According to the most recent report by Renub Research, titled "The United Kingdom video game Market & Forecast, by Category (Mobile, Download, Online, Gaming Networks, Consoles, P.C. Games), Users, Age Group, Gender, Income, Company Analysis" Video games market in the U.K. accounts for more than half of the entire gaming industry within the year 2020. Nearly every industry in the U.K., like online games, computer games, download consoles, gaming networks and P.C. games, demands are is rising. The U.K.'s video gaming industry is one of the biggest in Europe. According to Renub Research analysis report, the united kingdom video game market will be US$ 3.7 Billion by the end of the year 2026.
Video games are most well-liked in Middle & High-Income population. By age group, 25-34 and 35–44 age groups are more popular compared to 18-24, 45-54, 55-64 age groups of the population. Gaming companies in the U.K. are playing a significant role in the growth of the gaming market by launching next-generation software and hardware.
Computer Game Industry in the U.K. during COVID-19
Video gaming is trendy in the U.K., and this coronavirus quarantine has further fuelled consumer interest in the gaming industry. According to Renub Research analysis, the number of users in the COVID lookdown for Smartphone & Download games has increased with this increased growth. Other factors for this growth are rising penetration of the net and smartphones, technological improvements, etc. Gaming console sales have shown substantial progress in the year 2020 as compared to last year. Health experts are giving the go-ahead sign for video games as a helpful tension buster during COVID times.
The U.K. game industry contributed $3.9 billion in GVA to the U.K. economy in 2016. In 2018, games accounted for more than half of the entire U.K. entertainment market, 51.3 per cent, outselling music and video combined, for the primary time.
Almost every sector of the U.K. game industry market is growing. According to TIGA analysis, the U.K. video game sector is the largest in Europe, contributing over $1.96 billion towards British GDP in 2017.
75%: The revenue U.K. games companies generate from international sales/
The U.K. is an ideal spot to grow new games. Huge worldwide organizations like Microsoft, Activision Blizzard, Sony Interactive Entertainment, Konami and Take-Two, have opened workplaces in the U.K., and organizations like Warner Bros, E.A., and Ubisoft have put resources into improvement studios and distribution networks in the U.K.
86%: the percentage of U.K. game workers who have at least one degree
A strong and deep workforce with leading-edge skills in games and immersive technologies sits at the heart of the U.K. game industry. The industry actively nurtures innovative new talent in multiple ways:
- NextGen Skills Academy targets the next generation of game designers through initiatives like new entry-level qualifications and apprenticeships.
- Creative Skillset offers up-to-date and relevant game sector training and education.
- Inventive Skillset presents to-date and significant game area preparing and schooling.
- TIGA Accreditation guarantees U.K. colleges produce graduates with applicable aptitudes.
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Market Summary:
By Category: The market and market share of Mobile Games, Download Games, Online Games, Gaming Networks, Consoles and P.C. Games are covered in this research report.
By Users: This research report covers the user and user share analysis for Mobile Games, Download Games, Online Games, Gaming Networks, Consoles, and P.C. Games.
By Age Group: The market and market share by following Age Group: 18-24, 25-34, 35-44, 45-54, 55-64 is given in the research report.
By Gender: This report provides market and market share by Male and Female Users in the country.
By Income: All three income level's Low Income, Medium Income, High-Income market and market share are provided in the report.
By Company: The Overview, Recent Development and Sales Analysis of Keywords Studios, Codemasters, Frontier Developments, Sumo Group, and Team17 are given in the research report.
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