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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Elden Ring has jumped 18 places to No.3 in Newzoo's overall revenue charts for June, following the release of its Shadow of the Erdtree expansion.

The FromSoftware title also broke into the Top 20 of the data firm's monthly active user engagement charts at No.13, jumping from its No.27 position in May.

Fortnite and EA Sports FC 24 remained in the top two spots of Newzoo's revenue chart across all platforms, while Destiny 2 moved up three places from No.8 to No.5.

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