Gamers Collectively Spent $60 Billion on Games, Consoles, and Related Services Last Year – Report

According to estimates from Ampere Analysis, the games industry saw $60 billion in worldwide revenue in 2021 from sales of consoles, games, and subscription services.

Posted By | On 01st, Mar. 2022

ps5 xbox series x

A recent report by Ampere Analysis has revealed that the games industry raked in massive amounts of money in revenue last year. According to Piers Harding-Rolls (Ampere head of games research), the games industry saw a total revenue of $60 billion in worldwide sales of consoles, games, and related subscription services.

This is, unsurprisingly, higher than any year before it. Harding-Rolls believes that the short supply of both the PS5 and Xbox Series X/S held these numbers back by a significant margin. According to him, the increase in revenue can also be attributed to the wide adoption of subscription services like Xbox Game Pass.

“The increase in spending was driven by higher priced new consoles available on the market and increased adoption of subscription services, such as Microsoft’s Xbox Game Pass,” he said.

Additionally, it’s also been estimated that player expenditure on in-game cosmetic items and microtransactions was less than what it was 2020- albeit by just 1 percent. Physical sales accounted for only 30% of the total software sales, while player expenditure on subscription services saw a 20% year-on-year rise.

It’s been estimated that the games industry will rake in around $61.1 billion this year, breaking records once again. That number could rise by a significant margin if Sony and Microsoft manage to alleviate console stock shortages this year.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Gearbox Has Nine AAA Games in Development

Gearbox Has Nine AAA Games in Development

Gearbox has nine AAA games in the works, according to parent company Embracer Group, though it's unclear if th...

Embracer Group Says Acquired Square Enix IPs Will Probably See Remakes, Remasters, and Spinoffs

Embracer Group Says Acquired Square Enix IPs Will Probably See Remakes, Remasters, and Spinoffs

"We see a great potential, not only in sequels, but also in remakes, remasters, spinoffs as well as transmedia...

Marvel Snap is a New Collectible Card Game by Former Hearthstone Devs

Marvel Snap is a New Collectible Card Game by Former Hearthstone Devs

Billed as the fastest collectible card game ever, Marvel Snap has been announced for PC and mobile devices. Si...

Xbox Series X/S Outsold PS5 in Japan Last Week Amidst Persisting Stock Shortages

Xbox Series X/S Outsold PS5 in Japan Last Week Amidst Persisting Stock Shortages

Meanwhile, Nintendo Switch Sports topped the software charts, while the rest of the games in the top 10 were a...

Borderlands 3 is Free on the Epic Games Store Until May 26

Borderlands 3 is Free on the Epic Games Store Until May 26

Gearbox's looter shooter replaces Prey, Jotun: Valhalla Edition, and Redout: Enhanced Edition as the store's w...

Assassin’s Creed Origins – 60 FPS Patch for PS5 and Xbox Series X/S is Probably Coming Next Week

Assassin’s Creed Origins – 60 FPS Patch for PS5 and Xbox Series X/S is Probably Coming Next Week

Ubisoft said in December that it was looking to add a 60 FPS option to the open world title on new consoles, a...