The resilience of games and entrepeneurs in 2023 | The DeanBeat
Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
As GamesBeat Summit 2023, our biggest gaming event of the year, arrives on Monday, I’ve been thinking a lot about the state of gaming. Or, rather, I’ve been listening to some of our smart speakers talk during prep calls about the games industry’s future.
One of the takeaways is that gaming isn’t invulnerable when it comes to the state of the world economy and megatrends like the desire for people to travel and do other things with their time besides playing games. Gaming grabbed a lot of time from outdoor things during the pandemic, causing user numbers to skyrocket in 2020 and 2021. And now those outdoor things are grabbing a lot of that time back, as the industry shrank in 2022 and suffered the slings and arrows of a weakening global economy.
But there is still some inexorable growth that comes from the fact that gaming didn’t give up all of the gains that it made during the pandemic. While mobile has lost some of its momentum, the hardcore gamers who increased their hours during the pandemic are still playing. And so, even during a recession, there is a good chance that gaming is going to grow in 2023.
Ampere Analysis recently estimated gaming revenues declined by 5.6% in 2022, and it predicted that gaming will grow 2.2% in 2023. That is expected to happen despite a slowdown in the world economy and continued chaos in the banking, cryptocurrency, and tech sectors.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
However, it’s clear that not all sectors within gaming are
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