The video game industry experienced a remarkable growth in 2023, with PC gaming generating over 86 billion euros and console gaming achieving a 3.1 percent year-on-year growth. Despite a slight decrease in revenue between 2021 and 2022, the market began to stabilize in 2023, showing growth and generating over 183.9 million dollars (more than 169,513 million euros).
According to a report by Newzoo, PC gaming revenue from publicly traded companies grew by nearly 9 percent in 2023. Companies like Valve, Epic Games, and miHoYo achieved good results, while those focusing on cross-platform strategies saw significant growth. The report also revealed that mobile games accounted for nearly half of the global market revenue but experienced a slight drop compared to the previous year. New games launched in 2023 generated around $9 billion globally.
The report also highlighted that the average playing time decreased by about 26 percent since the first quarter of 2021, with only around two hundred titles accounting for more than half of all game time in 2023. Chinese and American gamers accounted for roughly half of all video game spending in