Kadokawa ASCII: Japanese gaming market grew against global trends in 2022
Why to drop down?
The research was shared by Dr. Serkan Toto, the founder of the consulting firm Kantan Games.
In 2022, the Japanese gaming market grew by 1.4%, reaching 2.03 trillion yen. At the current exchange rate, this is approximately $13.9 billion, although the Japanese yen has significantly depreciated in value recently.
According to Kadokawa ASCII, the global market fell by 7% in 2022.
Results by segments in 2022
Sales of gaming hardware increased by 3.4%, reaching $1.4 billion.
Sales of console games grew by 5.9%, reaching $2.7 billion.
PC gaming is rapidly gaining popularity in Japan. In 2022, it grew by 43%, from $0.9 billion to $1.3 billion.
However, the mobile market, which is the largest in the country, declined by 4.4%. In 2022, its revenue amounted to $8.5 billion.