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While the growth in the mobile segment may not be exceptionally large, this is positive news for the mobile market as it signifies notable progress. In general, the gaming industry has experienced a 2.6% YoY growth in comparison to the previous year as of July 2023. New game releases in the mobile market are generating revenue effectively

All the markets have shown good growth which are healthy signs. While considering the markets, Asia-Pacific accounts for 46% but the interesting fact is that two major gaming consumers, US and China, account for 49%, nearly half of all consumer spending on games with spending amounting to $48.3 Billion and $44.3 Billion respectively. While PC games are considered, a decline in year-on-year revenue in browser-based PC games is observed whereas downloaded games have a healthy increase.

Although console games presently account for 30% of the total revenue for the year with $56.1 Billion, they stand out with the most remarkable growth rate, surpassing other segments by a significant margin of +7.4 year-on-year growth.

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