Europe has established the game in their commercial industry and has become part of their culture.
The video game industry already accounts for a third of the total market value. In fact, Europe’s gaming industry is a profitable market, that’s why Chinese companies buy it the most.
European companies in the game market have always asserted their position. The German market is one of the leading countries, with the fifth largest market in the games market, based on revenue in 2021 reaching almost 10 billion euros. Germany has increased its turnover by 20% in just one year.
In addition, the Germans are known for traditional games in a variety of genres that are noticed by many people. But online casinos also stand out because Lowen Play has partnered with iSoftBet and agreed to offer games
Sales in the Europe region are projected to reach $25.72 billion by 2022 and have an annual growth rate of 7.96%. So the expected market volume of video games is 37.72 billion US dollars in 2027. The number of users is expected to grow, to 343.4 million people by 2027 .
Mobile games have become the largest segment in the digital games industry, with a market value of US$16.11 billion by 2022. These European game companies have paved the way to bringing the game market of the European region to the forefront.
Ubisoft has created high quality games where it is one of the developers of one of the most beloved games of all time, such as Super Mario. Other popular games include 2048, where they now own the company, and South Park and Assassin’s Creed, where they are the publisher of the game.
Chief Financial Officer Frédérick Duguet said that it performed slightly better than expected in the first quarter. Assassin’s Creed and Tom Clancy’s Rainbow Six Siege were noticed for their performances.
Game revenue totaled 293.3 million euros, exceeding their target of around 280.0 million euros for the first quarter of 2022-23. However, this has dropped to 10% because of last year’s total first-quarter revenue of 326 million euros.
Meanwhile, Rockstar North is one of the developers of the largest-selling Grand Theft Auto Series. One of their franchises, GTA V, sold 380 million copies and became the second best-selling game of all time.
However, when GTA VI was in development, there was a leak where a third party had unauthorized access to confidential information from their internal systems. One such GTA VI leak sent shares of Take-Two (Rockstar North and parent company of GTA publisher) down to 5.8% in the crypto market.
On GTAForums, a user named Teapotuberhacker posted links to videos of what appears to be an early build of GTA VI. It also contains 10,000 lines of the game’s source code, which has been called “one of the biggest leaks in video game history”.
Space Ape is known for developing 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, Samurai Siege.
Beatstar Touch Your Music grossed $73 million, with 38 million downloads in its first year. Music label Beatstar has partnered with Universal Music Group, Sony Music Entertainment, Warner Music Group, etc.
COO, Simon Hade, says that their incredible partners in the music industry are doing innovative things in the gaming arena, where a new group of players can discover new music in games.
With all the games currently in development in Europe, this region’s market value will continue to grow. The companies mentioned here are just some of the most popular video game developers in Europe. It’s not surprising, however, that other companies are acquiring them.