rise to $100.5 billion.

As the largest source of revenue in the gaming industry, the mobile games segment has witnessed significant growth in recent years. Statistics show the global mobile games revenue jumped from $44.2 billionin 2017 to $54.6 billion in 2020. In the next four years, this value is set to reach $59.4 billion.

Download games, as the second-largest revenue stream, are expected to touch $16.8 billion value in 2020, growing 11.6 per cent year-on-year. Online games and gaming networks are forecast to generate $20.5 billion in combined revenue this year.

Analysed by geography, China represents the leading video games industry in the world, expected to reach $27.5 billion value in 2020. The United States and Japan follow with $19.4 billion and $12.1 billion, respectively.

The Number of People Playing Video Games to Jump Over 3.7 Billion This Year

Recent years have witnessed a surge in the number of video game users. In 2017, more than 2.9 billion people all around the world were playing video games. Over the next two years, this figure jumped to over 3.3 billion globally.

The number of users is expected to increase to more than 3.7 billion in 2020, growing by 13 percent  year-on-year. The most significant part of that number, or 1.5 billion users, comes from the mobile games segment.

Statista data also revealed that user penetration was 50.4 percent in 2020 and is expected to hit 56.4 percent by 2024. Statistics indicate that in the next four years, the number of people playing video games will increase to more than 4.3 billion.