TIGA, the network for game developers as well as the wider game titles industry, recently reported that your UK games industry is set to develop significantly in 2017. TIGA surveyed 50 game business of several sizes, and so they found the next.
First, 88% of your survey participants intend to better their workforce.iu 72% of survey participants reported they will would supplement their workforce for your year of 2016. Also, 50% with the respondents were thinking about purchasing R&D, training and new games development.
72% from the survey participants stated that their company was performing well, with simply 6% proclaiming that their company was performing badly. With that number, 64% stated that they expect their profits to raise in 2017. Obviously, 70% of respondents asserted they expect their costs to raise above the next Calendar year.
One on the strangest results was that 40% within the respondents expected game prices to. Whether this statistic comes from independent game developers who anticipate to enhance the price and quality of these games or whether here is the valuation on virtual reality or simply just an increase in standard retail prices is unclear.
TIGA’s survey wasn’t only excited about indication of growth in united kingdom video game titles industry, but obstacles to that growth. 34% from the respondents revealed that they had difficulty buying the financing how they need. Another 16% stated that they have skill shortages and skill gaps which are holding nicely. Other difficulties included scaling business operations, diversity and not enough VR hardware.
The TIGA CEO, Dr Richard Wilson, declared united kingdom video game titles industry “is focused to build in 2017. Our survey signifies that games businesses in mobile, VR, PC and console wish to increase investment and employment. This growth has driven by three factors.” Jason Kingsley, TIGA chairman as well as CEO and Creative Director at Rebellion, asserted “2017 is anticipated to be another exciting year for the UK computer games industry. We will have more start-ups, more existing firms expand and a lot more innovation and increase in the sector. I will be especially delighted that Game titles Tax Relief, a pace that TIGA consistently campaigned upwards of years, is helping to operate a vehicle boost in our sector.