A new report from Newzoo today says that the global video games market is estimated to make $197 billion in revenue for the year of 2022.
The market intelligence firm says that the figure represents an increase of 2.1% year-over-year.
Newzoo attributes mobile game consumer spending as the main driver of 2022’s total worldwide consumer spending.
Mobile titles are expected to earn $103.5 billion and make up 53% of the global games market.
Console game revenue is predicted to hit $53 billion this year and account for 27% of the year’s worldwide earnings.
The PC Games market is forecasted to amass $40.4 million and will make up 21% of global video game spending.
In terms of region revenue during 2022, the North American games market is on pace to reach $51.3 billion and Europe is expected to make $34.1 billion.
Africa and the Middle East is projected to amass $7.1 billion in spending this year, while Latin America is predicted to hit $8.7 billion.
Looking ahead Newzoo estimates that in 2025 the global video games market will generate $225.7 billion in revenue.