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.

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