Understanding the Average Money Spent on Video Games Per Person
Have you ever wondered how much money the average person spends on video games? The gaming industry has seen exponential growth over the years, and with it, the amount of money individuals are willing to invest in their gaming habits. In this article, we will delve into the various factors that contribute to the average money spent on video games per person, providing you with a comprehensive overview.
Market Trends and Demographics
According to a report by Newzoo, the global gaming market is projected to reach $159.3 billion by 2023. This growth is driven by a variety of factors, including the increasing number of gamers, the rise of mobile gaming, and the expansion of esports. The average age of a gamer has also been on the rise, with the current average age being around 34 years old.
When it comes to demographics, men tend to spend more on video games than women. According to a study by the Entertainment Software Association (ESA), men spend an average of $24.35 per month on video games, while women spend an average of $12.36. This discrepancy can be attributed to the fact that men are more likely to purchase premium games and gaming hardware.
Types of Video Games and Spending Patterns
Video games come in various genres, and the spending patterns differ significantly based on the type of game. For instance, action-adventure games, such as the “Call of Duty” series, tend to have higher price points and generate more revenue. On the other hand, mobile games, such as “Candy Crush Saga,” are often free-to-play but generate revenue through in-app purchases.
Table 1: Average Spending on Different Types of Video Games
| Game Type | Average Spending (USD) |
|---|---|
| Mobile Games | $5.00 |
| PC Games | $15.00 |
| Console Games | $30.00 |
| MMORPGs | $50.00 |
Subscription Services and In-Game Purchases
Subscription services, such as Xbox Game Pass and PlayStation Plus, have become increasingly popular among gamers. These services offer access to a library of games for a monthly fee, which can range from $9.99 to $14.99. According to a report by DFC Intelligence, the global gaming subscription market is expected to reach $12.5 billion by 2023.
In addition to subscription services, in-game purchases have become a significant source of revenue for game developers. These purchases can range from cosmetic items, such as skins and avatars, to in-game currency and power-ups. According to a report by Sensor Tower, mobile gamers spent an average of $5.48 per month on in-app purchases in 2020.
Geographical Differences
The average money spent on video games per person can vary significantly based on geographical location. For instance, gamers in North America and Europe tend to spend more on video games than those in Asia and Latin America. This can be attributed to factors such as higher disposable income, a more mature gaming market, and a greater variety of gaming options.
Table 2: Average Spending on Video Games by Region
| Region | Average Spending (USD) |
|---|---|
| North America | $25.00 |
| Europe | $20.00 |
| Asia | $15.00 |
| Latin America | $10.00 |
Conclusion
Understanding the average money spent on video games per person requires considering various factors, including market trends, demographics, types of games, subscription services, in-game purchases, and geographical differences. By examining these factors, we can gain a better understanding of
