The video gaming industry gained traction during the COVID-19 pandemic thanks to the increased demand for online games and consoles to escape the boredom of being locked at home. The industry participants in this space benefitted significantly from a strong surge in demand.
At the height of the pandemic, Professor Joost van Dreunen of New York University said, “The game industry is swimming in cash. It’s just raining money on these people, on these companies.”
