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Subscriptions, live service games will slow down in 2024 | Newzoo
Newzoo has released its predictions about 2024 -- its analysts believe this will be a lean year where the games industry recovers.
It predicts that major trends such as live service games and subscription models will cool off and see lower growth than they have in the past few years. “After 2023, when the industry faced a series of unfortunate layoffs and many big gaming bets didn’t pay off, this year will be lean for many companies,” say Newzoo’s analysts. “The cash and investments that flooded the market during the pandemic have dried up considerably, and funding massive new projects is no longer a top priority.
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