Experts from the consulting firm Strategy Partners and the Video Game Industry Development Organization have estimated that the Russian video game market will grow at a rate of 5% annually until 2030, according to a joint study.
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The authors of the study expect that by 2024 the gaming market will grow by 6.1% and reach 187 billion rubles. This will be possible if the baseline scenario is implemented, which assumes an increase in the supply of games, stagnation or weak growth of the gaming audience, preservation of the current economic and geopolitical conditions and limited measures of state support for the industry, the study says.
Experts say the key drivers of market growth are the popularization of e-sports and streaming, as well as the development of information technology, which simplifies game creation.
“The current state of the industry creates many opportunities for the development and growth of Russian game studios and the emergence of new companies. The industry will be able to grow faster if domestic players enter the markets of friendly countries,” said Roman Tinyaev, head of the Mechanical Engineering and Technologies practice at Strategy Partners.
In 2023, the volume of the Russian gaming market amounted to 176 billion rubles, which is an increase of 4.7% compared to 2022.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
