Newzoo’s second annual PC and console report reveals the market grew 2.6%, but playtime hours are down
Newzoo, the leading provider of PC and console games market engagement and revenue data, released its highly anticipated second annual PC and console gaming report today.
The comprehensive report from the games market intelligence company offers an in-depth analysis of the state of the PC and console gaming industry in 2024. Newzoo’s analysts and researchers provide key insights for game developers, publishers, and industry stakeholders, shedding light on emerging trends, growth opportunities, and strategies to navigate the competitive market.
“The games market has recovered after a slight dip in 2022, but truly significant growth is still not on the immediate horizon,” said Tom Wijman, Lead Analyst at Newzoo. “We remain cautiously optimistic as our data and analysis identified trends and winning strategies to find new players, compete for playtime, and connect gaming with mainstream media.”
Key insights from the report:
The industry will see modest growth amidst market challenges
- The PC and console market is expected to grow by +2.6% in 2023, reaching $93.5 billion in revenue.
Playtime declines
- Average quarterly playtime has decreased by -26% since Q1 2021, with players spending over 60% of playtime on games released six or more years ago.
The future of the franchise
- 60% of new game playtime (or 15% of total playtime) in 2023 went to franchises that release annual installments like Call of Duty, NBA2K, or EA FC.
Emerging markets
- PC and console players in emerging markets have a forecasted CAGR of +4.7% and +4.8%, respectively, from 2023-2026
The full PC and console gaming in 2024 report is free to download on the Newzoo website.
This free resource draws from the Newzoo Platform, with title-level data from the Game Performance Monitor and supporting research and insights from Newzoo’s games, gamers, and games market tools.
About Newzoo
Newzoo is the leading provider of market intelligence for the PC and console games market, offering unparalleled insights into player behavior, market trends, revenues, and forecasts. Trusted by top developers, publishers, and investors worldwide, the Newzoo Platform provides a comprehensive data suite to empower its clients to build informed strategies in the competitive gaming market.
Full Links:
- PC and console gaming in 2024 report: https://newzoo.com/resources/trend-reports/pc-console-gaming-report-2024
- Newzoo Game Performance Monitor: https://newzoo.com/game-performance-monitor
- Newzoo Lead Analyst, Tom Wijman: https://www.linkedin.com/in/tom-wijman/
- Newzoo website: https://newzoo.com/
