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Worldwide Home Video Game Console Forecast, 2023–2027: 10th-Gen Systems Begin Taking Shape

Publisher IDC
Published May 29, 2023
Length 27 Pages
SKU # IDC17976787

Description

Worldwide Home Video Game Console Forecast, 2023–2027: 10th-Gen Systems Begin Taking Shape


This IDC study forecasts home video game console hardware, software, and services market through 2027 worldwide. 7th-, 8th-, 9th-, and 10th-gen consoles are considered in grouped categories. Packaged game discs/cards are broken out from digital game–related spending. Gaming subscription revenue and spending on paid games, DLC, and F2P games are also forecast. The study examines key market events from the past 12 months as well and offers market vendors advice and guidance."After contracting nearly 6% last year, we believe that aggregate home console revenue will rebound by about 3.4% this year. We're also expecting that a successor to Nintendo Switch will launch in 4Q24, so it's likely that key aspects of Nintendo's Switch 2 hardware design will come to light in 2023. Meanwhile, PS5 and Xbox Series X/S will grow their install bases significantly, and Xbox's fight to acquire Activision Blizzard will continue, a fight that's delivering some interesting insights into Microsoft's long-term strategy as it relates to gaming and Azure." — Lewis Ward, research director of Gaming, eSports, and AR/VR at IDC

Please Note: Extended description available upon request.

Table of Contents

27 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
PlayStation 5, Xbox Series X/S, and Switch 2 All Resonate
Total Subscription Spending Rises
Inhibitors
Denouement of the COVID-19 Pandemic
High Inflation and/or Recessionary Impacts in Critical Console Markets
The Russia-Ukraine War
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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