Key Takeaways
- The global video game market generated $184.4 billion in revenue in 2023.
- Mobile gaming accounted for 49% of global gaming revenue in 2023, reaching $90.4 billion.
- PC gaming revenue grew to $42 billion in 2023, up 2% year-over-year.
- 3.24 billion gamers worldwide in 2023.
- 59% of the global population plays video games.
- Average age of gamers is 35 years old globally.
- Average development cost for AAA game: $200-300 million.
- Average indie game development time: 2.5 years.
- Unity engine used in 50% of mobile games.
- Nintendo Switch sales: 141 million units by 2024.
- PS5 sales reached 59 million units in 2024.
- Xbox Series X/S: 28 million units sold.
- Esports audience: 532 million viewers in 2023.
- Esports prize pools: $150 million in 2023.
- League of Legends Worlds viewership: 6.9 million peak.
Mobile gaming leads a massive and diverse global industry worth over $184 billion.
Demographics
- 3.24 billion gamers worldwide in 2023.
- 59% of the global population plays video games.
- Average age of gamers is 35 years old globally.
- 48% of gamers are women worldwide.
- In the US, 65% of adults play video games.
- Mobile gamers number 3 billion in 2023.
- PC gamers: 1 billion worldwide.
- Console gamers: 1.2 billion active users.
- Millennials make up 40% of gamers.
- Gen Z gamers represent 25% of the market.
- 62% of gamers are over 18 years old.
- Parents gaming with kids: 74% in US households.
- China has 700 million gamers.
- US gamers: 212 million.
- India gamers: 568 million.
- Average playtime per week: 8.5 hours globally.
- Women gamers spend 7.5 hours/week on average.
- 54% of gamers play on smartphones daily.
- Urban gamers: 70% of total player base.
- Gamers aged 18-34: 52% of total.
- Hispanic gamers in US: 22% of population.
- Black gamers in US: 15% play regularly.
- Gamers with disabilities: 20% in US.
- LGBTQ+ gamers: 12% of US players.
- Rural gamers play more hours weekly.
- Boomers (55+) gamers: 24% in US.
- Teens (13-17) daily play: 85%.
Demographics Interpretation
Development
- Average development cost for AAA game: $200-300 million.
- Average indie game development time: 2.5 years.
- Unity engine used in 50% of mobile games.
- Unreal Engine powers 30% of top games.
- Average team size for AAA games: 200-500 developers.
- Crunch time affects 60% of developers.
- Layoffs in 2023: over 10,000 developers.
- Remote work: 70% of devs prefer hybrid.
- AI tools used by 28% of developers.
- Procedural generation in 40% of new titles.
- Cross-platform development: 65% of studios.
- Marketing budget: 30-50% of total dev cost.
- Self-publishing: 45% of Steam games.
- Average mobile game dev cost: $500,000.
- QA testing: 20% of dev timeline.
- Diversity in teams: women 24% of devs.
- Game jams participation: 80% of indie devs.
- Localization into 10+ languages: 50% AAA.
- Asset store usage: 70% of Unity devs.
- VR dev kits adoption: 15% studios.
- Blockchain games: 5% of new releases.
- Dev salaries average $100k in US.
- Ports to new platforms: 25% success rate.
- Crowdfunding success: 40% of Kickstarter games.
Development Interpretation
Esports
- Esports audience: 532 million viewers in 2023.
- Esports prize pools: $150 million in 2023.
- League of Legends Worlds viewership: 6.9 million peak.
- Fortnite World Cup prize: $30 million.
- Dota 2 The International prize pool: $40 million.
- Mobile esports revenue: $1 billion projected 2024.
- Twitch average viewers: 2.4 million daily.
- YouTube Gaming watch hours: 100 billion annually.
- Valorant Champions peak viewers: 1.1 million.
- CS:GO Major viewership: 1.8 million peak.
- Esports pros average salary: $120,000.
- Sponsorships: 60% of esports revenue.
- University esports programs: 400+ in US.
- Women in esports: 15% of pros.
- Street Fighter 6 EVO peak viewers: 315k.
- Rocket League Championship: $4.5 million prizes.
- PUBG Mobile Global Championship: 3 million viewers.
- Overwatch League revenue decline noted.
- Kick streamer growth: 50% in esports.
- Esports betting market: $2.1 billion.
- Call of Duty League average viewers down 40%.
- Apex Legends Global Series: 400k peak.
Esports Interpretation
Platforms
- Nintendo Switch sales: 141 million units by 2024.
- PS5 sales reached 59 million units in 2024.
- Xbox Series X/S: 28 million units sold.
- Steam active users peak: 38 million concurrent.
- Mobile app downloads: 122 billion in 2023.
- PC gaming hardware market: $35 billion.
- Smartphone penetration for gaming: 85%.
- PlayStation Plus subscribers: 47.4 million.
- Game Pass subscribers: 34 million in 2024.
- Epic Games Store paid out $5.2 billion to devs.
- Apple Arcade: 200+ games exclusive.
- Google Stadia shutdown impacted cloud gaming.
- VR headset shipments: 8.5 million in 2023.
- Meta Quest 2 sales: 15 million units.
- Handheld PC like Steam Deck: 3 million sold.
- iOS gaming revenue share: 60% of mobile.
- Android gaming downloads: 90% of total.
- Cloud gaming users: 295 million in 2023.
- Switch 2 rumors boost console market.
- PC bang in Korea: 20,000 venues.
Platforms Interpretation
Revenue
- The global video game market generated $184.4 billion in revenue in 2023.
- Mobile gaming accounted for 49% of global gaming revenue in 2023, reaching $90.4 billion.
- PC gaming revenue grew to $42 billion in 2023, up 2% year-over-year.
- Console gaming revenue hit $52 billion in 2023, driven by hardware sales.
- In-app purchases made up 75% of mobile gaming revenue in 2023.
- The U.S. video game market size was $54.9 billion in 2022.
- China led global gaming revenue with $44.9 billion in 2023.
- Global gaming revenue is projected to reach $189.3 billion in 2024.
- Download revenue on Google Play reached $48 billion in 2023.
- Premium games generated $11.2 billion on mobile in 2023.
- Esports revenue worldwide hit $1.38 billion in 2022.
- Battle royale games generated $20.9 billion in 2022.
- The global video game advertising market was $3.5 billion in 2023.
- Roblox made $3.5 billion in bookings in 2023.
- Fortnite generated over $5 billion in revenue since launch by 2023.
- Candy Crush Saga earned $1 billion annually on average.
- Steam generated $8.9 billion in revenue for developers in 2022.
- Nintendo's revenue from games reached $12.6 billion in FY2023.
- PlayStation Network revenue was $25.3 billion in FY2023.
- Xbox content and services revenue hit $15.4 billion in FY2023.
- Global cloud gaming revenue reached $2.4 billion in 2023.
- In-game purchases revenue worldwide was $87 billion in 2023.
- Europe gaming market revenue was $28.5 billion in 2023.
- Japan gaming revenue stood at $17.1 billion in 2023.
- South Korea gaming revenue was $16.7 billion in 2023.
- India gaming market grew to $3.1 billion in 2023.
- Brazil gaming revenue reached $2.6 billion in 2023.
- Global VR gaming revenue was $1.2 billion in 2023.
- Metaverse gaming revenue projected at $8 billion by 2028.
- Subscription services like Game Pass had 25 million subscribers in 2023.
Revenue Interpretation
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