Global video game sales are forecast to contract 1.2% to $188 billion in 2022, according to research from Ampere Analysis.
Russia was the world's 10th-largest games market in 2021, according to Ampere. But it is expected to drop to No. 14 in the global rankings this year and lose $1.2 billion in value, the firm said.
Piers Harding-Rolls, research director at Ampere, said the figures show the games industry isn't"recession proof," with cost-of-living challenges inflicted by higher prices likely to weigh on consumption. "After two years of huge expansion, the games market is poised to hand back a bit of that growth in 2022 as multiple factors combine to undermine performance," Harding-Rolls said.
"Even so, the year will end well ahead of pre-pandemic performance, and the outlook for the sector as a whole remains positive, with growth forecast to return in 2023," he added. The market is expected to return to growth in 2023, with sales expected to hit $195 billion, according to Ampere.that make it harder for mobile game developers to track iPhone users, as well as delays to blockbuster releases like Microsoft's Starfield and Redfall.
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