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Report: Mobile game spending projected to hit $108bn in 2023 also says that global cloud-streamed gaming is expected to bring in $3.8 billion across all platforms

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A new report estimates that mobile gaming revenue will reach $108 billion in 2023.'s (in partnership with IDC) Gaming Spotlight 2023 report says that the console market is poised to hit $43 billion, up 3% year-over-year.

The growth is attributed to the rise in spending for Sony's PlayStation 5 and Microsoft's Xbox Series X|S consoles.

PC/Mac games market revenue is expected to increase 4% year-on-year to $40 billion this year.

The market analyst firm said subscription-based game earnings will lead consumer spending in the sector.

Meanwhile, the report said that handheld revenue is forecasted to fall by 20% to under $3 billion. noted that this is due to waning appeal in the Nintendo Switch Lite; interest in Valve's Steam Deck and other handhelds are expected to offset the earnings dip.

Additionally, global cloud-streamed gaming is estimated to make $3.8 billion across all platforms throughout 2023.

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Jeffrey Rousseau avatar
Jeffrey Rousseau: Jeffrey joined in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.
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