Sony’s PlayStation 4 is the bestseller among current generation consoles and, in 2020, the unit sales of the PlayStation 4 reached more than 112 million units. Some of the major players in the video gaming industry are Tencent, Sony and Apple, each generating billions of dollars in revenue every year, making them some of the most successful public companies in terms of gaming revenue. In fact, it was found that video gaming is gaining popularity among parents across the world as well, with a fairly even split in terms of the gender distribution of video gaming parents worldwide. Despite the high average daily time spent playing games among kids, the hobby can no longer be considered solely child’s play. What is significant nowadays is that the first generation of gamers is now grown up and has significant spending power at its disposal. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S.

In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S.

Video games are a billion-dollar business and have been for many years.

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