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Will the games market grow in 2023?

The global gaming industry is set to continue its growth trajectory in 2023, with an anticipated revenue of nearly $188 billion, up 2.6% from the previous year.

Console sales are expected to be the primary driver of revenue growth, rebounding from underperformance in 2022 due to pandemic-related delays.

The industry is also witnessing increased engagement among younger generations, while "transmedia releases" like movies and TV shows based on games are helping legitimize the industry for non-gamers.

This report highlights the dominance of the Asia-Pacific region in global gaming, driven by markets in India, China, Japan, and South Korea. At the same time, North America and Europe are projected to account for a significant revenue share.

Overall, the gaming landscape is evolving and expanding, with the market projected to generate a yearly revenue of $212.4 billion in 2026.

Get more insights into the games industry: https://www.latimes.com/entertainment-arts/business/story/2023-08-21/global-gaming-industry-report-2023-league-of-legends-activision-electronic-arts-nintendo-mobile-gaming-mario-bros

3 takeaways on the state of the global games market (hint: it's growing) The global games market will generate $187.7 billion in 2023, up nearly 3 % from last year, a new report from Newzoo projects.