"There are many reasons for this. For one, a large number of people have shifted to digital only. You can buy a Sony PlayStation 5 without a disc drive and Microsoft's Xbox Series S is a digital only console. It is not uncommon to release modern games as digital-only.
Secondly, not releasing a disc helps keep the price of the game at $59.99 and the PC version at $49.99.
Finally, we did not want to ship a disc product and have it require a download for the game - we do not think this would make for a great experience either"
While Remedy isn't wrong, this decision has brought about the ire of several people online who prefer physical editions of games, and who would rather have a sequel to Alan Wake right next to the original on their shelves. The original Alan Wake was released back in 2010, giving this sequel over thirteen years of hype behind it.