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. Eliza Crichton-Stuart.

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 An astonishing

However, the growth rate for is a modest 0. Physically Sold Video Games comprises revenues associated with in-person purchases of video games in retail stores.

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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.

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.

Grazy games

Finally, Virtual Reality VR gaming is becoming more advanced and accessible, providing players with a more immersive and engaging experience. Toogle Sidebar. The use of generative AI tools will continue to ramp up to improve efficiencies in the coming years. Developing mobile-friendly games and IPs influenced by Japanese gaming aesthetics could yield fruitful results in this context. With Asia and mobile gaming captivating current headlines, the report underscores the importance of these trends for web3 gaming. Newzoo's latest report unveils key insights into the gaming industry for , including market forecasts and emerging trends. Slowdown in Subscription Service Growth. With a resilient market poised to overcome challenges, this report paints a vibrant picture of the gaming landscape, offering insights for web3 gaming studios. The market is updated twice a year. Nostalgia's Impact on Service Games. In its latest report , market intelligence firm Newzoo projects a positive trajectory for the global gaming market in

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.

From Gen Alpha to Baby Boomers, discover key findings on gaming habits, preferences, and their relevance to web3. Return to Premium Games. Mobile gaming has become a dominant force, with more than half of the global gaming market revenue coming from mobile games. Generative AI in Game Development. However, the technology won't significantly impact game production at scale in Cross-platform gaming has become increasingly important, allowing players to play games on different devices and platforms, and improving the overall gaming experience. Forecasts: We apply a variety of forecasting techniques, depending on the behavior of the relevant market. All signs point to the industry stabilizing after some pandemic and platform-induced turbulence. Additional notes: The data is modeled using current exchange rates. The games market is constantly evolving and several trends have emerged in recent years. 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.