PC and Console Gaming Revenue Soars to $92.3 Billion in 2022, According to Newzoo’s Report 2023

Games development and release trends: With the pandemic as a contributing factor, many companies delayed their major title releases from 2022 to at least 2023.

Credit: Newzoo
By Naman Alok | Mar 19, 2023 | 4 Min Read follow icon Follow Us


PC and console market share and performance: PC and console revenues reached $92.3 billion in 2022, a decline of -2.2% year on year. The market may be cooling down after the pandemic, but overall performance still outshines our previous forecasts. There are still plentiful opportunities to reach over one billion PC players and 611 million console players. Playtime data: Average playtime dropped by 23% across Steam, Xbox, and PlayStation from 2021 to 2022. We see this as a corrective step as the market levels out to pre-pandemic activity. PC and Console Gaming Revenue Soars to $92.3 Billion in 2022, According to Newzoo’s Report 2023

Games development and release trends: With the pandemic as a contributing factor, many companies delayed their major title releases from 2022 to at least 2023. These delays significantly impacted playtime and spending, though 2023 now has a packed release schedule, including huge games like The Legend of Zelda: Tears of a Kingdom.  

Essential business model trends: More AAA and AA publishers are pivoting their main franchises to service-based and subscription models. In the coming years, we expect that companies will opt for fewer new releases and focus on extending the lifespan of existing franchises, especially with the success of titles like Fortnite, Minecraft, and ROBLOX.  

Gaming and the surrounding media ecosystem: While remakes and remasters drove up engagement for older game IPs, 2022 was an inflexion point for transmedia strategies. The HBO adaptation of The Last of Us was, of course, a major hit and an accelerant for the games, but it was by no means the only example. Cyberpunk: Edgerunners, the anime based on the controversial title, drastically boosted the franchise’s popularity.  

Detailed PC & console gamer demographic and persona analysis: In the last six months, two out of three gamers played on a PC or console and 72% of PC and/or console players used at least two platforms. The market also became more equitable in 2022, with women gamers accounting for 40% of the total PC and console player base.  

How different types of gamers are playing and spending: In the past six months, 66% of PC and/or console players spent money on video games, but what motivated them to spend? There are many ways to define a gamer and different segmentation models reveal unique behaviours and motivations. The report covers why people play games, what features are most appealing, how much they spend on PC and console purchases, and more.  

The PC and console market is enormous and swiftly evolving, this is to check if we can explore a story opportunity for our below-mentioned esports & gaming clients who can shed more insights on these wide topics:

1. Esports Federation of India

Spokesperson: Mr Lokesh Suji, Director, Esports Federation of India & Vice President of the Asian Esports Federation (AESF), ESFI is a full member of the International Esports Federation (IESF), Global Esports Federation (GEF), and Asian Esports Federation (AESF)

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2. 8bit Creatives, India’s leading esports consulting and talent agency

Spokesperson: Mr Animesh Agarwal, Founder & CEO, 8Bit Creatives, Mr Animesh Agarwal, Founder, and CEO of 8Bit Creatives, India’s leading esports consulting and talent management agency.  He is also the founder of S8UL, a hub of gaming content and esports. S8UL is the parent org of team soul, the reigning champions of BGMI in India. Animesh dons several hats as an entrepreneur, an ex-pro gamer, a monster energy esports athlete, a gaming & luxury lifestyle content creator and a pioneer in the Indian Gaming Industry. He has a deep understanding of the industry and is dedicated to shaping the esports and gaming industry in India. He has partnered with other industry front runners like Nodwin Gaming & LOCO to make substantial strides in advancing gaming & esports in India. With some of India’s top gaming talents in their line-up and backed with experience and exposure of collaborating and curating campaigns with 100+ top-notch brands like Netflix, Coca-cola, Reliance Digital, Mx Players, OnePlus, Realme Narzo, Flipkart, Airtel, and many others; 8Bit Creatives boasts of managing popular and renowned gaming content creators and influencers- Mortal, Scout, Mavi, Snax, Thug, Payal, Kaashvi, 8bit Goldy, 8bit Sid to name a few.

3. FanClash, Asia’s largest fantasy Esports platform

Spokesperson: Richa Singh, Co-Founder and CEO of FanClash

FanClash is Asia’s largest Esports Fantasy Platform that has 2M+ users with 5000+ daily tournaments featured on the platform. It is the go-to app for all Esports enthusiasts and professionals. With a wide variety of features, FanClash has been able to position itself as the premier Esports Fantasy Platform in the region. The platform has a plethora of features to keep the users engaged and excited. Last year, FanClash, raised $40 million in Series B funding to fuel its mission to build a global esports fantasy, data, and fan engagement platform. Existing investors along with Matic Networks (Polygon) co-led the latest fundraise. This succeeds a Series A round of $10 million from Sequoia Capital India, Falcon Edge (Alpha Wave Ventures) and Info Edge India in August 2021.

4. Qlan – The Gamer’s Social Network

Spokesperson: Mr Sagar Nair, Co-Founder & CEO, Qlan, The app is a young setup established to bridge the need to create a one-stop networking platform that would be dedicated to the esports/gaming community. It is an exclusive platform built for the community to seamlessly connect with each other and facilitate the gaming ecosystem. The app is a one-stop solution to create custom Solo, Squad, and organisations profiles, showcase gaming skills by syncing in-game statistics, access AI-enabled gamer matchmaking for verified connections. It also will help in sharing gaming and esports content with an option to monetize early, Promote esports tournaments and IPs to a target audience, etc.

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