Global
Report
Gaming Report 2024: Meet the Moment – How Gamers Are Changing the Game
The report demonstrates that the global video‑game market reached $196 billion in 2023 and is expected to grow at roughly 6 % per year through 2028. Growth is driven by a youthful demographic—80 % of players aged 2‑18—who devote nearly one third of their entertainment time to gaming. These gamers increasingly engage in immersive, cross‑platform ecosystems that combine social interaction, co‑creation and real‑world extensions of game IP. Their spending per hour can be up to five times higher when they participate in multiple activities, underscoring the commercial value of integrated experiences. Key findings reveal that 70 % of players use multiple devices and 90 % desire a single consolidated marketplace, with half willing to pay for it. Publishers are therefore urged to develop device‑agnostic platforms, strengthen direct relationships with players and employ data‑driven marketing. In the mobile sector, an 80 % failure rate after three years contrasts sharply with a 10–25 % failure rate in software and retail, highlighting the need for highly targeted paid performance marketing, rigorous A/B testing and tight alignment across development, finance and marketing teams. Long‑term acquisition and retention strategies, coupled with generative AI for ad creation and optimization, are identified as critical success factors. Operating models at leading studios are shifting toward standardised core tools, autonomous entrepreneurial teams with clear milestones and strategic embedding of generative AI. Talent attraction now demands a comprehensive package that includes purpose, competitive pay, work‑life balance, learning paths and ESG commitments to remain competitive with the broader tech industry. The report’s thesis is that understanding diverse gamer segments, delivering interoperable cross‑platform experiences and investing in data‑driven, AI‑enhanced operations are essential for capturing the rapidly expanding, monetarily active gaming audience.
Bain & CompanyJan 2024
Report
Games Market Trends 2024
This analysis examines the 2024 global games market, forecasting a period of recovery and strategic restructuring following the post-pandemic market correction. The primary thesis suggests that while the industry is returning to growth, it faces a "lean year" characterized by cautious investment, workforce reductions, and a pivot away from the oversaturated live-service model toward premium, finite gaming experiences. Key findings indicate that the market began recovering in 2023 and is projected to maintain a positive Compound Annual Growth Rate (CAGR) of +1.3% through 2026. Despite this growth, the report highlights a significant shift in business strategies. Developers are increasingly favoring established Intellectual Property (IP) and sequels to mitigate risk. Furthermore, the "gold rush" for live-service titles is cooling as 19 games currently command 60% of total playtime, leading companies to return to premium releases. Other major trends include the slowing growth of multi-game subscriptions, the expansion of mobile developers into the PC space to combat rising user acquisition costs, and the anticipated launch of next-generation Nintendo hardware. The scope of this research is global, covering mobile, PC, and console segments with revenue and engagement forecasting extending from 2021 through 2026. The methodology combines internal data analysis from the Newzoo platform with a qualitative survey of gaming executives and experts from organizations such as Ubisoft, Savvy Games Group, and Iron Galaxy Studios. Technological and platform shifts also define the 2024 outlook. Generative AI is expected to improve production efficiencies and NPC depth, though it is not predicted to impact game production at scale within the current year. Additionally, the report anticipates increased platform fluidity, specifically noting Microsoft’s intent to launch an Xbox mobile store on Android to challenge existing app store duopolies.
NewzooJan 2024
