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“The often-unheralded leader.”
The Digital Entertainment and Retail Association’s Annual Report (hereafter referred to simply as ERA), revealed that video games accounted for 42.1 percent in the UK’s home entertainment revenue in 2022.
According to the UK trade organization, games accounted for PS4.66 billion last year. This is a 2.3 percent increase over 2021. GamesIndustry.biz has confirmed that games remain the UK’s largest home entertainment sector.
Digital game sales account for the majority of this figure, and are expected to generate around PS4.17 billion in revenues according to ERA. It is an increase of 3.1% year-on-year.
On the other side, physical game sales in 2022 saw a decrease of 4.5 per cent, with a relatively modest PS488m.
In 2022, 10 percent of this sector’s sales were from physical software.
Kim Bayley, ERA chief, stated that “Gaming is still the unheralded leader in the entertainment market.”
Although growth of 2.3 percent was less than music or video, it is still huge and sets the standard for entertainment in terms of excitement and innovation.
The entire UK entertainment market, which includes video and music sales as well as games sales, is expected to reach PS11.1bn by 2022.
Video is the fastest-growing industry in the world, even though gaming made more overall.
These preliminary numbers will be consolidated by ERA in March.