target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Forecast - Doc Document number: # US49472723
Worldwide Home Video Game Console Forecast, 2023–2027: 10th-Gen Systems Begin Taking Shape
This IDC study forecasts home video game console hardware, software, and services market through 2027 worldwide. 7th-, 8th-, 9th-, and 10th-gen consoles are considered in grouped categories. Packaged game discs/cards are broken out from digital game–related spending. Gaming subscription revenue and spending on paid games, DLC, and F2P games are also forecast. The study examines key market events from the past 12 months as well and offers market vendors advice and guidance.
"After contracting nearly 6% last year, we believe that aggregate home console revenue will rebound by about 3.4% this year. We're also expecting that a successor to Nintendo Switch will launch in 4Q24, so it's likely that key aspects of Nintendo's Switch 2 hardware design will come to light in 2023. Meanwhile, PS5 and Xbox Series X/S will grow their install bases significantly, and Xbox's fight to acquire Activision Blizzard will continue, a fight that's delivering some interesting insights into Microsoft's long-term strategy as it relates to gaming and Azure." — Lewis Ward, research director of Gaming, eSports, and AR/VR at IDC