In a nutshell: A brand new report on the worldwide video video games market predicts that 2022 will not see the identical form of post-pandemic slowdown skilled in different tech industries. Revenue is predicted to hit one other document excessive this 12 months, and the US will surpass China relating to client spending.
Newzoo’s report predicts that international gaming income will hit a document $203.1 billion this 12 months whereas participant numbers will attain an all-time excessive of three.09 billion—or nearly 40% of the world’s inhabitants.
Looking at particular person international locations, Newzoo believes that this 12 months will see the US ($50.5 billion) edge forward of China ($50.2 billion) in video games income. The report places this right down to the stricter guidelines imposed on video games within the Asian nation; Chinese regulators final month accredited the nation’s first online game license since July 2021.
The Asia-Pacific area as a complete ($96.3 billion) stays method forward of North America ($54.3 billion), with the previous accounting for nearly half of all the worldwide gaming income, however North America is seeing about twice the yearly development charge because the Asia-Pacific area. We’re additionally seeing fast development within the Middle East & Africa and Latin America.
Mobile gaming can also be persevering with to blow up and is predicted to go the $100 billion mark this 12 months for the primary time. The $103.5 billion from cellular titles would make up greater than half of worldwide video games income.
Consoles are mentioned to be accountable for a lot of this 12 months’s non-smartphone development, with extra folks grabbing Xbox Series X/S, PS5, and Switch consoles, though Nintendo’s machine may run into provide points later in 2022. Console video games income is predicted to hit $58.6 billion, up 8.4% YoY, whereas PC video games are predicted to extend 3.2% to $38.7 billion.
Gaming appears to be one space that is been resistant to the post-pandemic slowdown, which has seen a number of large tech firms’ share costs fall, Netflix lose viewers, and web sites make employees cutbacks.