Earlier today, Matthew Ball, CEO of investment strategy firm Epyllion, released an early version of a presentation called «The State of Video Gaming in 2025.» The slideshow, which incorporates data from market research firms like IDG, Newzoo, and Circana, summarizes worldwide market trends in the gaming industry.
I'll be honest: Things aren't great. Following a decade-long growth wave between 2011 and 2021, the industry's revenue growth has stalled, feeding into an atmosphere of risk aversion and stagnating investment.
The outlook isn't entirely dire, however. While gaming industry revenue growth has plateaued over the last three years, Epyllion's analysis says PC gaming is «a bright spot» of continued growth, now accounting for the majority of non-mobile content revenue.
According to Epyllion, both PC and console gaming are—as you may have noticed—considerably bigger concerns than they were at the turn of the 2010s.
In 2024, consumers were spending almost $50 billion more on PC and console games than they were in 2011. But beginning in 2021, console gaming growth started to slow, which is particularly clear in worldwide Xbox Series S/X and PlayStation 5 console sales.