Video Game Industry Only One to Grow During Pandemic – Opportunity for Development of Local Companies
– Games are being played more and more on all platforms. The data from Steam show that records in the number of players are broken every day – Cavic says.
According to him, in some categories, there's been a growth of up to 80%, and there's also a growth in the financial segment, though not as high.
Cavic reminds that, throughout its history, the video games industry has been resilient to economic crises.
– If we look back to the economic crisis of 2008, the video games industry took it very well. The reason might be that the ratio of the money and the amount of entertainment video games offer is definitely favorable. A quality PC game can be bought for 10-20 euros and offer dozens of hours of fun, which is quite a lot compared to books, films and other forms of entertainment – Cavic says.
The local games industry, our interviewee says, is part of the global industry, so he expects growth in our market as well.
– This is a global phenomenon, and the data are relevant for the local scene as well, so I expect local companies to also record some growth – our interviewee believes.
According to him, all companies, including those in the gaming industry, are facing the challenge of bringing their operations back in order, primarily in terms of logistics.
– Companies which organize fast and offer additional products can expect bigger growth – Cavic says and reminds that, even before the pandemic, the video game industry was one of the most promising ones.
Let us remind that, in 2018, the video game industry in Serbia earned 50 to 100 million euros. More about this can be found in a separate article.
I. Milovanovic
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
25.04.2024. | Industry, Transport
Chinese company Lianbo opens car engine part factory near Novi Sad
25.04.2024. | Industry, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
25.04.2024. | Industry, Construction
Visokogradnja inzenjering planning construction of production facility in Jagodina area
25.04.2024. | Industry, Construction