The gaming industry expected to grow 7.5% annually until 2025, PwC reveals

July 19, 2021 4:44

Gaming was one of the bright spots for the entertainment and media sector during the onset of the pandemic, according to PwC’s latest Australian Entertainment and Media Outlook.

Total interactive gaming and esports revenues, which rose by 7.2% in 2020 to $3.41 billion, are expected to grow at a 7.5% CAGR based on the midpoint forecast scenario through to 2025.

Gaming was one of the bright spots for the entertainment and media sector during the pandemic, PwC reveals

PwC’s report cited that “traditional gaming was boosted by the launch of next-generation consoles from Microsoft and Sony in late 2020, notwithstanding supply issues of the consoles themselves”.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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