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PC vs. Console Games Market Size
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The gaming industry has seen steady growth in the past few decades, evolving into a multi-billion dollar industry today.
While modern gaming now takes place on a variety of devices, from smartphones to VR headsets, the major platforms dominating the market are still personal computers (PCs) and dedicated gaming consoles like the PlayStation 5, Xbox Series X, and Nintendo Switch.
This visualization breaks down the market share of console and PC gaming in 2023 in the U.S. and the UK, along with the growth rates of each segment and the overall industry.
The data comes from Newzoo’s 2024 PC and Console Gaming Report and captures revenues from physical and digital games and consoles, in-game spending, subscription services, and estimates for secondary markets and trade.
Console Gaming Reigns Supreme
Console games made up the majority of the gaming industry’s market share last year, generating a whopping $53.1 billion in revenue.
| 2023 Revenue | Market Share | YoY Revenue Growth | |
|---|---|---|---|
| PC Games | $40.4B | 43% | 3.9% |
| Console Games | $53.1B | 57% | 1.7% |
| Video Games Total | $93.5B | 2.6% |
Games like Hogwarts Legacy, NBA 2K24, and The Legend of Zelda: Tears of the Kingdom were among the top-selling console games on the market.
While PC gaming brought in less revenue, the segment is quickly catching up, as PC games saw a greater year-over-year revenue growth at 3.9%.
Cross-Platform Titles Boost PC Game Sales
Although Nintendo doesn’t release its games on PC, over the past few years Sony and Microsoft (makers of the Playstation 5 and Xbox Series X) have started to release their in-house developed games also on the PC platform, sometimes with a delay to incentivize console sales.
Some of 2023’s most successful games were cross-platform releases, many of which sold well on the PC and drove growth for the segment.
Award-winning fantasy role-playing game Baldur’s Gate 3 is one example of a breakout cross-platform game, selling over 10 million copies as of February 2024. Baldur’s Gate 3 and Hogwarts Legacy were both in the top sellers by gross revenue category in Steam’s Best of 2023 list.
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