12/20/2023 0 Comments Download the rise of gaming revenue![]() ![]() This digitalization in turn allowed developers to shift away from the traditional business model of one transaction per customer per game, and instead towards a model of games-as-a-service (GaaS) wherein each game continually offers new content for players to purchase. The first was the rise in digital distribution as a replacement for physical media. This meteoric growth in revenue reflects two major shifts in the gaming industry. In order to better understand the economic principles underlying the rise of the gaming industry over the past decade, this project includes an interview of game developer and industry insider Rami Ismail and an in-depth literature review. In particular, the global video games industry has doubled in value in under a decade, from an estimated global revenue of approximately $80 billion in 2012 to approximately $160 billion in 2020. Despite being one of the youngest forms of entertainment, video games have grown from a relatively niche market into an economic juggernaut, easily eclipsing both film and music in market value. ![]()
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