Industry analysis firm DFC Intelligence has released its 2024 market report and forecast, and despite the past two years of uncertainty, sweeping layoffs, and studio closures, the industry is set to rebound. After two years of major growth fueled by the pandemic, and its subsequent slump, DFC predicts the industry will return to growth in 2025 and beyond.
As of 2024, the number of gamers worldwide is around 3.8 billion, a figure DFC expects to reach 4 billion--around half the global population--by 2028. Of that number, 10% are considered core gamers and account for 65% of video game spending, while the rest are considered casual gamers, many of whom only game on mobile devices and don't own any dedicated hardware.
Nintendo is set to be a major winner in the next few years, with its next console (colloquially known as the Switch 2) expected to release in 2025 with little competition from Sony or Microsoft. DFC predicts that the Switch 2 will sell 15-17 million units in 2025, and more than 80 million by 2028.
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