The UK computer games market was hit hard by the recent recession posting an average annual decline of 74% CAGR during the last five years. However, the release of a high profile console based games such as Grand Theft Auto V and Playstation 4 combined with the new release of the consoles Playstation 4 and Xbox One is forecast to drive increased revenues for 2013. The total computer games market revenues are forecast to total £848 million and recover from a recent decline over recent years.
The increased penetration of tablets and smart phones is providing the UK computer games industry with a new demographic to target as the older generations find computer games much more accessible through the tablets and women increasingly start to play computer games.
The decline in computer games revenues in the UK over the last five years has weakened confidence in publishers, especially when looking for funding for upfront investment for their new computer games. The recent sales figures for 2013, will provide the publishers with a new lease of confidence in the market.
The console manufacturers and computer game publishers need to track the strong performance in PC-based game sales. In the first half of 2013, the UKIE reported that PC-based computer game sales increased by 5% and now account for 22% of the total UK gaming revenues. PS3 games account for 25% of total revenue and the recent resurgence in PC-based game sales has reduced the gap between console and PC-based gaming revenues.
The leading computer games publisher in the UK is Electronic Arts Inc, followed by 2K Games and Sega.
For more information on UK computer games market, see the latest research: UK Computer Games Market
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