December 5, 2023

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How Did the UK Gaming Industry Get So Big?

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How Did the UK Gaming Industry Get So Big?

Video gaming is a common hobby among Brits, today. The exact proportion varies from study to study, but around two-thirds of people in the UK enjoy playing games at least occasionally. It’s easy to see why too, as the range of choice that they have available has exploded in recent years. On top of that, the gaming companies’ marketing efforts are reaching wider audiences. For example, many online casinos now run special offers aimed at new customers as they try to compete in a very crowded market.

While the gaming landscape of the United Kingdom in 2023 may consist of luscious and fertile meadows for as far as the eye can see, this was not some sort of overnight success. It has been tilled, sewn, irrigated, and fertilised over several decades to help it yield bountiful harvests year after year.

How bountiful? According to the BBC, the UK video games market is worth more than £7.16 billion. It’s also been growing steadily in recent years, with current estimates suggesting spending on gaming-related products and services will grow at a CAGR of 7.75% between 2023 and 2027 with the number of UK nationals taking part in this popular pastime rising to over 70% of the population over the same period.

Origins of Computing and Gaming

We often associate the gaming industry with the United States because of the huge role that it plays in it today. However, the UK had a key role in the early development of video games and the underlying technology that was needed to making playing them possible.

While they likely didn’t intend to at the time, famous Brits like Alan Turing directly contributed to the creation of modern video games by developing the early computers that our modern devices have descended from.

Even more recently, it was British engineers that invented the RISC processor concept that that powers the ARM chips used in smartphones, tablets, and even some consoles like the Nintendo Switch.



Business Matters

2023-04-03 19:04:28

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