Sections

Video game market revenue forecasted to hit $200bn for 2022

Newzoo report also says console games will generate $57bn for the year, up 8% year-over-year

Global video game consumer spending is projected to generate $200 billion for the year of 2022.

As reported by Newzoo, the forecast represents an increase of 5.4% year-over-year, which it says is a new record.

The market intelligence firm also estimates that the mobile game market will grow 5% year on year to $103.5 billion.

Newzoo notes that console titles will generate $57 billion of the year's $200 billion revenue, a growth of 8% compared to 2021.

Meanwhile, PC Gaming is estimated to amass $41 billion during the year, as it grows by 2% year-over-year.

Looking ahead the analyst firm forecasts that during the year of 2024, the global video game market will bring in $222 billion.

More stories

Report: Top 10 companies made 65% of global games market in 2021

Chinese gaming firm Tencent is the no. 1 revenue generator, while top earners revenue grew by 10% for the year

By Jeffrey Rousseau

Report: Mobile RPGs generated $18.5b globally in 2020

Newzoo and Pangle say that the genre accounted for 21.3% of total global mobile market revenue that year

By Jeffrey Rousseau

Latest comments

There are no comments on this article yet. Why not be the first to post one?

Sign in to contribute

Need an account? Register now.