target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Forecast - Doc Document number: # US50814624
Worldwide Home Video Game Console Forecast, 2024–2028: Game Spending per Console Trends Lower
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Abstract
This IDC study forecasts home video game console hardware, software, and service use and spending through 2028. Eighth-, ninth-, and tenth-generation consoles are considered in grouped categories. Packaged game discs/cards are broken out from two digital game–related spending segments. The study examines key market events and related trends, and it offers advice and guidance to market vendors.
"The next 12 months will be an exciting time for home consoles. We expect refreshed PS5 and Xbox Series X/S hardware late this year, and Nintendo's next-gen console should debut next March. Having said that, 2024 will be a down year. Market suppliers need to batten down the hatches, if they haven't already, and plan accordingly." — Lewis Ward, research director of Gaming, eSports, and AR/VR at IDC