According to research firm Newzoo, video game consoles are expected to propel market growth significantly until 2027 due to anticipated strong sales from Take-Two's Grand Theft Auto 6 and a new Switch model from Nintendo. Despite a sluggish recovery post-pandemic, characterized by layoffs and closures, the launch of these titles aims to invigorate consumer spending. Newzoo's projections suggest console software revenue will outpace PC growth, highlighting the shifting dynamics favoring console gaming in upcoming years.
The growth of video game consoles is anticipated to dominate market expansion leading up to 2027, driven by key releases like GTA 6 and Nintendo's next-gen Switch.
The video game industry is recovering gradually post-pandemic, with new console launches expected to spark a resurgence in sales and consumer engagement.
Take-Two’s Grand Theft Auto 6 is poised to be a major game changer in the industry, given its predecessor has sold over 210 million copies.
Newzoo projects significant growth for console software revenue from 2024 to 2027, highlighting it will outperform PC revenue growth during this period.
Collection
[
|
...
]