The analysts expect the gaming market to keep growing across PC, console, and mobile reaching $203.1 billion in 2022, and $222.6 billion in 2024.
Newzoo has shared new data on the gaming market in 2022. The analysts estimate that the games market generated $192.7 billion in 2021 and forecast that its revenues will see a 5.4% growth via consumer spending in 2022 reaching $203.1 billion, therefore, hitting a new record.
The firm predicts that mobile game revenues will grow by 5.1% to $103.5 billion in 2022. Console games revenues will increase as well generating $56.9 billion (up 8.4% compared to the previous year). PC will also show growth, however, it will be slightly slower than mobile and console. The analysts predict it will show a 1.9% increase reaching $41 billion in 2022.
The player numbers around the world will grow substantially and will amount to 3.09 billion players by the end of the year.
Speaking of gaming revenues via consumer spending by region, Newzoo notes that the US market will generate $50.5 billion surpassing China by $300,000. The firm attributes that to the Chinese government's move to limit new game releases and young people’s gaming time in the country.
However, Asia-Pacific still remains the biggest region by revenues by a massive margin generating $96.3 billion. Although Western regions also show strong growth due to the great performance of PC in Europe and console in North America.
The analysts predict that the gaming market will show continuous growth reaching $222.6 billion by 2024 due to innovations across PC, mobile, and console.
The mobile market will keep adapting live services and hybrid monetization with games getting more and more complex and immersive. Besides, console- and PC-first companies will bring their franchises to mobile devices to strengthen their growth and increase their revenues. PC and console, meanwhile, will expand subscription services to give players the ability to choose their way to play.
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