Gaming Generated A Whopping $184 Billion In 2023

Expert Verified By

46% Revenue Generated From Asia-Pacific Alone!

Story Highlight
  • A report has revealed that the global games market generated nearly $184 billion last year.
  • Asia-Pacific region has generated the most, but it has seen a decline of 0.2% YoY.
  • Apart from Asia-Pacific, nearly every region has seen growth in its gaming revenue.

There are many platforms available for gaming, and the most known ones are arguably PCs and mobile phones. However, the market also ranks PlayStation, Xbox, and Nintendo quite high. These platforms generate an insane amount of revenue.

PC gaming contributed the most to gaming’s growth last year thanks to platforms like Steam. That said, a report has revealed that the global games market generated nearly $184 billion in 2023.

Why it matters: Gaming is more popular than ever worldwide and has become a global phenomenon, and these figures highlight just how big the industry has become.

Global Games Market Growth
Global Games Market Growth via Newzoo

Among these, the Asia-Pacific region has contributed the most to the industry’s revenue. Newzoo recently released a report revealing important information about the games market. It states that the gaming industry made nearly $184 billion in 2023.

The report highlights that the market will continue to grow thanks to the following:

“improved mobile internet infrastructure, affordable access to the internet, the availability of affordable gaming, and the growing number of smartphone users.”

As mentioned before, Asia-Pacific is the biggest games region in 2023, as it has helped the industry generate $84.6 Billion. This is massive, but the report shows that it has seen a 0.2% decline year over year.

Elsewhere, no other region saw a decline. The rest of the world has seen a generous incline.

a gaming PC
PC Has Played A Major Role In The Growth of Gaming Market In 2023

The second biggest region for games is North America, as it has generated nearly $50 billion and has seen an increase of 0.3% on a year-on-year basis. The third biggest region is Europe, with $33.7 billion and a 1.3% increase on a year-on-year basis.

Other important regions include Latin America, the Middle East, and Africa. These regions are also rapidly growing, showing an increased interest from general gaming audiences.

Gaming seems to be on the rise globally, with more interest from audiences than ever before.

As publishers focus more on PC and mobile gaming, these figures will only go up in the coming years. Newzoo estimates revenue will double by 2026, bringing this figure up to over $200 billion.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Gear Up For Latest News

Get exclusive gaming & tech news before it drops. Sign up today!

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

OpenAI Partners With AMD To Buy Chips Worth Billions of Dollars

OpenAI and AMD have come together to enhance the world's current AI compute capabilities with a massive deal worth billions of dollars.

Assassin’s Creed Mirage Valley of Memory Free DLC Offers 6+ Hours of New Gameplay

Assassin's Creed Mirage is getting a free DLC titled 'Valley of Memory', set to release later this year on November 18th.

Black Ops 7 Beta Struggles on Steam – Player Count Nearly 5x Lower Than Battlefield 6 Beta

According to SteamDB, Black Ops 7 beta player count only topped at about 100K players, compared to Battlefield 6 beta's over 500K.

Activision Claims 97% Of Black Ops 7 Cheaters Are Banned Within 30 Minutes

97% of Call of Duty: Black Ops 7 cheaters were banned within 30 minutes of signing in, while only 1% made it into the game.

Silent Hill 3 Remake Reportedly Coming in 2028 as Bloober Team Works on Resident Evil-Inspired New IP

Bloober Team is rumored to be working on a Silent Hill 3 remake and a new Resident Evil-inspired IP, with releases expected in 2026 and 2028.