The study predicts that the gaming market will decline in 2022

The shortage of components and the war are the reasons for the decrease in profits in Ukraine

A study by Ampere Analysis, which specializes in entertainment market data analysis, suggests that The video game industry is expected to collapse in 2022.

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After several years of record growth that reached $191 billion in global sales of games, consoles and subscription services, Ampere notes that the industry will reach $188 billion by the end of 2022. That is, a $3 billion reduction in industry earnings expectations.

The main reasons for the expected decline are the consequences of supply shortages, the war in Ukraine and the subsequent sanctions imposed by developers on the Russian gaming market. In addition, the current economic situation, with high inflation in several regions of the world, is also an important factor that will lead to a decrease in the revenues of the gaming industry.

After years of impressive growth, reaching record values ​​in 2020 and 2021, with a profit of 191 billion USD, the reduction predicted by the company Ampera is not so aggressive. Even with several factors contributing to the market decline. Even so, 2022 should close with higher profits than pre-pandemic figures. “After two years of massive expansion, the gaming market will return to some growth in 2022 as a number of factors combine to derail,” said Piers Harding Rolls, director of research at Ampere Analysis.

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However, the arrival of 2023 promises new record values ​​for the industry. The possibility of a recovery in component shortages, a drop in inflation and an end to the conflict in Ukraine should inject new energy into the market, and we could face new record numbers. While Ampere projects a value of $195 billion, it wouldn’t be surprising if the gaming market surpasses $200 billion by the end of 2023.

At the moment, the current global situation indicates a slight weakening of the industry, but everything indicates that soon it should recover in full force.

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Source: Eurogamer, Ampere Analysis

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