Newzoo has estimated that the global games market will reach $187.7 billion in 2024, a 2.1% increase year-on-year, according to its latest report.

This is slightly lower than the market analysis firm's initial forecast earlier this year, in which it predicted that the global games market would reach $189.3 billion.

Newzoo has also forecast the compound annual growth rate from 2022 to 2027 will grow by 3.1% with the market expected to reach $213.3 billion in three years.

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