2. INDUSTRY OVERVIEW
Revenues are correcting in 2023 and have reached $184 billion via consumer spending (+5.4% year on year) while showing strong blast in the beginning of 2024.
The global player numbers will also have a breakthrough this year, passing the three-billion mark to reach 3.09 billion players by the end of the year.
PC Gaming continues to be one of the most popular forms of video gaming despite the increasingly impressive competition from both the console market and mobile gaming platforms. The PC Hardware industry alone will be worth $70 Billion by 2023, showing that many are still heavily invested due to their providing the best possible hardware in PC builds for gaming.
And when it comes to PC gaming, Steam is still the platform of choice for consumers as it still sits comfortably on the top spot among video game sellers, bringing in $4.3 Billion in 2017 alone.
Sources: VGA24/7, DFCint, NewZoo, Steam
Game Revenues by Region:
Regarding game revenues via consumer spending, the U.S. ($50.5 billion) will generate more than China ($50.2 billion) in 2022.
Which country region has the most players?
As you can see, emerging regions are the only places to show double-digit growth. However, the more mature regions of Europe and North America are also showing strong growth, thanks to the performance of PC in the former market and consoles in the latter.
PC Market Will Also Show Growth
PC game revenues will grow slightly slower than console but still will show a +1.9% increase to $41.0 billion in 2022.
What Does the Future Hold for Global Games Market Revenues?
The games market will continue to grow in the following years, reaching $222.6 billion in 2024, a +5.6% CAGR (2020 to 2024):
Is the games market growing? We see increasing numbers from 2020, 2021, and 2022, and a positive forecast for 2024.
The future is bright, across mobile, PC, and console alike.
Global NFT performance 2022 Q1
● Collectibles represent the largest-ever share in the NFTs markets, with nearly 80% of the total volume traded.
● Blockchain Gaming remains a significant segment in the number of sales and active wallets.
● The Metaverses, although over-hyped, currently represent only a minor part of the overall NFT industry.
NFT market growth predictions (2022-2026)
The non-fungible token (NFT) market share is expected to increase by USD 147.24 billion by 2026, and the market’s growth momentum will accelerate at a CAGR of 35.27%.
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