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PC Game Revenue Could Overtake Console Revenue by 2028, Newzoo Forecasts

Newzoo projects PC games software revenue will surpass console revenue by 2028, with faster forecast growth from 2025 to 2028. Hardware sales are excluded.
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Newzoo forecasts that global PC games software revenue will surpass console games software revenue by 2028. Its 2026 PC & Console Gaming Report projects PC revenue to grow at a 6.6% compound annual growth rate from 2025 to 2028, versus 4.4% for console revenue. This is a forecast—not an outcome already recorded—and it compares games software and services, not hardware sales.

What Newzoo’s 2028 forecast measures

Newzoo’s comparison covers nominal consumer spending on games software and services worldwide. The underlying Games Market Reports & Forecasts metrics were updated in February 2026. Newzoo’s definitions include boxed and digital full-game purchases, in-game spending such as microtransactions and downloadable content, in-game subscriptions, and console multi-game subscriptions including Xbox Game Pass and PlayStation Plus. Taxes, second-hand sales, advertising, hardware, business-to-business services, and gambling are excluded. Newzoo’s March 2026 forecast summary and its 2026 PC & Console Gaming Report describe the categories and outlook.

For this report, PC includes games played through storefronts such as Steam and Epic Games Store, physically purchased PC games, browser games, casual sites and social networks, as well as Steam Deck and other PC handhelds. Console covers games played on PlayStation, Xbox, and Nintendo hardware. The figures are nominal, not adjusted for inflation, so they do not show how much purchasing power the revenue represents over time.

The forecast figures and what they show

Newzoo estimates the combined global PC and console games market generated $88.3 billion in 2025 and forecasts it will reach $103.7 billion in 2028. Within that total, it projects PC revenue to grow faster than console revenue over the 2025–2028 period. The figures below are Newzoo estimates and forecasts, not independently confirmed results.

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Measure Newzoo figure How to read it
Combined PC and console software revenue, 2025 $88.3 billion Newzoo’s estimate for the global market.
Combined PC and console software revenue, 2028 $103.7 billion Newzoo’s global forecast.
PC revenue growth, 2025–2028 6.6% CAGR Newzoo’s projected compound annual growth rate.
Console revenue growth, 2025–2028 4.4% CAGR Newzoo’s projected compound annual growth rate.

The faster projected PC growth is the basis for the expected crossover by 2028. The growth rates alone do not reveal the exact annual revenue for each platform or the size of the gap in 2028; those should not be inferred from the combined-market total.

Why Newzoo expects PC revenue to grow faster

Newzoo links its PC outlook to several factors rather than to one proven cause. It points to a growing player base, expansion in Eastern Asia, broader storefront adoption, higher average selling prices, and spending on premium games. It forecasts more than 1 billion PC players globally by 2028. That player count is not deduplicated across platforms, so people who play on both PC and console can be counted in each platform’s audience.

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Regional growth is part of the picture: Newzoo reports that China’s PC player count grew 11.7% year over year in 2025. That is a player-count figure, not a measure of Chinese PC revenue or spending per player. Newzoo also notes that mature markets may have higher spending per player, while a larger player base can expand the overall market.

Console revenue is also expected to increase, but Newzoo projects slower growth. It associates console spending with premium releases, hardware cycles, and higher premium-game or subscription pricing. Those are the publisher’s explanations for its forecast, not proof that any single factor will determine the result.

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PC and console revenue come from different spending mixes

The forecast is not simply a story of premium PC games taking over. Newzoo estimates that microtransactions made up 48% of PC revenue in 2025, or $20.6 billion, while premium game sales accounted for 29%, or $12.5 billion. It describes console revenue as more premium-led, with premium games representing about half of console revenue in 2025.

These estimates show why total platform revenue and the number of players are not interchangeable measures. PC’s projected growth combines audience expansion with several kinds of spending; console revenue has a larger reported contribution from premium games and is tied more closely to release and hardware cycles.

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What could change the outlook

A forecast is conditional on the market assumptions behind it. Newzoo’s estimate may change as player growth, game releases, pricing, subscriptions, regional spending, and platform cycles evolve. PC Gamer’s coverage of the projection also flags memory and storage supply pressures as a possible uncertainty for the outlook; that is a risk to consider, not evidence that the forecast has already failed. PC Gamer’s March 12, 2026 coverage discusses that caveat.

Newzoo’s Director of Market Intelligence, Manu Rosier, summarized the broader context this way: “Growth is returning to the market, but it’s being driven by different fundamentals than during the pandemic years.”

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How to interpret the headline

  • It is a forecast: Newzoo expects PC games software revenue to pass console software revenue by 2028; the crossover is not presented as an observed result.
  • It is not a hardware comparison: PC and console hardware sales are outside the measure.
  • It is a global, nominal comparison: the revenue is not inflation-adjusted, and regional markets may follow different patterns.
  • It is Newzoo’s projection: the figures should be attributed to the company rather than treated as a settled industry consensus.

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