Games market is expected to decline by 4.3% globally this year, according to Newzoo

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Newzoo game market research team announced its latest report forecast an annual decline of 4.3% for the global games market in 2022, after two years of “exceptional” growth during the COVID-19 pandemic.

In the report (thanks, GamesIndustryBiz), the company estimates that the entire video game market will generate $184.4 billion by 2022, down from the $196.8 billion forecast Newzoo made earlier this year.

This number includes all gaming branches (PC, browser, mobile, console) and especially the console games sector which is looking at a 4.2% drop. A “slow year” in release calendar terms is believed to be a contributing factor, alongside the current economic situation and the pandemic-driven growth boom in 2020/21.

Newzoo Global Games Market Forecast 2022
Picture: new zoo

Despite lower-than-expected forecasts, global revenue is still on track to be higher than it was before the pandemic, with Newzoo calling 2022 a “corrective year” following the unprecedented lockdown growth as people Switch to gaming more than ever. “Our long-term outlook for the games market remains positive,” the report states, predicting 2022 as the only year of correction before growth resumes in 2023 and the numbers pick up. once again.

Despite this small downturn — and let’s not forget that $184.4 billion isn’t really that bad — the company ended things on an upbeat note, calling the future “bright” and forecasting a growth will go from $179.1 billion in 2020 to a whopping $211.2 billion in 2025.

So yes, the video games are working fine, and there’s a good chance this fix will exist on the spreadsheet. The number of increases will almost certainly continue next year. Continue!


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