PC and console sales are down, but the market is stabilizing | Newzoo

Newzoo recently released its latest report on the console and PC gaming market, which shows that revenue declined by 2.2% last year. However, the report stipulates that this is likely the market stabilizing once more following the pandemic-fueled growth in 2020 and 2021. In fact, most of the market’s numbers are becoming more comparable to those pre-pandemic.

According to the report, there were 1.1 billion PC players and 611 million console players in 2022. The 2.2% decline was mostly due to a 4.2% drop in the console gaming market, as the PC games market increased by 1.8%. Newzoo speculates this could be because of fewer major console releases, as the PC market is less driven by such releases.