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Newzoo: Global Video Game Market Dropped 5% in 2022

The market intelligence firm reported a decline in revenue across all segments of the video game market in 2022.

The latest report by analytics firm Newzoo reveals that the global video game market reached $182.9 in 2022, reflecting a 5.1% decline from the previous year. 

According to the analysts, the major part of the market's revenue (50%) was driven by mobile games – this sector generated $91.8 billion. Nonetheless, mobile games experienced a decline of nearly 7% last year compared to 2021.

Console games were the second-highest revenue-generating segment, recording earnings of $52.2 billion. This figure reflects a 3% decline from the previous year. Downloaded/boxed PC games amassed $36.5 billion in revenue, experiencing a 2.6% year-over-year decrease. Meanwhile, browser PC games generated $2.3 billion, reflecting a significant 15% drop from 2021.

In terms of regional spending, the Asia-Pacific region was the leader in the global market, with total spending of $84.8 billion, reflecting a 9% decline compared to the previous year. North America secured the second spot in terms of spending, reaching $49.7 billion, experiencing a 2.5% year-over-year decrease. It was followed by Europe, with a spending of $33 billion, indicating a 2% drop compared to 2021.

It's also worth noting that the United States and China alone accounted for 49% of consumer spending on games.

You can learn more by reading the report here. Also, don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Instagram and Twitter, where we share breakdowns, the latest news, awesome artworks, and more.

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