The analytics company Newzoo has published a forecast for the global video game market for 2024. Below are the key figures.
- The gaming market is expected to continue its slow but steady growth in 2024. Revenue will reach $187.7 billion, a 2.1% increase compared to 2023.
- The mobile segment will remain the largest, with revenue reaching $92.6 billion (+3%).
- The forecasted revenue for the console games segment is $51.9 billion (-1%). The PC games segment is expected to earn $43.2 billion (+4%).
- The top 5 genres by revenue on PC are shooters ($7.4 billion), adventure games ($5.8 billion), RPGs, battle royales, and strategy games.
- The top 5 genres by revenue on consoles are shooters ($8.1 billion), adventure games ($7.7 billion), battle royales, sports games, and RPGs.
- 49% of all revenue will be generated by residents of the USA and China. Americans will spend $47 billion on games, while the Chinese will spend $45 billion.
- By the end of the year, the number of gamers worldwide will increase by 4.5% to 3.42 billion. 2.85 billion people will play on mobile devices (+3.5%), 908 million on PC (+3.9%), and 630 million on consoles (+2.3%).