Newzoo & MPL: The PCG Games market will grow to $16B in 2024
A new rising gaming segment.
PCG (Paid Competitive Games) is a genre of games in which players can earn real money competing with other gamers. This type of games is also called skill-based games.
Market
The CAGR of the segment from 2021 to 2024 will reach 31.9%. This is 6 times higher than the CAGR of traditional games (4.9% growth in the same period).
The main PCG markets are the US, India, Mexico, the UK, and Germany.
The US is the largest market for PCG games. In 2021 it was valued at $3B and in 2024 it will grow to $6.6B.
India is second with projected growth to $3.5B in 2024.
Gamers behavior
PCG players spend more time in games than traditional gamers (4.6 - 6.2 hours per week against 3.5 - 5.3 hours per week). They also do have more games installed (6 - 7.6 games versus 4.4 - 6.1 games installed on traditional gamers’ devices).
PCG gamers are planning to increase their spending in the upcoming years. In India 58% of players have a such intention; in the US and Brazil, there are 51%.