Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 14, 2018
arrowPress Releases
  • Editor-In-Chief:
    Kris Graft
  • Editor:
    Alex Wawro
  • Contributors:
    Chris Kerr
    Alissa McAloon
    Emma Kidwell
    Bryant Francis
    Katherine Cross
  • Advertising:
    Libby Kruse

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

The worldwide console market shrank by 2.5 percent in 2016

The worldwide console market shrank by 2.5 percent in 2016

March 17, 2017 | By Chris Kerr

The worldwide console market shrank by 2.5 percent in 2016, with consumer spending totaling $34.7 billion across hardware, content, and services. 

According to a new report from IHS Markit, price-drops and slower hardware sales resulted in console hardware spending falling to $10.5 billion from $12.8 billion year-over-year.

Software sales helped offset that decline to an extent, with shoppers splashing out $21.5 billion on physical and digital content -- a year-over-year rise of 5.6 percent.

Consumer spending on console platform subscriptions, such as Sony's PlayStation Network online service, also reached record levels of $2.8 billion, acting as another minor salve. 

Speaking of Sony, the report shows that the PlayStation creator is dominating the console market, and currently hold a 57 percent market share in terms of consumer spending.

As the graph below shows, Nintendo and Microsoft are playing catch-up with Sony, although both companies are expected to witness a positive turnaround in 2017 thanks to the launch of the Nintendo Switch and Project Scorpio. 

Looking ahead, IHS Markit is anticipating a rebound in 2017, and believes the console market will grow by 4.1 percent to $36.2 billion over the next year. The Nintendo Switch and rising digital sales are expected to drive that turnaround. 

For a more in-depth breakdown, you can read the full report over on IHS Markit's official website.

Related Jobs

Monomi Park
Monomi Park — San Mateo, California, United States

3D Environment Artist
innogames — Hamburg, Germany

UI/UX Designer for Forge of Empires
Zapdot — Cambridge, Massachusetts, United States

Software Engineer
Zapdot — Cambridge, Massachusetts, United States

Senior Software Engineer

Loading Comments

loader image