MCV predicts that the UK will become the world’s second biggest video games market by the end of the year
With the Japanese market suffering a significant decline in value in 2008 and the UK enjoying record sales, MCV is predicting that the UK games market will by the end of the year grow to become the second most valuable in the world.
Whilst the Japanese market was worth £520,000 more than the UK in 2008, it declined year-on-year by 15 per cent. In comparison, the UK boomed by 18.5 per cent. If these trends continue ion 2009, the UK will attain an annual video games market value of £4.77bn.
In contrast, Japan is currently on target to achieve a 2009 market value of £3.86bn. Both could pale in comparison to the USA market, however, which could prove to be worth as much as £17.7bn, though it will have to reverse its current rate of decline to do so.
To read MCV’s Global Market Analysis in full, click here.
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Comments
I can't see it happening
It's not going to happen. Not with the £ having halved against the Yen since last Summer.
Re: I can't see it happening
And yet the government continue to screw britsoft devs over...
Time ...
Perhaps its time there was a British competitor going up against Sony, Nintendo and Microsoft, producing something a little bit different to their offerings?
Developers are the new Indie retailers
They never stop ****ing moaning!
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MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets