In-game sales could climb by 23% in 2024: report
This comes as more consumers play immersive video games online.
The global sales growth of in-game purchases is projected to rise by 23% from 2021 to 2024, Euromonitor International reported.
In its Top 10 Global Consumer Trends 2023, Euromonitor found that 30% of consumers owned a gaming console in 2022, whilst 37% participated in online video gaming at least weekly in the same year.
Read more: Nearly 45% of consumers shop online for cheaper options
On top of this, Euromonitor forecasts a 12% growth in the total esports sponsorships in deals in 2022.
“These virtual communities are only a slice of the online universe. But players are immersed in these platforms, and brands have a unique opportunity to target hyper-engaged consumers,” the report read in part.
“Incorporating gaming touchpoints into the customer journey will strengthen brand recognition amongst Game On consumers.”