Gaming Subscriptions Have Plateaued in US After Major Growth In Recent Years

Expert Verified By

Gamers More Interested In Premium Releases!

Gaming subscription services have grown in popularity in recent years as they allow access to hundreds of titles at low prices, and giants like Xbox made over $2.9 billion from subscriptions in 2021.

While subscriptions like Xbox Game Pass and PS Plus Extra are relatively new, recent reports revealed that consumers have already begun to lose interest in such services, with growth in the US stalling between 2022 and 2023.

Following the previous report, Circana’s latest data again suggests that consumer spending on gaming subscriptions has plateaued.

Why it matters: This may be concerning for companies like Xbox, which have invested a lot of time and effort into pushing subscriptions as a core component of their future business.

Subscription Services Xbox Game Pass PlayStation Plus
Source: Gamesindustry

The data highlights that spending on gaming subscriptions in the US has not been able to go beyond its highest level in 2021. While the industry saw rapid growth and progress a few years ago, this is no longer the case.

According to the report, monthly subscription spending has settled at around $400 million, a figure the industry had already reached in November 2021. Multiple reasons have likely contributed to this stalled growth.

The economy is currently worse than it was a few years ago. Necessities of life like gas and food are more expensive than ever, leading to consumers having less disposable income for gaming subscriptions.

Multiple premium releases in 2023 can also be considered a massive reason for the declining interest in subscription services.

Xbox Game Pass

The current year has been full of high-quality AAA titles, showing no signs of slowing down.

Games like The Legend of Zelda: Tears of the Kingdom and Baldur’s Gate 3 have already amassed millions of players, and upcoming releases like Marvel’s Spider-Man 2 and Starfield are expected to attract similar audiences.

Therefore, subscription services are left facing tough competition in the wake of non-stop premium releases.

Nonetheless, both Sony and Microsoft continue to bolster their subscription offerings.

The latter is going all in with Game Pass, and the former is rumored to be introducing a new emulator for PS2 games, potentially using it to improve its PS Plus Premium classic games offerings.

On the other hand, gaming giants like Ubisoft and EA are also invested in subscription services, with the former gearing up to add a massive AAA release like Assassin’s Creed Mirage to its subscription in October.

Was our article helpful? ๐Ÿ‘จโ€๐Ÿ’ป

Thank you! Please share your positive feedback. ๐Ÿ”‹

How could we improve this post? Please Help us. ๐Ÿ˜”

Latest News

Follow Us

104,000FansLike
32,122FollowersFollow

Trending

Dead Space 2 Remake Canceled By EA Following Poor Sales

EA appears to have been let down by Dead Space Remake, canceling the sequel to shift Motive over to Battlefield.

Former Blizzard President Wants Tipping System For $70 Games

The former Blizzard president has pondered over a potential tipping system for games that would allow gamers to pay more after beating games.

Tesla Ranked The Second Largest Nvidia H100 GPU Owner

According to Elon Musk, Tesla currents holds the second highest spot in acquiring Nvidia H100 GPUs after META.

Xbox Creates New Game Preservation Team As It Prepares For Next-Gen

According to reports, Microsoft is now moving full steam ahead with the concept of game preservation, creating a separate team for it.

Xbox Roasted For Saying Gameplay Is Priority Despite Releasing 30FPS Games

Xbox is getting called out for a Tweet where they claim how a game plays is more important than how it looks after launching 30 FPS titles