In a statement today, MDEC chief executive officer Surina Shukri said the digital games market has been an outlier within the global economy as it far surpasses previous and current expectations, owing to the Covid-19 pandemic which forced many to spend more time at home. — AFP pic
The brainchild of the Malaysia Digital Economy Corporation , it is expected to attract more than 50,000 gamers, developers, distributors and visitors from across 30 countries. “With the pandemic forcing many to work from the comfort of their homes, we are also witnessing a spike in the popularity of video games that are primarily an at-home type activity.
Globally, the video games market is projected to be worth US$159 billion in 2020, around four times more than box office revenues of US$43 billion in 2019, and almost thrice higher than the revenue in the music industry totalling US$57 billion last year.