In context: The PC and console gaming market stays a profitable one for builders and {hardware} distributors, regardless of the decline in pc gross sales in recent times. 2022 noticed the launch of a number of large titles on PC, Xbox, PlayStation, and Change, together with Whole Struggle: Warhammer 3, Elden Ring, Hitman 3, Ghostwire: Tokyo, God of Struggle, and the indie blockbuster, Stray.
Market intelligence agency Newzoo’s PC and Console Gaming Report 2023 reveals a number of fascinating info concerning the state of the worldwide PC and console gaming business. In line with the report, whole gaming income in 2022 hit $92.3 billion, down 2.2% from the earlier yr.
Whereas console video games accounted for 56.2% of the income, PC titles, each boxed and downloaded, accounted for 41.3% market share. The ultimate 2.5% was spent on browser-based video games on PCs.
The U.S. was the largest gaming market on the earth in 2022, accounting for $31.2 billion in revenues and 34% of worldwide gross sales. The Asia-Pacific area got here in at quantity two with $30.2 billion in spending, accounting for 33% of world revenues. Europe was the third-largest market with $24.3 billion in gaming revenues, which was 26% of the worldwide market.
Total, the U.S. and China had been the 2 largest gaming markets globally, accounting for practically half (48%) of the full world PC and console revenues.
One of many extra notable items of data to have come out of the report is that common playtime fell a whopping 23% between 2021 and 2022 throughout Steam, Xbox, and PlayStation. Nevertheless, the report claims that the drop is extra of a “corrective step” as individuals began transitioning to regular life following the pandemic.
One of many main causes for the discount in revenues final yr was the postponement of a number of main releases because of the pandemic-induced roadblocks. Nevertheless, the business is predicted to get a serious increase this yr with the discharge of a number of big-ticket video games like ‘The Legend of Zelda: Tears of a Kingdom.’
The report additionally famous that extra AAA and AA publishers are switching over to the subscription mannequin as firms are opting to launch fewer titles, and are as a substitute specializing in extending the lifespan of current franchises, like Fortnite, Minecraft, and ROBLOX.
The ultimate main level of word within the report is concerning the growing gender equality in gaming. Whereas PC and console gaming has all the time been male-dominated, issues are altering for the higher, as extra girls are taking on gaming critically. In line with the report, 40% of all avid gamers final yr had been feminine, making the market extra equitable than ever.
