A new report from Newzoo today says that the global video games market is estimated to make $197 billion in revenue for the year of 2022.
The market intelligence firm says that the figure represents an increase of 2.1% year-over-year.
Newzoo attributes mobile game consumer spending as the main driver of 2022's total worldwide consumer spending.
Mobile titles are expected to earn $103.5 billion and make up 53% of the global games market.
Meanwhile, console will remain the next biggest segment of the market at 27% of worldwide earnings, with revenues predicted to reach $53 billion by the end of the year.
The rest of global video game spending will go on PC games, forecasted to reach $40.4 million.
In terms of region revenue during 2022, the North American games market is on pace to reach $51.3 billion and Europe is expected to make $34.1 billion.
Africa and the Middle East is projected to amass $7.1 billion in spending this year, while Latin America is predicted to hit $8.7 billion.
Looking ahead Newzoo estimates that in 2025 the global video games market will generate $225.7 billion in revenue.