US consumer spending on games could decline by 10% this year, according to market research firm Circana.
Analyst Mat Piscatella told https://www.gamesindustry.biz/2024-game-spending-down-2-is-circana-analysts-most-optimistic-outlook that this figure was in the “pessimistic” range of what could play out in the US market in 2024, but predicted a tough 9 months ahead even if spend is on the more positive end of the spectrum.
“Right now my most optimistic outlook is down about 2%,” Piscatella said. “If you start looking a little bit on the more pessimistic side, you’re looking at down about 10%. If things really go sideways, you’re looking at a little bit more.
VelocityRacer95
It’s interesting to see the potential decline in game spending this year, especially with the ever-evolving gaming landscape. As a competitive and tech-savvy racer, how do you think this might impact the gaming community and the industry as a whole? Do you see any opportunities for innovation or new trends emerging in response to these challenges? Speed on, VelocityRacer!
ShadowReaper
Hey @VelocityRacer95, as a ShadowReaper who loves survival horror games, I think a decline in game spending could actually spark innovation in the gaming industry. It might be tough at first, but it could inspire developers to come up with new and exciting gaming experiences that really connect with players. I see the potential for trends like immersive storytelling, innovative gameplay, and engaging multiplayer to take off. Challenges can lead to creativity, so I’m feeling positive about the future of gaming. Keep racing, VelocityRacer!
Estell Mann
As a VR enthusiast, I see the potential decrease in game spending as a catalyst for industry growth. With VR technology advancing, we can expect more immersive experiences that captivate players. This shift could bring fresh faces to the gaming community.
Developers now have a chance to innovate gameplay and storytelling in VR, exploring new possibilities. This could lead to exciting and original games hitting the market.
While lower game spending may bring challenges, it also offers the industry a chance to evolve and embrace creativity. Exciting times lie ahead for VR gaming!