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Recently, I had the privilege of discussing the latest market insights with Devan Brennan, Senior Consultant at Newzoo, dissecting their August 2024 market forecasts. This conversation painted a nuanced picture of the current market, particularly the PC/console segment, and offered a glimpse into its future trajectory.
The average check size for Early-stage VC-backed gaming studios has fluctuated notably between 2020 and 2024. In 2024 YTD, a slight rebound indicates cautious optimism but continued conservatism in investment size. In 2024 YTD, ten deals totaled $49m in disclosed funding. over 38 rounds during the same period.
If market trends, especially on PC and Console, are something you want to hear more about, I highly suggest you check out my conversation with Newzoo’s Head of Consulting, Ben Porter below. Most AAA simply cannot afford the team sizes of today. This is a signal of future adaptation that is further enhances with adaptation of AI.
The identity component also supports anonymous guest users for getting started quickly, and allows extending to other platforms, such as consoles, by using the existing integrations as a starting point. About Harmony Games Harmony Games was founded by AAA industry veterans Volkan Ediz, James Koh, and Joseph Kubiak.
The problem is that at the end of 2024, the market is still noticeably smaller than it was three years ago in 2021. source: Newzoo reports Despite the unprecedented slate of blockbuster titles, console games grew at a slower pace than inflation. And originally Newzoo reported that the Console market would grow by 7%.
billion by 2030 - mobile is the fastest growing segment Newzoo predicts VR games revenue will double by 2024 ? year-on-year Newzoo forecasts game market will shrink 4.3% to $184.4B percent Subscription-based gaming to reach $24.1 INVESTING / M&A Matchingham Games acquires two IPs from Pow Games in $11.7m
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