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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.

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Jeffrey Rousseau

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Jeffrey Rousseau joined GamesIndustry.biz 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.