The arcade table-tennis game was a sensation, drawing in consumers eager to play and companies that started to produce their own knock-off versions. 1970–1983: The Pre-Crash EraĮarly prototypes of video games were developed in labs in the 1960s, but it was Atari’s release of Pong in 1972 that helped to kickstart the industry. Research from Pelham Smithers shows that while the tidal wave of gaming has only continued to swell, the driving factors have shifted over the course of gaming history.
We’re already far past the point of gaming being the biggest earning media sector, with an estimated $165 billion revenue generated in 2020.īut as our graphic above helps illustrate, it’s important to break down shifting growth within the market. View a more detailed version of the above by clicking hereĮvery year it feels like the gaming industry sees the same stories-record sales, unfathomable market reach, and questions of how much higher the market can go. 50 Years of Gaming History, by Revenue Stream (1970-2020)
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