Online Video, Gaming Rose During Pandemic to $330B in 2020 Revenue: ABI
COVID-19 stay-at-home orders propelled the online video and gaming markets to $330 billion in 2020 revenue, reported ABI Research Tuesday. Streaming video subscription revenue surpassed $69 billion, and online gaming was up 22% year over year, it said. Though media…
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consumption rates "will taper off from the peaks seen during lockdowns as the world returns to a sense of normalcy," the public's appetite for digital content and services is "expected to remain strong," said ABI analyst Michael Inouye. “The common consensus from most industry insiders is a shift in the growth curve rather than an expected dip to pre-pandemic forecasts."