The gaming industry in the U.S. is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2015 – to 2019, reaching $118.5 billion by 2019.
As the popularity of gaming continues to grow, so does the number of people making their living in the industry. This overviews some of the most significant stats in the USA regarding the gaming industry.
The gaming industry has grown into a $100 billion per year industry. That means there are more than 30 million full-time jobs in the U.S. alone!
In this post, we’ll look at some of the most significant statistics in the industry, including the average annual salary of a game developer and the most popular games.
So whether you’re a student or a professional in the field, read on to learn more about the state of the industry in the United States!
If you’re an entrepreneur or small business owner in the U.S. or U.K., the chances are that you’re using social media at least a little bit. Whether you’re on Facebook, Twitter, LinkedIn, Instagram, or Pinterest, it’s probably one of your main ways to connect with potential customers, clients, or partners.
How Much Money Does The Gaming Industry Make
It’s not a secret that the gaming industry is booming.
According to Statista, the U.S. gaming market is estimated to be worth 100.3 billion dollars in 2018 and will reach $122.7 billion by 2023.
That means there are many jobs for aspiring game developers, and the demand will only rise.
But how much money do people make in the industry?
Let’s break it down.
First, let’s look at what is known as the “industry multiplier.”
The industry multiplier is the average salary a worker earns in a specific industry.
For example, let’s take the food industry.
The industry multiplier is $40,000.
If you’re working in the food industry, you’ll earn $40,000.
If you’re working as a chef, you’ll earn $60,000.
If you’re a writer, you’ll earn $35,000.
So, on average, you’ll earn a base salary of $40,000.
Then, let’s look at what is known as the “industry wage.”
The industry wage is the money you earn based on your experience.
In this case, we’ll examine what a college graduate makes in the gaming industry.
According to the Bureau of Labor Statistics, a computer scientist finishing their bachelor’s degree makes an annual median wage of $53,620.
A programmer who has worked for three years makes an annual median wage of $59,400.
A game developer who has worked for four years makes an annual median wage of $69,440.
So, on average, a college graduate makes around $70,000.
That’s a decent amount of money, but it’s still insufficient.
The gaming industry is constantly evolving, so it can be difficult to predict the future.
You could spend a couple of years learning the ropes and earn a decent salary, or start working immediately and try to move up the ladder.
Or, you could go to college, learn the ropes, and build a career.
How Many People Work in the Gaming Industry
As the popularity of gaming continues to grow, so too do many people living in the industry. This overviews some of the most extensive stats in the USA regarding the gaming industry.
What Is The Future Of The Gaming Industry
While we’ve seen the rise of games as entertainment, there is a future for gaming as a form of education.
Gaming has become a hot topic in schools in the past few years. Many students are now spending more time playing games than studying.
This is a growing trend.
As a result, the number of jobs in the gaming industry will likely continue to grow.
The gaming industry is booming.
According to the U.S. Bureau of Labor Statistics, there are more than 30 million full-time jobs in the United States alone!
With more and more people entering the workforce each year, knowing how the industry grows is essential. The following data will help you understand the industry’s growth and direction.
Frequently asked questions About the Gaming Industry.
Q: What’s the difference between a P.C. and a console gamer?
A: A PC gamer will spend hours playing video games, whereas a console gamer may only play one or two games an entire day. There are over 150 million gamers in the United States, and the average age is 30. The most popular video game consoles are the PlayStation 3, Xbox 360, and Wii.
Q: What’s the difference between a Nintendo Wii and a Playstation 3?
A: Both consoles are great, but the Nintendo Wii has a “Wii” logo on the side, whereas the Playstation 3 has a Playstation logo. The Nintendo Wii is the best option when it comes to online gaming.
Q: What’s the difference between an Xbox 360 and a Playstation 3?
A: The Playstation 3 has an excellent feature called “the ability to record gameplay footage.” It records the screen and your movements and can even capture what you are doing while playing.
Q: What’s the difference between a game controller and a remote control?
A: The controllers are usually smaller than the remotes. The most popular game controller is the PlayStation 3 controller, but there are a variety of other controllers available.
Q: What’s the difference between an Xbox 360 and a PlayStation 3?
A: The PlayStation 3 has more content, and a variety of other games are compatible with the system. On the other hand, the Xbox 360 can play many games, some free.
Q: How did the internet become a part of everyday life?
A: One of the first websites was “Yahoo!” which allowed users to search for information. In the 1990s, the web became more popular because of the invention of the World Wide
Top Myths About the Gaming Industry
1. That gaming industry statistics accurately depict the gaming industry.
2. That there are no female gamers or people of color.
3. That most video games do not have sexual content.
4. That people in the gaming industry are highly educated and intelligent.
5. That gamers can afford to pay for their expensive gaming equipment.
6. That most people who work in the gaming industry enjoy
The gaming industry is one of the most lucrative industries in the world. According to the Bureau of Labor Statistics, the average annual salary in this industry is $53,190. This is much higher than the national average salary of $44,610.
So, if you love games, the industry is for you! It would help if you found a way to make money from them.
As an independent game developer, you can make money by selling your games on your website or other platforms. There are many different ways to market your product, including online marketing, mobile marketing, social media marketing, and advertising.