It's no secret that the gaming industry is enormous. But how big of a world population? Out of 7.7 billion people, it's estimated that 2.5 billion are gamers globally in 2019. it projected that the gaming industry could get up to 150 billion dollars by 2022. that number could reach 200 billion dollars, that's huge in terms of growth. it's bigger than the box office and the music industry combined, and it's growing at a staggering rate compared to both of those. eSports is a significant part of the entire gaming industry, and it's certainly getting a lot of attention right now, as we've seen much like traditional sports. eSports is a competitive match or game between individuals or groups within the video game sector. In 2021 it is anticipated that the eSports industry will reach 1.1 billion dollars, and almost 500 million people will tune into an eSports match or game. The gaming sector is rapidly growing, and we're just getting started Gaming in the future.
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The video game sector now makes up by far the most significant part of the global entertainment industry; there are an estimated two and a half billion players worldwide. It's become a cultural force with an impact, unlike anything. since the arrival of television, and it's not just a social impact. There's a lot of money to be made too. The global gaming market is worth ten times as much as the film or music industry. At the end of last year, one of the world's most popular games, Fortnite, brought in revenues of 1.8 billion dollars. At the same time, the world of esports generated over 1.1 billion dollars globally, a figure that's expected to rise by at least 50 percent next year and the best-selling console game of last year. The latest call of duty franchise modern warfare has shifted 30 million units to up to 80. at the time, for context, that means it's brought in about the same amount of money as the world's highest-grossing movie of all time, avengers end game. The two most prominent global players were china and the united states five years ago. China's video game revenues overtook the US, making it the number one country in revenue and player count/ on average, around 640 million people play video games in China, accounting for over 25 percent of the world's gamers/ one of the main reasons video games have reached new heights in the last few years is live streaming. Where gamers record themselves playing at home through platforms like Twitch, and while the pandemic has hit most industries hard. the gaming world has remained in rude health before curving 19 twitch had 15 million daily visitors. But at the height of lockdown in march, those numbers hit record highs of 22.7 million daily visitors. 2020 is a big year in gaming regardless of the pandemic. That's because 2020 is the year that Microsoft and Sony release their next generation of consoles, the Xbox x series and the PlayStation 5, offering not just shiny new hardware. But subscription services gave users access to more games than ever before, of course giving them access to billions of dollars in revenue.
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