Newzoo’s latest Global Games Market Report forecasts a promising outlook for the interactive entertainment industry in 2024, projecting total revenues to reach $187.7 billion, a 2.1% increase from the previous year. Mobile gaming remains the driving force behind this growth, expected to generate $92.6 billion in revenue, accounting for 49% of the total market. Console gaming follows closely behind with $51.9 billion (28%), while PC gaming secures the third position with $43.2 billion (23%).
While mobile and PC gaming are anticipated to see growth in 2024, the console gaming segment is projected to experience a slight decline of around 1% compared to 2023. It’s important to note that this data excludes revenue streams from advertising, hardware and peripheral sales, and earnings from regulated gambling games.
Newzoo’s comprehensive report offers detailed insights into the market trends and factors influencing the growth of the games industry. The report is available for free on their website, providing valuable information for industry stakeholders and enthusiasts alike.
