German Games Market Grew 1% in 2022
The German games market reached €9.87 billion in 2022, showing a 1% growth.
A new report from the German Games Industry Association (Game) reveals that the German games market experienced a 1% growth and reached €9.87 billion in 2022. The trade group referred to this as to "stabilizing at a high level" following a 32% and 17% boost in revenues in 2020 and 2021 caused by the pandemic.
Game managing director Felix Falk noted that the German games market achieving a 1% growth in 2022 is a remarkable result since it was achieved despite facing various challenges, such as high inflation, decreased time spent playing games, and delayed game releases.
According to the report, revenues for online gaming services, such as Xbox Game Pass, PlayStation Now, Nintendo Switch Online, and NVIDIA GeForce Now, experienced an increase of 20% year-over-year, following a more moderate 4% growth in 2021. This also indicates that online gaming services saw the strongest growth in comparison to other gaming services.
However, the decline in the hardware market, where console and handheld sales decreased by 6% year-over-year and gaming PC accessories, including VR headsets and graphics cards, fell by 10%, mostly offset the overall growth. Meanwhile, gaming PCs and laptops saw a growth of 14% year-over-year, making it the only segment of the hardware market to have increased.
In terms of software, full-game purchases, including boxed copies and digital downloads, experienced a slight dip of 1%. However, this was offset by a 2% increase in in-game and in-app purchases, resulting in an overall 1% growth in software revenues for the year.
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