Report: Games investments hit $38.5bn in 2021

Report: Games investments hit $38.5bn in 2021

The amount of money invested in the video games industry soared during 2021.

That's according to research from Digital Development Management (DDM), which says that $38.5 billion was invested into the sector last year, a 191.7 per cent increase on the $13.2 billion the previous year. The number of deals rose from 406 to 765, too. 

On top of that, $37.6 billion was spent on acquisitions within the games space, representing a 232.7 per cent increase year-on-year. The number of M&As increased from 220 to 325. 

As impressive as this is, it is already dwarfed by the amount of money spent on acquisitions for 2022, which currently stands in excess of $81.4 billion due to Microsoft's expected $68.7 billion purchase of Activision Blizzard and Take-Two's $12.7 billion purchase of Zynga.

"2021 was the highest year to date across the value and volume of investments, M&As, and IPOs—it’s the biggest year for the gaming industry," DDM wrote on Twitter.

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.