The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rapid increase in the number of active gamers across the world are expected to drive innovation in console games manufacturing, thus driving the market during the forecast period.

The global console games market is expected to grow from $73.01 billion in 2022 to $80.47 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The global console games market size is expected to grow to $113.17 billion in 2027 at a CAGR of 8.9%.

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Global Console Games Market Segments Include:

• By Type: Digital Console Games, Online/Microtransaction Console, Physical Console Games
• By Application: Shooter, Action, Sport Games, Role-Playing, Adventure, Racing, Fighting, Strategy, Other Applications
• By Device: TV, Computer/PC, System Consoles”
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global console games market in 2021.

Major Market Players in the console games market include Tencent Games, Sony Interactive Entertainment, Microsoft Studios, Activision Blizzard, EA, Nintendo, Take-Two Interactive, Rockstar, Ubisoft.

There has been a rapid growth in the mobile/tablet gaming owing to introduction of new smart phones/tablets with enhanced features to play video games without having to connect an external device/console. For example, the ease of using a mobile phone for multiple purposes such as messaging, internet use, and gaming has led to the maximum adoption of mobiles without having to sit in a fixed location with an external console device. Due to the mobility offered by mobile/tablet based games, console games market may decline. According to the recent data from GMM, mobile gaming segment was close to 47% of the total revenue of the global games market and is further increasing at a strong growth posing a significant threat to the console games market.

The Console Games Global Market Report 2023  provides a console games market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The console games market forecast analyzes console games market size, console games market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Console games are a form of interactive multimedia software that use a video game console to deliver an interactive multimedia experience through a TV or other display device.

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