Regulatory changes in China and the absence of new global blockbusters have had an effect on the global games market. Newzoo now forecasts that it will reach $63.2 billion in 2018 (+12.8% YoY)—down from its previous estimate of $70.3 billion (+25.5% YoY).
This revision is a result of Newzoo’s continuous analysis of the H1 financial results of more than 100 public companies, app analytics, and key market developments year-to-date.
- Mobile games will remain the largest segment in 2018 with 47% of the global games market.
- At the same time, the impressive growth of console and, to a lesser extent, PC gaming, has led us to increase in Newzoos 2018 revenue estimates and forecasts for these segments. The console game market will grow to $38.3 billion (+15.2% YoY), up from our previous estimate of $34.6 billion (+4.1% YoY).
- Overall, the 2018 global games market is forecast reach $134.9 billion in 2018, a decrease from previous estimates of $137.9 billion
- Overall the industry is growing at a healthy pace: +10.9% from 2017, or $13.2 billion. By 2021, the market will reach $174.0 billion with mobile games accounting for 52% of revenues.