CHART: A Look at the PC and Console Gaming Market in 2024
A flat growth trend is expected to continue in 2024 and into the coming years
- In 2023, PC and console game revenues grew by 3.1% to $94.0 billion.
- Console games dominated the revenue market in 2023 with a 56% share.
- Newzoo's report presents a cautious optimism for the gaming market in 2024 through 2026.
In 2023, PC and console game revenues grew by +3.1% to reach $94.0 billion primarily driven by downloaded and boxed PC games.
The year was a massive year for game launches with many hotly anticipated, and in some cases, delayed, titles finally making it into gamers' hands, in some ways spoiling them for choice. Notably, a significant number of the year's most successful games were cross-platform releases, with console games taking a larger share of the revenue market at 56%, compared to PC games at 44%.
But, despite this recovery in 2023, a report by Newzoo exploring the current trends and future prospects of the PC and console gaming market has presented cautious optimism for the market in 2024 through 2026, with significant growth expected to be on hold.
