Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony's Playstation 5, according to gaming market research firm Newzoo.Newzoo said it expects industry revenue to rise 2.6 per cent to $187.7 billion in 2023, driven by a 7.4 per cent rise in console sa
Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony's Playstation 5, according to gaming market research firm Newzoo.
"Many highly anticipated delayed titles launched in 2023, with more scheduled for release in H2 , and the supply of new consoles has finally caught up to demand," said Newzoo analyst Tom Wijman. Market research firm Circana said U.S. consumer spending on video-game hardware was up by 23 per cent in the first half of 2023. But spending on video game content was flat during the period, as gamers stuck with proven franchises such as Activision Blizzard's"Call of Duty".
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