Analysts expect the video game market to fall in 2022

Analysts expect the video game market to fall in 2022

Specialists of the analytical company Ampere Analysis conducted a study, according to which this year the gaming industry market is expected to fall on an annualized basis. So, last year sales of games, consoles and services reached the amount of 191 billion dollars. In this they can amount to 188 billion.

Analysts expect the video game market to fall in 2022
The popularity of games has been affected by the Covid-19 pandemic, as many people have been forced to self-isolate. However, shortages in semiconductor products and problems in supply chains have reduced the popularity of video games. This was affected by the shortage of consoles and video cards.

In addition, the closure of Internet cafes in key Asian markets during the coronavirus has also negatively affected the industry. Events on the territory of Ukraine also contributed. Inflation also affects the cost of games and hardware.

According to analysts, the industry will recover in 2023, when the shortage of chips will decrease, and games that were previously postponed will go on sale.

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