Value of the gaming market in Europe in 2022 – Novinite.com

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Europe established gambling in its commercial industry and became part of its culture. Their video game industry got a third of the total market value. In fact, their game industry has been a profitable market, which is why Chinese companies have acquired it the most.

Read on to learn more about the market value of games in Europe in 2022.

European companies in the gaming market

The German market is among the leading countries, it is the fifth in the gaming market, based on its turnover in 2021 of almost 10 billion euros in turnover. Germany increased its turnover by 20% in just one year.

Moreover, the Germans are known for their physical casinos. But online casinos have also played an important role as Lowen Play has partnered with iSoftBet and agreed to make iSoftBet’s game versions available on its online casino platform in Spain.

There are online gambling sites where you can play online casinos, and you can find more details here.

Revenue in the European region is projected to reach $25.72 billion in 2022 and is expected to have an annual growth rate of 7.96%. Thus, the forecast volume of the video game market is 37.72 billion US dollars by 2027. The number of users is also expected to increase, reaching 343.4 million users from here 2027.

Mobile games have become the largest segment of the digital game industry, with a market value of US$16.11 billion in 2022.

These European game companies have paved the way to put the European region’s game market at the top.

Ubisoft

Ubisoft has created high quality games where it was one of the developers of one of the favorite games of all time like Super Mario. Other popular games include 2048, where they now own the company, and South Park and Assassin’s Creed, where they are the games publisher.

Their chief financial officer, Frédérick Duguet, said they performed slightly better than expected in the first quarter. Assassin’s Creed and Tom Clancy’s Rainbow Six Siege stood out with their performances.

Of their net bookings, it totaled €293.3 million, which exceeded their target of around €280.0 million in the first quarter of 2022-23. However, it fell to 10%, as the first quarter of last year totaled 326.0 million euros.

Rockstar North

Rockstar North is one of the developers of the best-selling Grand Theft Auto series. One of their franchises, GTA V, shipped 380 million units and become the second best-selling game of all time.

However, with GTA VI in development, there was a leak where a third party had illegally accessed confidential information from their internal systems. Such a leak of GTA VI caused the shares of Take-Two (parent company of Rockstar North and publisher GTA) to drop to 5.8% in pre-release.

On the GTAForums, a user named Teapotuberhacker has posted links to videos of what appears to be the first build of GTA VI. It also contains 10,000 lines of the game’s source code, which it has called “one of the biggest leaks in video game history”.

space monkey

Space Ape is known for developing and publishing mobile games such as Boom Beach: Frontlines, Beatstar – Touch Your Music, and Fastlane: Road to Revenge.

Some of their other mobile games are:

  • Rival Kingdoms

  • Transformers: Earth Wars

  • Seat of the Samurai

Beatstar – Touch Your Music made $73 million in revenue, with 38 million downloads in his first year. Beatstar music label has teamed up with Universal Music Group, Sony Music Entertainment, Warner Music Group, and more.

COO Simon Hade said their amazing music industry partners are doing innovative things in the gaming scene, where new audiences are discovering new music in-game.

Conclusion

With all the games currently in development in Europe, it is reasonable to assume that their market value will continue to increase. The companies mentioned here are just a few of the most popular video game developers in Europe. Still, it’s no wonder other companies are acquiring them.

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