The Global Video Game Industry: Worth and Key Players in 2021

How much is the video game industry worth 2021?
In 2021, the video game market size in the United States surpassed 85.86 billion U.S. dollars, up from the all-time industry high in 2020 with 76.15 billion U.S. dollars.
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With millions of gamers worldwide, the video game business is a quickly expanding sector. It’s a lucrative industry that has expanded significantly in recent years. The video game business is anticipated to be worth $300 billion by 2025, according to the most recent forecasts, up from $180 billion in 2021. Global gaming population growth, the expansion of mobile games, and the emergence of esports are the main drivers of this expansion.

Tencent, a Chinese business, is one of the major players in the video gaming market. A large portion of several important video gaming firms, including Epic Games, Riot Games, and Supercell, is owned by the international corporation Tencent. WeChat, which is the most widely used messaging program in China, is also owned by Tencent. Tencent made $73.8 billion in sales in 2020, with video games contributing significantly to that total.

Popular video game series God of War was developed by Sony Santa Monica Studio. The game tells the tale of Kratos, a Spartan warrior out for vengeance on the Olympus gods. God of War (2018), the most recent game in the series that debuted in 2005, was a critical and financial triumph. Numerous accolades were bestowed upon the game, including Game of the Year at The Game Awards 2018. Cory Barlog, who has worked on a number of other well-known video game series, including Tomb Raider and God of War II, directed the game.

There are various methods to start if you want to work for a video game company. A degree in game design or a similar field is one option. Numerous colleges educate students with the information and abilities necessary to build video games through their game design programs. Attending video game conferences, like the Game Developers Conference (GDC), is another option. At these events, you can network with businesspeople and discover employment openings. Making your own video games and compiling a portfolio of your work are additional ways to get started. This will enable you to highlight your abilities and show off your enthusiasm for game development.

In conclusion, the $180 billion video game business is expected to be a booming industry in 2021. The sector is expanding as a result of the rising popularity of mobile games, esports, and gamers globally. Tencent is a big stakeholder in the video game industry and holds a sizable investment in a number of significant game developers. Sony Santa Monica Studio and Cory Barlog are the minds behind the well-known video game series God of War. There are many ways to get started if you want to work for a video game firm, such as getting a degree in game design, going to conferences, and making your own games.