How big is the gaming market in South Africa?

Characteristic Market value in million South African rand

How big is the gaming market?

In 2021, the video game market size in the United States is projected to surpass 65.49 billion U.S. dollars, down from the all-time industry high in 2020 with 66.88 billion U.S. dollars.

How big is the gaming industry 2019?

Report Overview. The global video game market size was valued at USD 151.06 billion in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.9% from 2020 to 2027.

How big is the video game industry 2020?

According to a recent report by Newzoo senior market analyst Tom Wijman, the global gaming market will generate $159.3 billion in revenue in 2020. That would be 9.3 percent year-over-year growth. What’s more, Newzoo projects the industry to surpass $200 billion in revenue in 2023.

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How many PC gamers are there in South Africa?

(2017) showed that there were more than 11 million gamers in South Africa: 78% black; 8% coloured; 3% Indian/Asian and 11% white. However, the rise of mobile gaming via smartphones has meant that many more South Africans can afford to play.

How many pro gamers are there in the world 2020?

Newzoo reports there were 2.69 billion gamers in the world by the end of 2020. Growth has been steady with an average of 5.6% year-on-year (YoY) increase. 2021 figures are forecast to reach 2.81 billion gamers that will earn the global games market an estimated $189.3 billion.

Which country’s population spend the most money on games?

Related Rankings:

1. China 946.4M
2. United States 283.9M
3. Japan 114.9M
4. South Korea 48.6M
5. Germany 75.8M

What is the average age of a gamer?

The average age of a U.S. gamer is 35, the average number of years a U.S. gamer has been playing games is 13, and only 29% of the gamer population is under 18 years old.

Is the gaming industry growing?

Video Games’ Status Grows in 2020

New console releases, a number of new hit titles, and the rise of community/social gaming also contributed to the growth. As a result, industry revenue totaled $175 billion in 2020, a 20% increase from 2019.

How many gamers are there in 2020?

In total, there were an estimated 2.7 billion gamers across the globe in 2020.

How much money did people spend on video games in 2020?

Video game spending hits record $56.9 billion in 2020

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Total video game spending in 2020 reached $56.9 billion, up 27% higher than the previous year, according to research firm NPD Group.

How much is the 2020 esports industry?

In 2021, the global eSports market was valued at just over 1.08 billion U.S. dollars, an almost 50 percent increase from the previous year.

eSports market revenue worldwide from 2019 to 2024 (in million U.S. dollars)

Characteristic Revenue in million U.S. dollars
2021 1,084.1
2020 947.1
2019 957.5

Is gaming bigger than Hollywood?

Global videogame revenue is expected to surge 20% to $179.7 billion in 2020, according to IDC data, making the videogame industry a bigger moneymaker than the global movie and North American sports industries combined. … The videogame industry has boomed in recent years because of the variety of ways to play games.

Is gambling illegal in South Africa?

Gambling in South Africa has been heavily restricted since 1673, with South Africa’s Gambling Act of 1965 officially banning all forms of gambling except betting on horse racing which existed as a sporting activity. … In 1996 the National Gambling Act instituted a system of licensed casinos and a single national lottery.

How many people play games in South Africa?

In 2019, South Africa’s 20.3 million gamers spent $210 million on games—up +9.4% year on year.

How many gamers are in Africa?

There are few reliable sources of data concerning the current number of gamers on the continent. However, a Newzoo report from 2020 suggests that there are over 750 million gamers in Africa, Europe, and the Middle East combined.

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Hai Afrika!