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The games market in 2023 is ‘one for the history books’ – for good and bad

PreMortem.Games

Top image: Baldur’s Gate 3 by Larian Studios It’s time to look back at what the year 2023 has meant for the games industry. It’s a year with two faces: one, a blockbuster-filled period with many titles competing for the Game of the Year crown, and the other, the harsh reality of over 9,000 people losing their jobs.

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Newzoo expects a ‘lean year’ for the industry but also predicts growth for 2024

PreMortem.Games

In their latest free report , Newzoo is optimistic about the total market outlook for PC and console. And even though this year’s release catalog is expected to be less impressive than 2023’s, live-service games, and back catalog sales will make up for it.

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The Mobile Games Industry In the Year 2023

Deconstructor of Fun

1 Organic Discovery Will Be Declared Deceased In 2023, the iOS and Play stores will be officially declared dead - and no funeral will be held. The k-factor, which measures the virality of a game, is at an all-time low. Will Netflix launch its first proper hit game in 2023? Don’t miss our podcast crew’s predictions.

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Console Gaming’s Triple Threat

Deconstructor of Fun

The gaming industry’s impact ripples far beyond the 3.4 billion in revenue it will generate in 2023. We can say with more confidence than ever that gaming is at the heart of media and entertainment. Yet this year it’s the console segment that is the biggest revenue growth driver, with an impressive +7.4%

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Bucking the Recession in Mobile Gaming

Deconstructor of Fun

and Deconstructor of Fun’s latest collaborative report, we dive deep into a comprehensive analysis of the mobile gaming sector and which genres are defying the economic slowdown. These three factors have traditionally made mobile gaming venture capital (VC) friendly, which brings in the capital that keeps the flywheel going.

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Newzoo: Global games market expected to grow to $189bn in 2024

GamesIndustry.biz

Newzoo said the market generated an estimated $184 billion in 2023, a small 0.6% The data firm added it was "optimistic' for the PC and console segments, while mobile gaming is "likely to recover" after difficult conditions for the past couple of years. increase over 2022, which itself was down 5% year-on-year.

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How Mobile Gaming Could Come to an End

Deconstructor of Fun

Facebook used games for growth and discarded them quickly as it didn’t need them anymore. The platform killed the booming gaming business by handicapping the distribution channels used to grow our games. I believe that mobile games could be facing the same deliberate death-by-a-platform as games Facebook suffered a decade ago.