The analyst Serkan Toto from the video game consultancy Kantan Games expects "solid numbers" for the sector in 2023, a year in which he does not foresee "miracles" but believes that there is room for larger investments.
With a minor expected effect of Covid-19, which contributed to market growth especially in 2020 and 2021 but affected supply and production chains, it is likely that the next-generation consoles PS5 (PlayStation 5) and Xbox Series S/X will be generally available in the second half of 2023", says Toto.
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Regarding the Japanese giant Nintendo, embroiled in persistent rumors about potential improvements to its software or its new generation of consoles, "it is possible that it will finally reveal its new Switch model, since the original console is now almost six years old and shows its age with the newest games", says the analyst.
As for releases in 2023, Toto points out that major studios "have several box office hits in the pipeline", including Microsoft's 'Starfield', Sony's 'Marvel's Spider-Man 2', or Nintendo's 'The Legend of Zelda: Tears of the Kingdom', the most anticipated game by the public at the recent The Game Awards.
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"I also believe that we will see multiple merger and acquisition agreements, and large investments in the global video game market in 2023, despite a possible economic recession," says the analyst, following a year marked by Microsoft's record-breaking purchase agreement with Activision Blizzard, which is still being contested by regulatory authorities.
As for the integration of blockchain technology in video games, a field that multiple companies in the sector have ventured to explore with tepid reception, although Toto does not expect the "crypto winter" to ease in 2023, he wouldn't be surprised to see at least one successful game that utilizes blockchain technology, "most likely in Asia".