The games industry’s growth potential is shrinking | MIDiA

Summary

• Analyst firm MIDiA has released a forecast for the games industry up to 2031 which predicts that growth in sectors such as live-service games and subscription services will not be as high as many expect.
• It predicts that global games software revenues will grow in line with the IMF’s predicted inflation rate of 4% from $203.2bnin2025to$237bn in 2031, with an 8.4% rise in hardware revenues thanks to the launch of the Switch 2.
• Although the number of global gamers will increase, the average revenue per paying user is set to decrease due to a rise in the number of players in emerging markets.
• Following this report, MIDiA’s games analyst Rhys Elliott recommended that publishers should target underserved markets and innovate to expand the games market, rather than rely on trends.

By Rachel Kaser

Original Article