Newzoo's Global Games Market Report 2022
Newzoo, a leading provider of market intelligence for the gaming industry, has released its 2022 Global Games Market Report.
According to the report, globally, the number of players will grow from 2.9 billion in 2020 to 3.6 billion in 2025, a five-year CAGR of +4.3%.
For the first time in the history of Newzoo's coverage of the global gaming market, they are forecasting a year-over-year decline in the gaming market. Newzoo forecasts revenues of $184.4 billion in 2022, a -4.3% year-over-year decline. 2022 is a revised year after two years of high growth, but Newzoo's long-term outlook for the games market remains positive.
In the 2022 market, China and the U.S. took the lion's share. Among them, China accounted for 45.8 billion USD, and the United States 45 billion USD, the two together accounted for 49%.
Newzoo also did a forecast in 2023:
2023 Game Market Trends
1. More 3A and 2A game makers will devote their efforts to service-oriented game development
2. Microsoft's deal with Activision is increasingly likely, but regulators will continue to influence the way game companies operate
3. PC and console game markets will adopt mixed monetization strategies (including advertising)
4. industry M&A trends will slow down in the new year
5. The global semiconductor supply chain will rebound and the console game market will have a good year
6. Hybrid monetization becomes the preferred strategy for mobile game companies, and mobile game user acquisition for (super) casual games will become more difficult
7. B2B cloud gaming segment is expected to achieve solid performance in 2023
8. the development of AI will make game development easier
9. VR games will continue to grow, but will remain relatively niche
10. car games may be closer than we think
Source: Newzoo