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In new report on the state of the gaming industry for the last reporting year, Newzoo analyses the overall state of the market, and talk about the best games and the major changes affecting the industry. Details: https://lnkd.in/dvhUJPrs #report #games #gaming #marketing #pc #console

https://lnkd.in/dqhJKTsi Global games market will increase by 2.88% to generate USD 189.3 billion in 2024  Recent Newzoo's analysis estimate that, in a highly competitive environment, the total market outlook for PC and console gaming is optimistic. After two years of decline due to difficult business conditions, especially around user acquisition, mobile gaming is likely to recover. #Newzoo #research #report #study #data #estimations #trends #market #onlinegaming #videogames #mobilegaming #consolegaming #technology #ArtificialIntelligence #revenue #players #gamers #betting #growth #consumers #content #titles #premiumgames #liveservicegames #genres #extractionshooters #providers #publishers #developers #strategies #engagement #business #entertainment 

Great read! The global games market is expected to generate $189.3 billion in 2024. 🔎 Dive deeper into the details in the article below.

Great read! The global games market is expected to generate $189.3 billion in 2024. 🔎 Dive deeper into the details in the article below.

Great read! The global games market is expected to generate $189.3 billion in 2024. 🔎 Dive deeper into the details in the article below.

⚡️ Gaming Reports — April 1 — April 5 (2024) 👉 Newzoo released their PC/Console gaming report that’s covering 2023 results. It goes well with 2,6% growth mainly driven by the PC sector, until you’re going deeper into the details. With the release of Baldur’s Gate III; Hogwarts Legacy; Final Fantasy XVI; Diablo IV; Marvel’s Spider-Man II; The Legend of Zelda: Tears of the Kingdom & many more, the market grew by 2.6%. It's better than decline, yes, but it’s the lowest growth rate since 2015. You probably have seen articles stating that the PC/Console gaming market has reached its ceiling — not yet, but it seems we’re somewhere near. The second thing — 66 titles were responsible for 80% of the PC/Console playtime in 2023. Average age of top MAU titles on PlayStation, Xbox, and PC is from 7.2 to 9.6 years. It's the hardest time ever to jump in with the F2P titles, and it won’t get easier soon. The B2P model with the GAAS approach partly answers the question — your user starts with an ARPU instantly. Third that's important — if you're writing in your pitch, that you'll take the audience of Fortnite; League of Legends; Counter-Strike, or any other behemoth — think twice. Doing just better or slightly different won't work. Your games must be unique to compete for the crown. It's a very good report, and it shows that the market changed. This might be terrifying but new names are appearing — Palworld; Helldivers II are showing, that everything is possible. 👉 Sensor Tower also shared its annual State of Games, highlighting all trends, numbers, and genres of 2023. Revenue declined by 2%; downloads by 10%. All metrics went down to the pre-pandemic years, and for some genres (like mid-core) — it even went lower than in 2019. Remember about the ceiling? However, I've been saying for a long time that tracking tools are missing part of the revenue, which goes to top-up solutions. This part is extremely popular within mid-core titles, so, in reality, the revenue might be higher. Also, the mid-core audience seems to overlap with PC/Console — and there’ve been tons of new releases. With general numbers going down, I’m still quite positive about the mobile market. North America is growing by Revenue; Europe, Latin America, Middle-East too. 👉 Thanks to AppMagic I've checked the top titles of March 2024 on Mobile. And there are surprises! Last War: Survival Game ($66.2M Net IAP Revenue) & Legend of Mushroom ($54.5M Net IAP Revenue) — remember those titles. Two new games in the top 10 by Revenue on Mobile — I haven’t seen them for a long time. I’ll leave a link to the weekly recap in the first comment. Let’s see where LinkedIn algorithms will bring the post 🙂

Great read! The global games market is expected to generate $189.3 billion in 2024. 🔎 Dive deeper into the details in the article below.

Great read! The global games market is expected to generate $189.3 billion in 2024. 🔎 Dive deeper into the details in the article below.

Want to get the best bang for your buck when gaming on your PC? Check out these great subscription services! #PCGames #GamingSubscription #GamingServices #TechReviews #GameStreaming #GamingCommunity #DigitalEntertainment #GamingExperience #TechInsights #GameSubscriptions #OnlineGaming #PCGaming #GamingPlatforms #TechGadgets #DigitalGaming #GamingRecommendations #TechDiscovery #GamingTech #GamingCommunity #MakeUseOf https://lnkd.in/gymwV8i8

PC and console gaming revenue growth is expected to remain below pre-pandemic levels through to 2026.