Global games market report

Newzoo's latest report unveils key insights into the gaming industry forincluding market forecasts and emerging trends. Discover what's in store for the gaming landscape this year.

The games market is constantly evolving and several trends have emerged in recent years. Mobile gaming has become a dominant force, with more than half of the global gaming market revenue coming from mobile games. Cloud gaming is also gaining popularity as it allows users to stream games over the internet without the need for a powerful console or PC. Cross-platform gaming has become increasingly important, allowing players to play games on different devices and platforms, and improving the overall gaming experience. Esports, or competitive video gaming, is becoming more mainstream, attracting investment from professional sports teams and celebrities.

Global games market report

Eliza Crichton-Stuart. In the ever-evolving landscape of the gaming industry, the Newzoo Global Games Market Report breaks down revenue, trends, and future projections that influence game development, marketing strategies, and player engagement. With a resilient market poised to overcome challenges, this report paints a vibrant picture of the gaming landscape, offering insights for web3 gaming studios. All signs point to the industry stabilizing after some pandemic and platform-induced turbulence. All segments will grow to varying degrees. However, the growth rate for is a modest 0. Console games, on the other hand, seize the spotlight with a remarkable 7. This success is attributed to the convergence of factors such as the release of postponed titles, the emergence of new hits, and the normalization of console shipments. The PC games market displays steady growth at 1. However, browser PC games continue their downward trajectory, plummeting by

Head of Operations. In particular, we consider average prices and annual purchase frequencies.

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Examples of consumer behavior towards tech and services evolving in new ways:. Behaviors that existed pre-pandemic and were significantly boosted by it:. Challenges caused by the pandemic that will ultimately lead to new opportunities:. In , Live streaming and esports are more popular in Latin America than in any other region, including Asia. Developers should embrace this aspect of gaming culture and make it a key element of their expansion strategies.

Global games market report

The global gaming market size was valued at USD Large people worldwide are inclined toward gaming as one of their major sources of entertainment. Playing video games offers stress relief, gives the experience of working in a team, and helps provide players with a sense of achievement. Such self-satisfaction and joy are assisting in generating more traction. Additionally, it is an effective tool for calming down playful kids and entertaining older adults considering having more free time. Besides, the escalating expenditure on home entertainment systems worldwide is the driving factor for market growth. A large number of people were forced to spend more time at home due to the precautionary measures adopted by the majority of people worldwide in response to COVID People experienced worry, anxiety, and terror as a result of the pandemic. In addition, social gatherings and outdoor activities were prohibited. All of these factors worked together to boost gaming, which is known to provide relief from a range of mental conditions.

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Cloud gaming is also gaining popularity as it allows users to stream games over the internet without the need for a powerful console or PC. The market is updated twice a year. The industry has been adjusting to post-COVID realities and rising interest rates but the pandemic-induced funding has diminished significantly. Post layoffs and unsuccessful gaming ventures make financially lean for many companies. Discover what's in store for the gaming landscape this year. The PC games market displays steady growth at 1. Xbox also plans to launch a mobile app store on Android and an iOS release afterwards. As the gaming landscape adjusts post-COVID and contends with increasing interest rates, companies are adopting risk reduction strategies. This spending factors in discounts, margins, and taxes. This growth is anticipated to continue at an annual growth rate CAGR of 7. Projects entering the competitive games market face challenges, with live-service games requiring prolonged player commitment, limiting opportunities for new projects.

Eliza Crichton-Stuart. In the ever-evolving landscape of the gaming industry, the Newzoo Global Games Market Report breaks down revenue, trends, and future projections that influence game development, marketing strategies, and player engagement. With a resilient market poised to overcome challenges, this report paints a vibrant picture of the gaming landscape, offering insights for web3 gaming studios.

Head of Operations. The use of generative AI tools will continue to ramp up to improve efficiencies in the coming years. From Gen Alpha to Baby Boomers, discover key findings on gaming habits, preferences, and their relevance to web3. All signs point to the industry stabilizing after some pandemic and platform-induced turbulence. They suggest that the next generation of console will be accompanied by a new 3D Mario game, while existing Switch users might be able to seamlessly transfer their Nintendo accounts to the new console, allowing for a smooth transition without losing their existing game libraries. Market numbers for download games, mobile games, online games and gaming networks can also be found in the digital market insights in the video games market. Newzoo predicts that Nintendo is set to launch a new console later this year, marking almost seven years since the Switch's debut. Nostalgia's Impact on Service Games. Related News. Data coverage: The data encompasses B2C enterprises. Generative AI in Game Development. Revenues are generated through in-game purchases, consumer spending on games, and subscription fees.