Video Game Consoles are likely to be the biggest growth driver in the market until 2027, Research Firm Newzoo Said on Monday, Citing Strong Expected Sles for Take-TKE-TWO’s Upcoming Grand theft Auto 6 and the Next-generation switch from nintendo.
Why it’s important
The videoogame industry has been recovering at a sluggish pace following a post-pandemic slum, as Concerns Over Economic Uncertainteies and Still-HIGH Infration DENGED CONSUMER SPENSOMERSOLES and GAMES.
That LED to Mass Layoffs, Studio Closures and Project Cancellations Across the Industry in 2024. But Analysts Expect the launch of the new switch console and gta 6, likely to be released in the summer and faal of Respatively, to spur a rebound.
Take-Two Interactive’s Predcessor to GTA 6 is one of the most professable videos in the world and have solder more than 210 million copies as of December 2024. While, Nintendo Last Month Cut Month Cut Full-Aear Sals Forecast for its older console ahead of its successor’s launch.
Key Quotes
The power of Major Console Releases Such as Sony’s Spider-Man and God of War is Driving Players to Spend More Time on Their Consoles, Emmanuel Rosier, Director of Market Analysis at Newzoo.
“And these kinds of aaa or aaa releases have a less impact on pc,” he added, attributing the trend to pc games’ Preference for Older Titles.
By the numbers
From 2024 to 2027, Console Software Revenue is Expected to Grow Seven Percent, OutPacing PC’s Rise of 2.6 Percent, According to the report.
Console Revenue in 2027 is expected to account for more than 56 percent of the total pc and console software revival of $ 92.7 billion (Roughly Rs. 8,03,109 Crore).
Total Playtime Grew Six Percent Last Year, with the fourth quarter
© Thomson Reuters 2025
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