2024 Global Games Market Report: Navigating Growth and Challenges in the Gaming Industry

The long-awted Global Games Market Report for the year 2024 is now live, bringing with it comprehensive insights and forecasts to guide our understanding of the gaming industry's growth trajectory. As part of our premium subscription service including The Games Market Reports and Forecasts, this report offers a deep dive into market trs, player behavior, revenue predictions, impactful genres, and segments.

This year's edition addresses the pivotal challenges shaping today's gaming landscape while charting out strategic paths for success moving forward. Our analysis delves into how studios at every scale can navigate through an increasingly competitive yet growing marketplace.

At present, the global games market is experiencing a notable shift with playtime on the decline since Q1 2021 and stagnant growth ever since. The market dynamics are converging around fewer big-name studios releasing blockbuster titles that dominate both playtime hours and revenue shares. However, despite these challenges, the market continues to expand.

We anticipate global games revenues to reach $187.7 billion by the of 2024a modest year-over-year increase of +2.3. This growth is largely attributed to the steady demand for gaming experiences across platforms and devices, along with the robust performance on PC and mobile segments.

To provide you with a more comprehensive view, let's look at the market segments:

• PC Gaming: Expected to remn the core segment driving revenue as it consistently contributes around 20 of total global gaming revenues. With steady growth post-Q1 2024, we forecast PC gaming revenue to reach $37 billion by 2027.

• Console Gaming: The console market is poised for recovery with key releases like the long-awted Grand Theft Auto VI and Ninto's new device expected in the coming years. We predict a CAGR of +5 from 2022 to 2027, bringing total revenue to $46 billion by the of this period.

• Mobile Gaming: After witnessing a significant growth surge during the pandemic era, mobile gaming revenue is now stabilizing at around $130 billion in 2024. We forecast an annual decline of -2 over the next few years due to the saturation of the market and fierce competition.

Newzoo's premium subscription service offers unparalleled access to our rich data assets and deep insights into these trs, providing a comprehensive landscape for understanding the dynamics that drive the gaming industry forward.

To further illustrate its value, we're offering an exclusive look at what's included in our subscription through the free download of The Global Games Market Report 2024. This will give you a sneak peek of the detled market sizing data and qualitative analyses behind our forecasts.

So join our community of over 40,000 professionals today and stay ahead with Newzoo's latest industry news insights. to sign up for our Newsletter to keep your pulse on this vibrant ecosystem.

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?Newzoo International B.V., 2024
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