Global Game Revenues Up an Extra $15 Billion

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Global Game Revenues Up an Extra $15 Billion

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In our new Global Games Market Report quarterly update, we forecast that the games market will grow 19.6% to $174.9 billion this year.

We anticipate that the market will continue to grow, generating $217.9 billion in 2023.

Console and mobile gaming revenues are most boosted by the pandemic, but when it comes to regions, the impact is spread relatively equally.

In line with previous forecasts, China and the U.S. still represent 49% of the world’s games market in terms of consumer-generated revenues

With the population being encouraged to stay at home and limit social interaction, people have turned to gaming en masse.

Gaming has been a means for entertainment, escapism, and socializing and interacting with friends/family for many consumers, leading to unprecedented growth for the games market.

We now forecast that PC games will generate $37.4 billion in 2020, up from our previous forecast of $36.9 billion.

Games on mobile will generate $86.3 billion in 2020, up from our previous forecast of $77.2 billion.

Games on console will generate $51.2 billion in 2020, up from our previous forecast of $45.2 billion.

Mobile gaming is both the largest segment by revenue and growth. Mobile’s low barrier to entry—as well as the widespread availability of smartphones—make it an ideal place to start gaming for newer players across all regions.
https://newzoo.com/insights/articles/ga ... -forecast/
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