Video Game Market Expected To See Decline In 2022, According To Analysts
According to a new study, the video game industry is predicted to experience a year-on-year decline after experiencing record growth in 2021. During the early months of the pandemic, the industry saw a period of growth that led to record profits and sales for publishers and developers.
The Ampere report suggests that the sale of games, consoles, and subscription services will dip from 2021’s combined global total of $191 billion to $188 billion this year, which will be the result of a number of factors.
One example given was the Russian market, which has seen numerous western developers withdraw from that country since it launched its invasion of Ukraine. As the tenth-biggest audience of 2021, Ampere has forecast that the country will drop to number 14 in the global rankings this year and for it to lose $1.2 billion in value compared to the previous year.
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