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- Gaming is facing difficult headwinds: In Q3, across 113 deals, $857 million was generated, representing a 10.3% and 35.3% decline, respectively. According to PitchBook’s latest Emerging Tech Research, however, VCs are still backing game studio startups, hoping to find the next blockbuster.
pitchbook.com/news/reports/q3-2023-gaming-report
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Gaming: at a glance. 2023 market size: $188b (+3% YoY) Public markets: leading public gaming ETFs up to 20% YTD. Venture funding in Q3‘23: $454m across. 87 rounds (funding is -9% QoQ)
Nov 14, 2023 · Gaming is facing difficult headwinds: In Q3, across 113 deals, $857 million was generated, representing a 10.3% and 35.3% decline, respectively. According to PitchBook’s latest Emerging Tech Research, however, VCs are still backing game studio startups, hoping to find the next blockbuster.
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Oct 22, 2023 · Key Takeaways: Rapid Growth: Cloud gaming market expected to grow at a CAGR of around 48% through 2027. Major Players: Companies like Microsoft, Google, and Sony are investing heavily in cloud infrastructure. Challenges: Latency and data security remain as significant barriers.
Oct 26, 2023 · Q3 saw some of the biggest strategics restarting their M&A consolidation, after an extended quiet period. Tencent and subsidiaries lead the way with five deals during the quarter, most notable the majority acquisition of Techland which is among the top 3 largest deals of the year.
Gaming market size to reach $188b in 2023. Gaming VC funding: $454m in Q3 2023, down 9% QoQ. Gaming VC deal volume: 87 deals completed in Q3 2023, down 5% QoQ. Public market performance of top gaming ETFs performing up to 20.3% since the start of 2023 (vs S&P 500, +11.7%)
Dec 19, 2023 · We now forecast that the global games market will generate $184.0 billion in 2023, growing +0.6% year on year. It will also grow to $205.7 billion by 2026, representing a 2021-2026 CAGR of +1.3% for the total market.
May 16, 2024 · Overall, PC and console gaming generated $94.0 billion in 2023, with +3.1% growth YoY. It’s important to put this growth in context. While the market has returned to growth, playtime hours have dropped precipitously.
