Subscription and cloud gaming on track to achieve $14 billion by 2027
Subscription and cloud gaming platforms continue to capture the attention of consumers, with a new report from Futuresource Consulting sizing the market at $6.8 billion in 2022. The specialist research house also expects market revenues to achieve $8.3 billion in 2023, as popularity maintains its surge.
UK consumer spend on video entertainment to surpass £11 billion in 2023
The UK video entertainment market continues to put in an energetic performance, despite cost-of-living pressures stemming from high energy bills and rising food costs. A newly released report from Futuresource Consulting shows that the industry bounced back from its COVID-induced slump in 2021 and continued climbing, ending 2022 with an additional 10% growth.
Education, Pro AV and Gaming: Reassessing the esports landscape after COVID-19
Esports has come a long way from its reputation as being a niche hobby for teenagers. In recent years, esports has rocketed into a multi-billion-dollar opportunity, spanning multiple industries and garnering audiences on a global scale. From 2019 to 2020, revenues grew by 5%, and the following year, they jumped by another 17%.