PC and Console Gaming Market Growth Slows as Older Titles Dominate Playtime

Despite a slight increase in revenue, the PC and console gaming market sees a significant shift towards older, established games dominating player engagement.

The PC and console gaming market grew by 2.6% in 2023, reaching $93.5 billion in revenue, but playtime hours fell.
Older games like Fortnite, GTA V, and Minecraft accounted for 60% of all playtime in 2023.
New games struggle to compete for player attention, with only 8% of playtime spent on non-annual new releases.
Live-service games over six years old, such as Fortnite and Minecraft, continue to dominate, making up 60% of playtime.
The market is expected to grow modestly through 2026, with a focus on expanding console install bases and new hardware.