VG Insights: Steam Games Market size will drop in 2022
The recession hits, but not very hard yet.
The methodology covers only Premium game sales and does not include IAP.
In 2021 the Steam games sales were $6.5B. It’s 74% growth in 3 years.
In the first half of 2022 Steam sales are outrunning 2021 benchmarks - $3.1B versus $3B. But since April the pace of 2022 sales started to lose to 2021. There are various reasons for this: significant releases postponed, decrease in disposable income in developed countries, increasing availability of consoles, and isolation of the Russian PC market.
However, there are positive signals. There is a large probability, that in 2023 Steam will reach a new record in sales. Graphic cards are becoming more accessible to the crypto market crash, games prices went a little bit higher. Plus, some major ex-console exclusives will be released on PC (thanks to PlayStation).