The UK market for video game consoles and other games with an electronic display demonstrated fluctuating trajectories from 2013 to 2023. By 2023, the market value stood at 0.989 billion Euros. The last two years have shown relatively modest variations, with a decrease from 2022 to 2023 of 1.4% and a 3.34% drop from 2021 to 2022. Over the last five years, the compound annual growth rate (CAGR) indicates an average annual reduction of approximately 1.57%.
Future trends to observe include:
- The impact of new console generations and game streaming services
- The potential growth from advancing technologies like virtual reality and augmented reality
- Shifts in consumer preferences towards smartphone and mobile-based gaming
- Regulatory changes affecting digital marketplaces and data privacy
