Video games market analysis group Newzoo has revealed its newest report which forecasts a year-on-year decline of 4.3% for the worldwide video games market in 2022, following two years of “distinctive” progress through the COVID-19 pandemic.
Within the report (thanks, GamesIndustryBiz), the agency estimates that the whole online game market will generate $184.4 billion in 2022, a discount on the $196.8 billion forecast Newzoo made earlier within the yr.
This determine consists of all branches of gaming (PC, browser, cell, consoles), and the console gaming sector particularly is a 4.2% decline. A “gradual yr” in launch schedule phrases is given as one contributing issue, alongside the present financial local weather and the explosive pandemic-influenced progress of 2020/21.
Regardless of the lower-than-expected forecast, world income remains to be monitoring increased than pre-pandemic occasions, with Newzoo labelling 2022 a “corrective yr” following the unprecedented lockdown progress when individuals turned greater than ever to gaming. “Our long-term outlook for the video games market stays constructive,” the report states, predicting 2022 to be the one corrective yr earlier than progress returns in 2023 and the numbers go up as soon as extra.
Regardless of this minor downturn — and let’s not neglect that $184.4 billion ain’t precisely dangerous — the agency ends issues on an optimistic be aware, calling the longer term “vivid” and forecasting progress going from $179.1 billion in 2020 to a whopping $211.2 billion by 2025.
So sure, video video games are doing all proper and can greater than probably survive this corrective blip on the spreadsheet. Numbers going up will nearly actually resume subsequent yr. Keep it up!