Last year, the PC and console games market experienced its first slump in more than a decade. Compared to 2021, total playing time is down nearly 15% and spending is down year over year.
However, these trends are not the death knell for the gaming industry, but we see a correction towards pre-COVID-19 engagement levels and expect player numbers to increase, as will average spend.
In order to keep up with the latest and greatest developments in the PC and console market, we have developed the PC & Console Games Report, a brand new and in-depth look at this huge part of the gaming world.This report provides a comprehensive overview of what to expect in 2023 and beyond.
Read the report highlights here or download the full version. We come to the latest information on PC and consoles.
The PC and console gaming market generated $92.3 billion in 2022.
In 2022, the total revenue of the PC and console market reached $92.3 billion, down -2.2% in one year. Average play time also saw a decline, dropping 23% between 2021 and 2022 on Steam, Xbox, and PlayStation. So it’s no surprise that sales plummeted when the world reopened and live entertainment options were restored. Many companies have also pushed back their highly anticipated titles from 2022 to 2023 and beyond due to the loss of game time and revenue.