LATEST NEWZOO STATS ON GLOBAL GAMES MARKET

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

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