Newzoo has released its final report for 2022, forecasting the game industry numbers for 2023.
Overall, the gaming industry has a slight decline this year. Newzoo said it was due to a market correction. The company also predicts a changing game market for 2023, although the numbers may vary from period to period surveyed.
Newzoo’s report says the game market in 2023 will generate $184.4 billion. In which, the mobile game segment will generate 92.2 billion USD. PC games are a segment that is expected to grow, especially in role-playing and tactical MOBA games.
Tom Wijman, Newzoo’s lead game data analyst, said in a statement: “We see 2022 as an adjustment year after two years of market lockdowns. Looking back at the pre-pandemic forecast for the games market (from January 2020), revenue for 2021 and 2022 is much higher than anticipated, while 2023 is projected slightly lower. This revised forecast looks like a significant adjustment to the games market, with total revenue generated from 2020 to 2022 almost $43 billion higher than our original forecast before. epidemic”.
Newzoo says total revenue generated between 2020 and 2022 is nearly $43 billion more than it initially forecast before the pandemic. Overall, the games market will grow from $179.1 billion in 2020 (+29% y/y) to $211.2 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.4. %. In 2021, game revenue is $192.7 billion, up 7.6%.
The report also features the top 10 games across all platforms, ranked by monthly active users. Out of all the games, the only title in 2022 with big growth is Call of Duty: Modern Warfare II. Others are familiar, stable titles like Roblox, Minecraft, and Fortnite.
Newzoo concludes the report with some predictions about the future development of the gaming industry. It predicts that by 2025, the games industry will generate $211.2 billion, while the mobile games segment will generate $103.1 billion. Newzoo also predicts cloud game sales to grow to $8.2 billion and reiterates predictions that the VR market will double by 2024.
Wijman said the severity of the economic downturn in the world could affect revenue from the game. He noted that mobile games may be more affected by that, as gamers’ incomes will be affected by the economic impact, reducing game deposits.
The Newzoo report tracks real-world results from the top 150 game companies in the world and then summarizes the ratings for accuracy, making estimates based on data from private companies. and sources like Steam.