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  Technology   In Other news  24 Jan 2019  Video game revenue peaked at USD 43.8 billion in 2018

Video game revenue peaked at USD 43.8 billion in 2018

ANI
Published : Jan 24, 2019, 1:30 pm IST
Updated : Jan 24, 2019, 1:30 pm IST

This figure also surpasses numbers for streaming services which are estimated to earn around USD 28.8 billion in 2018.

The revenue growth is attributed across the spectrum of the gaming industry. (Photo: ANI)
 The revenue growth is attributed across the spectrum of the gaming industry. (Photo: ANI)

Video gaming industry had a stellar year as the revenue peaked up 18 per cent in 2018, compared to previous years.

According to new data released by the Entertainment Software Association and The NPD Group, video game revenue in 2018 reached a new peak of USD 43.8 billion. This figure also surpasses numbers for streaming services which are estimated to earn around USD 28.8 billion in 2018, TechCrunch reported.

 

The impressive growth of video games is apparently seen as a threat by video streaming platforms such as Netflix who reportedly are concerned more than Fortnite than rival HBO.

The revenue growth is attributed across the spectrum of the gaming industry, including personal computing and mobile gaming. The hardware, peripherals and software revenue also spiked owing to physical and digital sales, in-game purchases and subscriptions.

Tags: video games, revenue, gaming industry, entertainment software association