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. Finally, Virtual Reality VR gaming is becoming more advanced and accessible, providing players with a more immersive and engaging experience. These trends are expected to continue shaping the games market in the coming years as the industry continues to innovate and evolve.

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 Cloud gaming emerges as a star in the making, poised to gather

However, global games market report, the growth rate for is a modest 0. This market encompasses a wide range of products, including console games, PC games, mobile games, and online games. Newzoo's latest report unveils key insights into the gaming industry forincluding market forecasts and emerging trends.

.

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.

Global games market report

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. Despite recent growth in audience and engagement, average spend per player in Latin America remains relatively low.

Urbandale public library hours

The industry is shifting away from funding massive new projects and prioritizing sequels and leveraging existing intellectual properties IPs. Share this article. The games market is constantly evolving and several trends have emerged in recent years. To mitigate risks, companies opt for risk reduction strategies, favouring sequels and established IPs over new ones. Xbox also plans to launch a mobile app store on Android and an iOS release afterwards. Additional definitions for each market can be found within the respective market pages. Nintendo's New Console with 3D Mario. The industry, however, faces challenges in a highly competitive market where retaining players in live-service games becomes crucial. Analyst Opinion The games market is constantly evolving and several trends have emerged in recent years. With Asia and mobile gaming captivating current headlines, the report underscores the importance of these trends for web3 gaming. The incursion of AI into gaming is a phenomenon gaining momentum, promising transformative effects on the final product and production processes. Projects entering the competitive games market face challenges, with live-service games requiring prolonged player commitment, limiting opportunities for new projects. As the gaming landscape adjusts post-COVID and contends with increasing interest rates, companies are adopting risk reduction strategies. Additional Information: The market comprises revenues, users, average revenue per user, and penetration rates.

The global gaming market size was valued at USD Large people worldwide are inclined toward gaming as one of their major sources of entertainment.

In its latest report , market intelligence firm Newzoo projects a positive trajectory for the global gaming market in Post layoffs and unsuccessful gaming ventures make financially lean for many companies. Head of Operations. Forecasts: We apply a variety of forecasting techniques, depending on the behavior of the relevant market. In some cases, the data is updated on an ad hoc basis e. This growth is expected to lead to a market revenue size of Skip to main content. With access to a wealth of gaming IPs, including Candy Crush, Xbox aims to leverage its cloud gaming capabilities and Xbox Game Pass service for broader reach on mobile. In particular, we consider average prices and annual purchase frequencies. The accessibility of games has increased with the rise of mobile and cross-platform gaming, allowing a wider audience to play games and driving growth in the market. Despite an anticipated lean year in terms of game releases, Newzoo expects live-service games and back catalogue sales to drive growth. Toogle Sidebar. Cross-platform gaming has become increasingly important, allowing players to play games on different devices and platforms, and improving the overall gaming experience. Furthermore, the number of users in the Games market is projected to reach 2.