Newzoo: In 2022, the video game market earned $182.9 billion. This is less than predicted
Last year, the analytical company Newzoo revised the forecast for the video game market for 2022 several times, gradually reducing expectations from its global revenue. In reality, everything turned out to be worse than in the most pessimistic version.
According to analysts, by the end of 2022, market revenue fell by 5.1% and amounted to $ 182.9 billion, — six months ago Newzoo believed that it would be $ 1.5 billion more. This is the first drop since at least 2007, when Newzoo started tracking the market situation.
The revenues of browser games fell the most. They decreased by 14.8% to $2.3 billion. The second place went to mobile — its revenue fell by 6.7% to $91.8 billion. Then there are console games with a drop of 3.4% ($52.2 billion) and PC games with a drop of 2.6% ($36.5 billion).
Analysts have not yet shared their forecast for 2023. But they reported that, according to preliminary estimates, the video game market will be able to earn $206.4 billion in 2025.
