New Data: Over Half of 2023 Gaming Went to Aged Titles
- Overview of 2023 gaming industry trends
- Top games of 2023 and Newzoo's industry report
- Popularity and focus on older, established titles
- Challenges for new game releases
- The future of game development
An Overview of the Gaming Industry in 2023
Immerse yourself in a neon city with the latest release from Epic Games. A recent report by market research firm Newzoo reveals interesting trends in the gaming industry. While the PC and console market saw a 2.6 percent growth in 2023, it seems players are dedicating more time to a select few older games, such as Fortnite and League of Legends.
Top Games of 2023
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Newzoo's 2023 Game Industry Report
On April 2, Newzoo released its second annual game industry report, offering in-depth data on gaming trends and spending habits in 2023. The report shows that the PC and console game market generated $93.5 billion in revenue in 2023. However, the data suggests this growth mainly benefits a small number of publishers and developers.
Popularity of Established Titles
According to Newzoo's data, the top 10 games on each platform, ranked by their average number of monthly active users, are dominated by older, established titles. Fortnite led the pack on all platforms, including Switch and PC, followed by familiar names like Grand Theft Auto V, Counter-Strike 2, Roblox, Minecraft, Rocket League, Apex Legends, Fall Guys, Valorant, and Call of Duty.
Focus on Older Games
Newzoo's data further emphasizes that gamers are predominantly playing older games. In 2023, just 66 titles accounted for 80 percent of all playtime, and 60 percent of this playtime was dedicated to games that are six years old or older. Five of these older games—Fortnite, Roblox, League of Legends, Minecraft, and GTA V—made up 27% of all playtime in 2023.
The Challenge for New Games
The report also reveals a worrying trend for new games. Of the 23 percent of playtime spent on new games (defined as 2 years or younger) in 2023, over half was dedicated to big annual sequels like the latest Madden or NBA game. Merely 8 percent of video game playtime was spent on new, non-annual titles like Diablo IV or Baldur’s Gate III.
The Future of Game Development
Newzoo's report suggests a challenging environment for developers and publishers of new games. Gamers are spending less time exploring new games and more time in established franchises and live-service titles. In this landscape, new games aren't just competing with the latest releases, but also with giants like Fortnite and Roblox, free games with endless user-generated content.
“Growing a game's player base will be increasingly challenging,” Newzoo comments in the report, “particularly in our current landscape, where evergreen titles and robust content pipelines reign supreme.” In other words, if you're not making a big sequel, remake, or annual entry in a popular series, you might face a tough road ahead.
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