Overview

• The UK video game market saw a 1.8% drop in consumer spending in 2024, marking the first decline since 2019, with total revenue at £7.63 billion.
• Boxed software sales plummeted by 34%, now accounting for just 4% of total spending, while console hardware sales fell by 24% year-on-year.
• Digital console game spending increased by 3.5%, and mobile game spending rose by 8.1%, reflecting a continued shift toward digital and mobile platforms.
• Despite the contraction, the market has doubled in size since 2013, growing from £3.48 billion to over £7.6 billion, with record incorporations of new studios in 2023.
• UKIE is urging the government to implement policy reforms and increase investment, projecting that support could unlock £500 million in economic value and create 6,000 jobs over five years.