Today trade body Ukie revealed the UK games industry market valuation is at its highest ever with almost all divisions seeing an increase in revenue year-on-year.
Last year when the results of the EU Referendum were revealed, many in the industry were worried about the knock-on effect it would have on the industry as a whole. At the time, Ukie were confident that the results wouldn’t have a dramatic effect on the industry, and they’re right.
According to Ukie, who posted a series of Tweets this morning revealing the market value of various divisions of the gaming industry. The Mobile Games industry, according to SuperData, is currently valued at almost £1 billion, a 16.9% increase from 2015.
As for UK games software across digital, online, boxed, pre-owned, and the aforementioned mobile, comes together with a valuation of £3 billion for the first time ever. According to the data, digital and online is up by 11% and boxed software is down by 15%.
The market valuation for VR software, a new entry for this year, debuts at £61.3 million according to Superdata, a pretty impressive start for a new genre of gaming. Speaking of hardware, Ukie also revealed that consumer spend for hardware across console, PC game, peripherals, and the aforementioned VR totals £1.13 billion.
Interestingly console hardware sales are down -26.7% but PC game hardware spend is up +64.3% over last year. Accessories & peripherals were also down -16.6%.
Elsewhere, products such as toys & merchandise, books & magazines, movies & soundtracks, and events & venues are worth £100.5 million, with all areas showing growth over 2015.
Overall that puts the entire UK Gaming Industry at a market value of around £4.3 billion, an impressive 1.2% increase over 2015.
Fantastic to reveal the UK games industry market value for 2016 is £4.33bn – an impressive 1.2% increase pic.twitter.com/nnpTgwKgPN
— Ukie (@uk_ie) March 16, 2017