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In 2021, the industry grew to approximately US$198.5 billion.
It is expected that by 2027 the video game sector will increase by around 141.6 million.
79.6 percent of gamers want to develop professionally in the gaming industry gaming.
The video game industry continues to grow around the world, so brands are launching more projects to attract consumers. As an example, Xbox that wants to compete against Apple and Google, which is why it announced that it will launch its own game store.
According to data from Mordor Intelligence, the value of the worldwide video game market has increased significantly over the past decade and is projected to grow further in the coming years, surpassing the US$200 billion mark by 2023.
Likewise, the statistics platform points out that most of the revenue in this gaming market is generated by mobile games, while console games account for almost a third of the revenue generated worldwide. A similar picture is painted in the United States, where mobile games made up the largest share of video game revenue by category.
Xbox wants to compete against Apple and Google
This Wednesday it was announced that the executive director of Microsoft Gaming and Xbox, Phil Spencer, has just confirmed that the company is developing a game store for mobile devices based on Android and iOS and that it will be available to users in the 2024.
This project comes after the order was announced, which bears the name of the Digital Markets Act, which will allow users to download applications and games from stores other than the Play Store and App Store.
Given this, companies like Microsoft will take advantage of it to become the first to battle both technology companies.
It is worth mentioning that this new order, which goes by the name of the Digital Markets Act, will allow users to download applications and games from stores other than the Play Store and App Store.
In that sense, according to executive director Phil Spencer, this new law represents a great opportunity and they will not be willing to miss it.
“We want to be able to deliver Xbox and content from both ourselves and our third-party partners to any screen someone wants to play on. Today, we can’t do that on mobile devices, but we want to build a world that we believe will see where these devices open up,” said Phil Spencer.
This new launch could be a great opportunity for a company like Microsoft if the purchase of Activision Blizzard were to materialize, since it is included in King, one of the mobile video game studios with the largest participation.
And this is how this industry continues to create new opportunities and projects to continue expanding in the world market, showing its importance.
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