The U.S Gaming Market Is Down

While the global video game market has been booming over the last few years, the same cannot be said about the American video game sector in 2022. According to a report released on July 15th by the NPD Group, spending on video games in the United States fell by 10% when compared to the first half of 2021.

Most major gaming categories experienced a downward tick when comparing the first half of 2022 to the first half of 2021. Spending on gaming content fell by 10%. Hardware spending was down 9%. Meanwhile, spending on gaming accessories fell by 14%. Subscription-based gaming was the only major category that grew from 2021 to 2022.

Mobile gaming has also taken a hit. Sensor Tower said that mobile game spending was down 10.7% last month when compared to June of 2021. Most of this dropoff came on the Google Play Store. Meanwhile, Apple platforms saw a small increase in app downloads and mobile spending.

Unfortunately, the United States is indicative of a bigger trend currently taking place in our industry. Ampere Analysis said that the global games and services market actually decreased by 1.2% from 2021 to 2022. Overall, the market went from $191 billion last year to $188 billion this year.

Thankfully, it doesn’t seem like this downward spiral will last all that long. Ampere Analysis is saying that, by 2023, the market will be worth $195 billion.

(All information was provided by Axios and CNBC)

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