Key Takeaways
- The global video games market generated $184.4 billion in revenue in 2023.
- Mobile games accounted for 49% of global games revenue at $90.4 billion in 2023.
- PC games revenue reached $41.5 billion in 2023, growing 1% year-over-year.
- There were 3.24 billion active gamers worldwide in 2023.
- Mobile gamers numbered 1.85 billion in 2023.
- PC gamers totaled 916 million in 2023.
- Global gamers aged 18-34: 40% in 2023.
- Women represent 46% of gamers worldwide in 2023.
- US gamers under 18: 21% in 2023 ESA survey.
- Average AAA game development cost: $200-300 million in 2023.
- Average indie game budget: $50,000-$500,000.
- GTA V development cost: $265 million.
- Esports audience reached 532 million in 2023.
- Esports revenue: $1.38 billion in 2023.
- League of Legends Worlds 2023 viewership: 6.94 million peak.
Video games earned $184 billion last year with mobile leading and billions playing worldwide.
Demographics
- Global gamers aged 18-34: 40% in 2023.
- Women represent 46% of gamers worldwide in 2023.
- US gamers under 18: 21% in 2023 ESA survey.
- 65% of US adults play games in 2023.
- Average gamer age globally: 32 years in 2023.
- 54% of gamers are parents worldwide.
- Mobile gamers skew younger: 40% under 24.
- PC gamers average age: 34 years.
- Console gamers: 48% female in US.
- Gamers with college degree: 37% in US.
- Urban gamers: 60% globally.
- Hispanic gamers in US: 20% of total.
- African American gamers in US: 12%.
- Gamers playing daily: 52% worldwide.
- Casual gamers: 70% prefer mobile.
- Core gamers: 30% multi-platform.
- 28% of gamers are over 50 years old.
- Female mobile gamers: 50% in 2023.
- Male PC gamers dominate at 64%.
- Teens (13-17) gaming 9+ hours/week: 38%.
Demographics Interpretation
Development
- Average AAA game development cost: $200-300 million in 2023.
- Average indie game budget: $50,000-$500,000.
- GTA V development cost: $265 million.
- Cyberpunk 2077 dev cost: over $300 million.
- Marketing costs equal 50-100% of dev budget for AAA.
- Global game devs: 340,000 professionals in 2023.
- Unity engine used by 50% of mobile devs.
- Unreal Engine in 30% of top games.
- Average game dev cycle: 3-5 years for AAA.
- Mobile game dev time: 6-12 months average.
- Layoffs in 2023: 10,500 game workers affected.
- Crunch time reported by 60% of devs.
- Remote work: 40% of devs full-time remote.
- AI tools used by 25% of devs in 2023.
- Female devs: 24% of workforce.
- US game devs: 120,000 employed.
- Canada game industry employees: 50,000.
- Japan devs: 12,000 studios.
- EU game devs: 100,000 workers.
- China game companies: 1,000+ major studios.
Development Interpretation
Esports
- Esports audience reached 532 million in 2023.
- Esports revenue: $1.38 billion in 2023.
- League of Legends Worlds 2023 viewership: 6.94 million peak.
- Valorant Champions 2023 peak viewers: 1.1 million.
- Dota 2 The International 2023 prize pool: $3.1 million.
- Fortnite World Cup 2023 prize: $4 million.
- CS:GO Major 2023 peak viewers: 1.8 million.
- Esports sponsorship revenue: $665 million in 2023.
- Mobile esports viewers: 200 million.
- Twitch esports hours watched: 5 billion in 2023.
- Top esports org revenue: T1 $68 million.
- Faker (LoL) earnings: $1.81 million career.
- Global esports market projected $1.87 billion 2025.
- PUBG Mobile Global Championship 2023: $3 million prize.
- Street Fighter 6 EVO 2023 entrants: 5,279.
- Rocket League Championship peak viewers: 368k.
- Esports betting market: $1.3 billion turnover.
- Women in esports pros: 5%.
- NA esports revenue share: 30%.
- China esports audience: 350 million.
Esports Interpretation
Market Revenue
- The global video games market generated $184.4 billion in revenue in 2023.
- Mobile games accounted for 49% of global games revenue at $90.4 billion in 2023.
- PC games revenue reached $41.5 billion in 2023, growing 1% year-over-year.
- Console games generated $52.1 billion in revenue in 2023.
- In-app purchases made up 75% of mobile games revenue in 2023.
- Global games market ad revenue was $31.9 billion in 2023.
- Premium games sales contributed $24.6 billion globally in 2023.
- The games market is projected to reach $189 billion in 2024.
- SuperData reported $181.3 billion in global games revenue for 2023.
- Video game spending in the US hit $58.6 billion in 2023.
- Nintendo's revenue from games reached $12.6 billion in FY2023.
- Tencent's gaming revenue was $32.1 billion in 2023.
- Sony's gaming revenue grew to $24.9 billion in FY2023.
- Microsoft Gaming revenue was $21.5 billion in FY2024 Q1-Q3.
- EA's net revenue reached $7.38 billion in FY2024.
- Ubisoft's net bookings were €1.65 billion in FY2024.
- Activision Blizzard revenue was $8.7 billion in 2023 pre-acquisition.
- Global games market grew 0.9% YoY in 2023 per Newzoo.
- Digital downloads accounted for 94% of PC/console revenue in 2023.
- Subscriptions and live services generated $25.2 billion in 2023.
- China games market revenue was $45.2 billion in 2023.
- US games market revenue hit $47.8 billion in 2023.
- Japan games revenue was $20.1 billion in 2023.
- Europe total games revenue reached $27.4 billion in 2023.
- Brazil games market grew to $3.0 billion in 2023.
- Global games market expected to grow at 2.8% CAGR to 2027.
- Fortnite generated over $5 billion in revenue since launch by 2023.
- Roblox earned $3.5 billion in revenue in 2023.
- Candy Crush Saga lifetime revenue exceeded $20 billion by 2023.
- Pokémon GO revenue reached $1.1 billion in 2023.
Market Revenue Interpretation
Player Numbers
- There were 3.24 billion active gamers worldwide in 2023.
- Mobile gamers numbered 1.85 billion in 2023.
- PC gamers totaled 916 million in 2023.
- Console gamers reached 620 million in 2023.
- 56% of the global population are gamers in 2023.
- Weekly gamers worldwide: 3 billion in 2023.
- US gamers: 192 million in 2023.
- China gamers: 688 million in 2023.
- Average gamers play 8.4 hours per week globally.
- 2.8 billion mobile gamers expected by 2025.
- Steam monthly active users averaged 132 million in 2023.
- PlayStation Network monthly active users: 118 million in 2023.
- Xbox Live monthly active users: 120 million in 2023.
- Nintendo Switch online users: 38 million subscribers in 2023.
- Roblox daily active users: 70 million in Q4 2023.
- Fortnite monthly active users: 230 million in 2023.
- League of Legends monthly players: 160 million in 2023.
- Minecraft monthly active users: 140 million in 2023.
- GTA Online monthly active users: 15 million in 2023.
- PUBG Mobile monthly active users: 30 million in 2023.
- Call of Duty monthly players: 100 million in 2023.
- Among Us peak concurrent players: 450,000 on Steam in 2023.
Player Numbers Interpretation
Sources & References
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