China to extend its lead as largest video games market

An overview of video games revenue in China and the United States between 2014 and 2023.

China is set to extend its lead as the largest video games market, according to PwC's latest Global Entertainment & Media Outlook: 2019-2023 report. Video games revenue in China is forecast to reach $34.90bn in 2023, above the $30.70bn forecast for the second-largest market, the US.

Video games revenue in China more than doubled (+112.1%) between 2014 and 2018, while the US saw strong but far slower growth (+45.7%). Indeed, China will top the $30bn mark by 2021, two years before the United States.

Growth in Chinese gaming revenue is likely to be even higher, given the popularity...

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