What is the size of the console gaming industry?

Video game consoles, or home consoles, generated approximately 20.37 billion U.S. dollars worldwide in 2022.

How big is the gaming console industry?

New York, March 21, 2023 (GLOBE NEWSWIRE) -- The Global Gaming Consoles Market size reached a value of USD 39.3 billion in 2022. The market will continue to grow due to technological advances. It is forecast to expand at 5.3% CAGR over the 2023-2032 period. By 2032, the market will reach USD 65 billion.

How much is the gaming console industry worth?

Revenue in the Video Games segment is projected to reach US$372.00bn in 2023.

Is the console market bigger than PC?

Mobile led the way, with nearly $100 billion in annual revenue accounting for 57.2% of the market. Console content was a distant second at $40.61 billion in annual revenue while PC trailed with $34.12 billion.

What percentage of gamers are PC vs console?

Despite supply chain issues, gamers are slightly more likely to use consoles than to play games via PC. Forty-one percent of gamers said they use consoles, while 37 percent of gamers said they use PCs.

Brands With Best-Selling Video Game Consoles 1972 - 2019

What sells more console or PC?

In 2021, total console gaming market sales amounted to 32 billion U.S. dollars, compared to 44.6 billion U.S. dollars generated by the worldwide PC gaming market.

What is the most sold console ever?

*PlayStation 2 remains the best-selling video game console of all time. Sony's beloved system tops Nintendo DS by roughly 5 million units sold, while handily outselling every other console in existence.

What is the highest grossing console game?

The highest-grossing video game of all time is Dungeon Fighter Online, which has grossed $20 billion worldwide (mostly in Asia) as of 2022. It surpassed the records held by Pac-Man and Space Invaders, which were the highest-grossing video games since the 1980s.

What percentage of the US has a gaming console?

At least 53 percent of U.S. households report to owning at least one video game console, and 26 percent of households claim ownership of one of the next generation console models like the Microsoft Xbox Series X/S or the Sony PlayStation 5. The Xbox series X/S and PS5 were released in November 2020.

Is console gaming declining?

Newzoo's newest report reveals that global consumer spending for PC and console gaming declined by 2.2%, totaling $92.3 billion in 2022.

What is the largest gaming business?

Sony will continue to be the world's largest video game company in 2022. The PlayStation 5, which was released in 2020 and quickly became the world's most popular next-generation video game console, now accounts for most of the Japanese tech giant's gaming earnings, totaling $24.9 billion last year.

What console was the first to sell $100 million?

Sony's Playstation and PS1 Are the First Game Console to Sell 100 Million Units.

Will Switch outsell PS2?

The Switch just leaped over both the Game Boy and PlayStation 4 to become the third best-selling console of all time. The console has sold 122.55 million units overall as of the end of 2022, Nintendo announced in its earnings report, so it's is now behind only the DS and PlayStation 2 in lifetime sales.

Who is dominating the gaming market?

Leading gaming markets worldwide 2022, by revenue

As of 2022, it is estimated that the United States ranks first among the biggest gaming markets worldwide, with a revenue of 54.9 billion U.S. dollars. The video gaming market in China ranked second, generating an approximate 44 billion U.S. dollars in annual revenues.

Which country has most gamers?

Leading the global market in the number of gamers and revenue is China, followed closely by the United States.

Why PC is stronger than console?

Advantages of PC gaming. PCs have different advantages, including the ability to customize your PC, create hotkeys, sharper and more lifelike visuals, superior accuracy with peripherals, and greater ability to modify games.

Is PC faster than console?

PCs feature a wide range of components that can be easily upgraded, while consoles generally use pre-built parts that cannot be modified or upgraded. PCs also typically offer more performance, as they have powerful graphics cards, multiple processors, and additional random access memory (RAM).

What do most gamers play on?

Desktop domination. A whopping 1.77 million video gamers play on desktop PCs, and it makes a lot of sense when you see the reasons why. Visuals tend to be of higher quality on a PC than on a gaming console, and PCs are more versatile in terms of what players can do with them.

What was the worst selling console?

Atari 5200

The console sold only a little over a million units.

What is the rarest console?

Who is the richest man in gaming industry?

PewDewPie is the world's wealthiest gamer. He has a net worth of $55 million and is the most popular YouTuber, with over 108 million subscribers.

What is the fastest growing industries gaming?

In 2017, video games set a new record of turnover generated of 108.4 billion dollars. In 2019, this figure rose by 40%, to reach 152 billion dollars. As a result, within a matter of months, the video games industry has positioned itself as one of the fastest-growing economic sectors.