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- A recent report suggests that Switch 2 and GTA 6 will boost the games industry’s growth.
- The games industry revenue is projected to reach $92.7 billion by 2027.
- The PC market is expected to grow by 2.6%, while the console market will grow by 7.0%.
The year 2025 is going to be memorable for the gaming industry. The year will see the release of the most anticipated titles, GTA 6 and Switch 2, which were also recently confirmed to be coming later this year.
Following these massive announcements, a recent report suggests that Switch 2 and GTA 6 will likely boost the games industry’s revenue to $92.7 billion by 2027.
Why it matters: While gaming industry revenue has stagnated since the pandemic, it appears the industry will finally see huge growth in the coming years.
The above-pasted screenshot from the latest Newzoo report shows that the gaming industry was doing much better before the pandemic, jumping from $67 billion in 2019 to $80 billion in just a year.
Since then, the numbers have stagnated for four years, but the games industry’s revenue has finally started to grow. As reported, the industry revenue will reach a record $92 billion by 2027.
It has also been projected that PC growth in the coming years will be 2.6%, while console growth will be 7.0%. Of course, these wouldn’t be possible without the launch of the most anticipated GTA 6 and Switch 2.
The report further suggested that from January 2021 to December 2024, around 10 games frequently made up 50 % of all playtime across all platforms, including Fortnite, Minecraft, Roblox, GTA 5, and others.
It has also been suggested that newer games struggle to get playtime from PC players, as many established games already exist. However, console players are more into playing newer titles, with PlayStation having the highest playtime rates for recent titles.
Nevertheless, are you excited about Switch 2 and GTA 6? Do you think they’ll help grow the gaming industry in the coming years? Let us know your thoughts in the comments, or join the Tech4Gamers forums.
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[News Reporter]
Abiyan is on track to complete his Computer Science bachelor’s degree. His enthusiasm for writing and gaming motivates him to keep readers and gamers updated with the latest information from the industry. In his free time, Abiyan enjoys playing Dota 2 and Rocket League. Abiyan has also been cited in reputed websites such as Kitguru, Comicbook, GamingBible, Eurogamer and Gamingbolt.
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