- Attention Sports & Media
LATEST NEWZOO STATS ON GLOBAL GAMES MARKET
Updated: Jun 4, 2020
HEADLINES:
- Newzoo forecasts the global games market will grow +9.3% YoY to $159.3 billion in 2020
- Global games market projected to exceed $200 billion by the end of 2023

MOBILE:
- 2.6 billion mobile gamers in 2020; just 38% pay for games
- Mobile games will generate revenues of $77.2 billion in 2020, growing +13.3% YoY
Contributing factors:
- Low barrier to entry: more than two-fifths of the global population has a smartphone
- Closure of PC cafes has led may to churn to mobile
- Mobile development is less complex and less exposed to COVID related disruption
CONSOLE:
- Console gaming will grow +6.8% YoY to $45.2 billion from 729 million players
- COVID impacting game development including those ear-marked for next-gen consoles
- Whilst COVID had proven a short term uplift, next gen consoles will kick-start significant growth
PC:
- PC gaming will grow 4.8% YoY to $36.9 billion from 1.3 billion players
- Growth almost fully attributable to lockdown measures
FURTHER:
- Across all 3 segments almost half of consumer spending on games will come from China and the US in 2020
- Growth will be driven from LATAM & Asia Pacific
Summary article HERE
Full report available by subscription HERE