Strategic insights into PC and console gaming in 2024

Ben Porter

Our latest PC and console gaming analysis offers critical insights for strategic planning in the temperamental gaming landscape.

?? Market Dynamics

• Player Base Trends: Post-COVID, player growth is plateauing, presenting a stable yet mature market.
• Revenue Projections: From 2015 to 2021, the industry surged from $62B to $94B. Despite a recent plateau, we project a 2.7% CAGR through 2026, driven by console maturation.

?? Behavioral Shifts

• Declining Engagement: Playtime decreased by 26% from Q1 2021 to Q4 2023, with social media capturing some of this time.
• Revenue Concentration: Despite fewer play hours, revenue per hour has increased, underscoring the value of a core, high-spending audience.

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?? Growth Opportunities

• Console Market: As current-gen consoles mature, expect increased software spending. Mid-cycle hardware refreshes, and an expansive content library will catalyze this growth.
• Core Engagement: Focus on high-engagement titles and emerging breakout hits to maximize market penetration.

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I presented these key trends and insights at GDC earlier in the year and, more recently, at Nordic Game NG24. You can watch the full presentation here:

For a comprehensive analysis to enhance your strategic initiatives, download the full PC and Console Gaming Report here.