Newzoo Forecasts $187.7 Billion Global Games Market by 2024
Tuesday, 13 August 2024, 06:00
Newzoo's Market Projections
According to Newzoo, the global games market is on track to reach $187.7 billion in 2024, marking a growth of 2.1% year-on-year.
Driving Factors
- Increased Consumer Engagement: More individuals are getting involved in gaming, contributing to market growth.
- Mobile Gaming Popularity: The shift towards mobile platforms is reshaping consumer spending patterns.
- Esports Expansion: The rise of competitive gaming has opened new revenue streams.
Conclusion
The global games market is poised for significant growth, driven by key trends such as consumer engagement, mobile gaming, and esports. As these influences continue to shape the industry, stakeholders should remain attentive to evolving market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.