The UK’s video gaming market was valued at £7.05 billion in 2022, in line with the UK Interactive Leisure commerce affiliation (UKIE’s) newest Client Market Valuation report.
UKIE notes that this represents a stabilisation following a interval of unprecedented progress. The determine represents a decline of 5.6% in comparison with 2021, nevertheless it stays 17% above pre-pandemic ranges. In 2019, the market was valued at £5.3 billion in 2019, or £6.03 adjusted for inflation.
“We’re happy to see the UK video video games client market has maintained its progress trajectory and stays in-line with the place we anticipated it to be in 2019,” mentioned CEO of UKIE, Dr. Jo Twist OBE. “Though we might have seen a pure levelling off following elevated spending in the course of the lockdown years, it’s clear that the urge for food for video games and video games tradition within the UK continues to be sturdy.”
Regardless of the slight decline within the business’s valuation, cell sport gross sales climbed 11% to £1.43 billion. This makes cell gaming the second most worthwhile phase when it comes to gaming software program income, behind digital console downloads at £1.98 billion.
Rises and falls
Exterior of cell gaming, there have been a number of areas of the business which noticed important rises in 2022.
Movie and tv diversifications and soundtracks generated £54.8 million in income, representing a 66% improve from 2019’s determine of £33 million. The report notes that 2022 was the largest 12 months for movies primarily based on online game IPs in UK historical past, nevertheless this determine doesn’t account for streaming reveals, equivalent to Halo.
Toys and merchandising bucked the pattern of a 3% decline within the wider toy market, as a substitute climbing 7.7% year-on-year to £196 million. That is attributed partially to the Pokémon franchise, which was recognized as the highest performer. And was additionally helped by a number of excessive profile entries within the multimedia franchise.
Books and magazines additionally noticed a major rise, climbing 17% year-on-year to £13.9 million. The 12 months additionally noticed a rebound when it comes to occasion revenues, which stood at greater than triple the 2021 determine. Occasions equivalent to Insomnia and the Pokémon World Championships in London helped to drive this sturdy efficiency.
Earlier this 12 months, UKIE additionally launched its new UK Video games Map providing perception into the area.
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