UK games market exceeds £4bn for the first time

Discussion in 'Gaming News Discussion' started by Calliers, Jan 10, 2021.

  1. Calliers

    Calliers Administrator Staff Member

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    The UK games market exceeded £4bn for the first time in 2020.

    According to the Entertainment Retailers Association, 2020 revenues were £4.2bn, up 14.5 per cent on 2019.

    Video games were boosted by global lockdowns last year, and downloads soared. The ERA said the largest single segment of the games market is the digital games business, which includes everything from mobile and streamed games to downloads. This segment grew by 16.3 per cent to £3.6bn in 2020, with downloads, digital subscriptions (Xbox Game Pass, for example), and DLC all contributing heavily.

    The digital games business in the UK was so big last year it was worth more than the entire video market and twice as much as the music market, the ERA said.

    As for the physical games segment, it returned to growth in 2020 with revenues up 4.6 per cent to £598.5m - despite the impact of lockdowns on the high street. Increased game purchasing during lockdown as well as new gaming consoles in November drove this growth, the ERA said.
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    Source: eurogamer.net
     

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