By Crystal Hsu
With the advancement of technology, different kinds of demand for the device has increased, including games. Although the gaming industry was once viewed as a pastime industry, it has evolved into an important part of that creates multi-billion dollars to push the global economy and also creates several job opportunities for the new generation to develop their interest.
The game industry is a huge source of revenue nowadays, bringing billions of dollars in business opportunities. According to PwC’s Global Entertainment and Media Outlook 2022-26, the global gaming industry is expected to be worth 321 billion dollars by 2026. From sales to
in-game transactions, there are several ways to earn revenue in this industry. Moreover, the existence of Esports and competitive gaming tournaments increase the business opportunities in this industry once again. Bttracting massive audiences and sponsorship, this not only creates several ways to earn revenue, also stimulate the development of other industry, such as supportive industry and even management.
In addition, the gaming industry is a source of job opportunities and technological innovation. For example, game development studios, graphic designers, programmers, and writers, collaborate with various professionals, enabling the company to create different interesting games and bring them to the public. What’s more, the improvement of virtual and
augmented reality technologies opened a new area for this industry again, creating demand for more skilled workers. This improvement extends to hardware manufacturing, such as the innovation of gaming consoles and graphics cards in the broader tech industry.
In conclusion, the game industry's clout in the economy is undeniable, creating a bridge between entertainment and commerce. As creativity and innovation keeps popped out, brings billions in revenue for this industry. Since the industry continues to evolve and expand, the impact on the global economy remains a dynamic phenomenon, which telling us that games are more than just play—they're a thriving economic force.
Work cited
“Gaming Is Booming and Is Expected to Keep Growing. This Chart Tells You All You Need to
Know.” World Economic Forum, 7 Mar. 2023, www.weforum.org/agenda/2022/07/gaming-pandemic-lockdowns-pwc-growth.
Neupane, Pratik. Gaming’s Economic Influence: Fueling Growth and Innovation in the Digital
Era. 9 July 2023,
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