2023 Video Game Market Report. PC 22% (+8.4% YoY), Mobile 49% (-2.1% YoY), Console 28% (+0.3% YoY)

[Remij 4,836]

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From 2021 to 2022, games market revenues shrank, though we now define it as a recovery year for the industry. The market stabilized in 2022 and started to grow again in 2023. Our final calculation shows that the global games market generated $183.9 billion in 2023 with +0.5% year-on-year growth (a slight downward correction from our last update in January).

 

Mobile game revenues accounted for slightly less than half of the global market, with a YoY drop of -2.1% to almost $90 billion. In contrast, downloaded and boxed PC games may have only represented 22% of total revenues, but it had the highest growth out of any segment (+8.4% YoY).

PC revenues from publicly listed companies were up nearly 9% YoY. On the private company side, Valve, Epic Games, and miHoYo showed strong performances. We also saw that successful gaming companies pursuing cross-platform strategies acted as a beneficial catalyst for the PC market.

 

Overall, PC and console gaming generated $94.0 billion in 2023, with +3.1% growth YoY. It's important to put this growth in context.

 

While the market has returned to growth, playtime hours have dropped precipitously. According to our recently released PC & Console Gaming Report 2024, average quarterly playtime has decreased by -26% since the first quarter of 2021—the first quarter we had full playtime data for PC, Xbox, and PlayStation. On top of that, 90% of new game revenue in 2023 (remember all the hit titles last year?) was captured by 43 games.

 

You can explore this topic further in the May 2024 Global Games Market Report 2023 update.

 

 

PC gaming grew 8.4% YoY   

 

LMFAO and @jehurey was just beaking that PC gaming was dying   

 

Meanwhile console stayed basically flat, and Mobile was -2.1% YoY  

 

PC by itself is almost as big as all 3 consoles together  

[JonDnD 2,818]

The analyst is watching 

[Goukosan 2,343]

1 minute ago, Remij said:

 

 

PC gaming grew 8.4% YoY   

 

LMFAO and @jehurey was just beaking that PC gaming was dying   

 

Meanwhile console stayed basically flat, and Mobile was -2.1% YoY  

 

PC by itself is almost as big as all 3 consoles together  

 

Console gaming stayed flat with Switch in year 8 declining and Xbox in a free fall off the cliff.   PS5 gains kept the console market flat.   Next year with Switch 2 launch expect to see console market grow again compared to 23 and 24. 

 

Even with Switch on its last leg and Xbox falling off the cliff the console market is bigger than the PC market. 

 

Claiming the PC market is dying is just as silly as claiming the console market is dying. 

 

[Tears of the Cows 1,285]

PC will continue to grow. No reason to own a console outside of Nintendos. 

[Remij 4,836]

20 minutes ago, Goukosan said:

 

Console gaming stayed flat with Switch in year 8 declining and Xbox in a free fall off the cliff.   PS5 gains kept the console market flat.   Next year with Switch 2 launch expect to see console market grow again compared to 23 and 24. 

 

Even with Switch on its last leg and Xbox falling off the cliff the console market is bigger than the PC market. 

 

Claiming the PC market is dying is just as silly as claiming the console market is dying. 

 

PC is bigger than any single console.  New PC GPUs and CPUs are hitting later this year too.  

 

PS is going to start declining though.. Xbox showing no signs of improving.  It's all on Switch to carry the console market in the 2nd half IMO.

[Tears of the Cows 1,285]

I’m going PC+Switch 2 for sure. I wish they sold PCs that took away all function other than gaming tho. Windows  

[Goukosan 2,343]

11 minutes ago, Remij said:

PC is bigger than any single console.  New PC GPUs and CPUs are hitting later this year too.  

 

PS is going to start declining though.. Xbox showing no signs of improving.  It's all on Switch to carry the console market in the 2nd half IMO.

 

The PC market has multiple store fronts, multiple manufacturers and multiple GPUs etc.  The PC Market has more variation than the Console market and yet with two major players declining (Nintendo and Xbox) the console market is about 13 billion bigger than the PC Market. 

 

The console market will be back to booming in 2025 with Switch 2 and PS5 pro driving growth. Plus all the heavy hitters will be hitting in 2025 with GTA6, Switch 2 launch games and Holiday games etc. 

 

 

Edited May 21 by Goukosan

[Remij 4,836]

Just now, Goukosan said:

 

The PC market has multiple store fronts, multiple manufacturers and multiple GPUs etc.  The PC Market has more variation than the Console market. 

 

The console market will be back to booming in 2025 with Switch 2 and PS5 pro driving growth. Plus all the heavy hitters will be hitting in 2025 with GTA6, Switch 2 launch games and Holiday games etc. 

 

 

GTA6 will definitely do numbers for console, that's for sure.

 

I dunno though if PS5 Pro is going to keep PS from declining for long.  GTA6 will obscure the real trend for a year or so.. but GTA6 might also not hit next year and could potentially be early 2026.  We'll see.