In August 2023 Newzoo predicted the video games market would generate $187.7 billion in 2023 however their newest report has revised this estimate right down to $183.9 billion.
This determine comes from the analysis firm’s up to date World Video games Market Report 2023 which reveals a $3.9 billion drop and a 2% lower in Newzoo’s authentic estimate.
Newzoo’s revised estimates additionally present that cellular gaming income sits at $89.9 billion, down 2.1% year-over-year whereas PC gaming income elevated by almost 9%. The mixed PC and console market generated $94 billion, up 3.1% year-over-year.
No trigger for alarm (but)
Regardless of this slight dip, the adjusted report predicts that video games income will attain $207 billion by 2026 and forecasts a 6% year-over-year development in 2025, increased than beforehand estimated indicating that at the moment’s drop is a correctional glitch quite than the beginning of any main new downturn.
Newzoo’s report nonetheless maintains a optimistic outlook because the adjustment is seen as a small wobble in an in any other case sturdy market trajectory which signifies that substantial development continues to be anticipated within the close to future.
Whereas the cellular gaming market holds the most important income share, privateness adjustments from Apple and Google are impacting income development with some key genres experiencing drops regardless of RPGs sustaining a big market share.
As Newzoo will get set to launch its 2024 report in July, this would be the final replace on the 2023 report.
