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Gaming Boom: 79% More Hours Viewed on Twitch Compared to Last Year and Marked Increase in Consumer Spending

 

April 20, 2021 (Investorideas.com Newswire) Gaming streaming platform Twitch recorded 2.18 billion viewer hours last March, compared to 1.22 billion hours in the same month of last year, an increase of almost 79%. The gaming industry continues to grow at a remarkable pace - as a new infographic by Kryptoszene.de shows, it is not just users' interest that is on the rise, but also their willingness to spend money on video games.

Amazon acquired the San Francisco-based start-up Twitch in 2014. As the infographic points out, monthly viewer hours at that time were around 186 million in the reference month of March. The investment seems to have paid off; the gaming boom, which was then already underway, has since been further boosted by the pandemic.

Meanwhile, the infographic illustrates how competitive the gaming streaming market really is. YouTube Gaming was the most frequently used platform in the past 12 months, with 53% of consumers reporting using it. The figure for Twitch was 51%, while Facebook Gaming continues to lag behind with a usage rate of 26%.

According to forecasts, consumer spending on video games in Germany is set to rise to around €5.36 billion by 2024. Gamers in the Federal Republic spent €4.24 billion in 2019.

The full story with the infographic, facts and more statistics: https://kryptoszene.de/news/gaming-boom-79-more-hours-viewed-on-twitch-compared-to-last-year-and-marked-increase-in-consumer-spending/

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This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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