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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.
Omeda released the first build of “Predecessor” for PC as Paid Early Access at the end of 2021, then as a free online test in April 2022. The game’s new backend debuted on March 5, 2024. We’re also looking at how we can further work with partners, like AWS, to build a world-class AAA game as independent developers.
The problem is that at the end of 2024, the market is still noticeably smaller than it was three years ago in 2021. PC games grew driven by dominating live service franchises and a slew of innovative AA titles. Yet I don’t believe that will happen in 2024. The inflation in EU and US is above 3% today.
Oscar Salandin , known as Peculiar Pixels, received a major validation for his debut game, BOTSU Ridiculous Robots , by being named the Overall Winner at the Develop Indie Showcase Awards 2024. Some had worked on AAA games I’d played, released indie games, or previously ran companies in games.
Most of the games on blockchain run either on browser or PC. billion by 2030 - mobile is the fastest growing segment Newzoo predicts VR games revenue will double by 2024 ? App Store’s NFT Guidelines: Imminent peril or entry ticket for blockchain games? One of the biggest problems of blockchain games is reaching a mass audience.
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