50 Years of Gaming History, by Revenue Stream (1970-2020)

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Every year it feels like the gaming industry sees the same stories—record sales, unfathomable market reach, and questions of how much higher the market can go.

We’re already far past the point of gaming being the biggest earning media sector, with an estimated $165 billion revenue generated in 2020.

But as our graphic above helps illustrate, it’s important to break down shifting growth within the market. Research from Pelham Smithers shows that while the tidal wave of gaming has only continued to swell, the driving factors have shifted over the course of gaming history.

1970–1983: The Pre-Crash Era

At first, there was Atari.

Early prototypes of video games were developed in labs in the 1960s, but it was Atari’s release of Pong in 1972 that helped to kickstart the industry.

The arcade table-tennis game was a sensation, drawing in consumers eager to play and companies that started to produce their own knock-off versions. Likewise, it was Atari that sold a home console version of Pong in 1975, and eventually its own Atari 2600 home console in 1977, which would become the first console to sell more than a million units.

In short order, the arcade market began to plateau. After dwindling due to a glut of Pong clones, the release of Space Invaders in 1978 reinvigorated the market.

Arcade machines started to be installed everywhere, and new franchises like Pac-Man and Donkey Kong drove further growth. By 1982, arcades were already generating more money than both the pop music industry and the box office.

1985–2000: The Tech Advancement Race

Unfortunately, the gaming industry grew too quickly to maintain.

Eager to capitalize on a growing home console market, Atari licensed extremely high budget ports of Pac-Man and a game adaptation of E.T. the Extra Terrestrial. They were rushed to market, released in poor quality, and cost the company millions in returns and more in brand damage.

As other companies also looked to capitalize on the market, many other poor attempts at games and consoles caused a downturn across the industry. At the same time, personal computers were becoming the new flavor of gaming, especially with the release of the Commodore 64 in 1982.

It was a sign of what was to define this era of gaming history: a technological race. In the coming years, Nintendo would release the Nintendo Entertainment System (NES) home console in 1985 (released in Japan as the Famicom), prioritizing high quality games and consistent marketing to recapture the wary market.

On the backs of games like Duck Hunt, Excitebike, and the introduction of Mario in Super Mario Bros, the massive success of the NES revived the console market.

Estimated Total Console Sales by Manufacturer (1970-2020)

Source: Wikipedia

Nintendo looked to continue its dominance in the field, with the release of the Game Boy handheld and the Super Nintendo Entertainment System. At the same time, other competitors stepped in to beat them at their own game.

In 1988, arcade company Sega entered the fray with the Sega Mega Drive console (released as the Genesis in North America) and then later the Game Gear handheld, putting its marketing emphasis on processing power.

Electronics maker Sony released the PlayStation in 1994, which used CD-ROMs instead of cartridges to enhance storage capacity for individual games. It became the first console in history to sell more than 100 million units, and the focus on software formats would carry on with the PlayStation 2 (DVDs) and PlayStation 3 (Blu-rays).

Even Microsoft recognized the importance of gaming on PCs and developed the DirectX API to assist in game programming. That “X” branding would make its way to the company’s entry into the console market, the Xbox.

2001–Present: The Online Boom

It was the rise of the internet and mobile, however, that grew the gaming industry from tens of billions to hundreds of billions in revenue.

A primer was the viability of subscription and freemium services. In 2001, Microsoft launched the Xbox Live online gaming platform for a monthly subscription fee, giving players access to multiplayer matchmaking and voice chat services, quickly becoming a must-have for consumers.

Meanwhile on PCs, Blizzard was tapping into the Massive Multiplayer Online (MMO) subscription market with the 2004 release of World of Warcraft, which saw a peak of more than 14 million monthly paying subscribers.

All the while, companies saw a future in mobile gaming that they were struggling to tap into. Nintendo continued to hold onto the handheld market with updated Game Boy consoles, and Nokia and BlackBerry tried their hands at integrating game apps into their phones.

But it was Apple’s iPhone that solidified the transition of gaming to a mobile platform. The company’s release of the App Store for its smartphones (followed closely by Google’s own store for Android devices) paved the way for app developers to create free, paid, and pay-per-feature games catered to a mass market.

Now, everyone has their eyes on that growing $85 billion mobile slice of the gaming market, and game companies are starting to heavily consolidate.

Major Gaming Acquisitions Since 2014

Console makers like Microsoft and Sony are launching cloud-based subscription services even while they continue to develop new consoles. Meanwhile, Amazon and Google are launching their own services that work on multiple devices, mobile included.

After seeing the success that games like Pokémon Go had on smartphones—reaching more than $1 billion in yearly revenue—and Grand Theft Auto V’s record breaking haul of $1 billion in just three days, companies are targeting as much of the market as they can.

And with the proliferation of smartphones, social media games, and streaming services, they’re on the right track. There are more than 2.7 billion gamers worldwide in 2020, and how they choose to spend their money will continue to shape gaming history as we know it.

Which Countries are Mapping the Ocean Floor?

Our vast and complex planet is becoming less mysterious with each passing day.

Consider the following:

• Thousands of satellites are now observing every facet of our planet
• Around three-quarters of Earth’s land surface is now influenced by human activity
• Aircraft-based LIDAR mapping is creating new models of the physical world in staggering detail

But, despite all of these impressive advances, our collective knowledge of the ocean floor still has some surprising blind spots.

Today’s unique map from cartographer Andrew Douglas-Clifford (aka The Map Kiwi) focuses on ocean territory instead of land, highlighting the vast areas of the ocean floor that remain unmapped. Which countries are exploring their offshore territory, and how much of the ocean floor still remains a mystery to us? Let’s dive in.

What Do We Know Right Now?

Today, we have a surprisingly incomplete picture of what lies beneath the waves. In fact, if you were to fly from Los Angeles to Sydney, the bulk of your journey would take place over territory that is mapped in only the broadest sense.

Most of what we know about the ocean floor’s topography was pieced together from gravity data gathered by satellites. While useful as a starting point, the resulting spatial resolution is about two square miles (5km). By comparison, topographic maps of Mars and Venus have a resolution that’s 50x more detailed.

As the map above clearly illustrates, only a few large pieces of the ocean have been mapped—and not surprisingly, many of these higher resolution portions lie along the world’s shipping lanes.

Another way to see this clear difference in resolution is through Google Maps:

As you can see above, these shipping lanes running through the Pacific Ocean have been mapped at a higher resolution that the surrounding ocean floor.

The Countries Mapping the Ocean Floor

The closer an area is to a population center, the higher the likelihood it has been mapped. That said, many countries still have a long way to go before they have a clear picture of their land beneath the waves.

Here is a snapshot of how far along countries are in their subsea mapping efforts:

*An exclusive economic zone (EEZ) is the sea zone stretching 200 nautical miles (nmi) from the coast of a state.

Japan and the UK, which have the 5th and 8th largest EEZs respectively, are the clear leaders in mapping their ocean territory.

Piecing Together the Puzzle

Sometimes tragedy can have a silver lining. By the time the search for Malaysia Airlines Flight 370 concluded in 2014, scientists had gained access to more than 100,000 square miles of newly mapped sections of the Indian Ocean.

Of course, it will take a more systematic approach and sustained effort to truly map the world’s ocean floors. Thankfully, a project called Seabed 2030 has the ambitious goal of mapping the entire ocean floor by 2030. The organization is collaborating with existing mapping initiatives in various regions to compile bathymetric information (undersea map data).

It’s been said without hyperbole that we know more about the surface of Mars than we do about our own planet’s seabed, but thanks to the efforts of Seabed 2030 and other initiatives around the world, puzzle pieces are finally falling into place.