The games market is projected to hit $187.7B in 2023 | Newzoo

Newzoo released its latest report predicting that the global games market will generate $187.7 billion this year. It also predicts the global player count will increase by 6% to 3.38 billion, and the global payer count (those who spend on games) will increase by 7.3% to 1.47 billion. In addition, the report shows that 49% of all consumer spending will come from the U.S. and China.

In addition to the size of the games market, the report also forecasts trends for the next few years. The research firm predicts that in 2026 revenues will hit $212.4 billion, and that player count will hit almost 3.8 billion.