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Why the Finnish gaming market has exploded in the last few years

Finnish game market Some of the games by Finnish developers have been accepted worldwide and are sweeping the world. Finland’s national bird may be whooper swan, but gamers around the world oppose favoring angry birds. This video game by Finnish developer Rovio Entertainment is an internationally renowned title.

Rovio’s extraordinary success is far from a fluke. Finland is one of the fastest growing iGaming markets in the world.The number of Finnish iGaming companies has skyrocketed in the last few years, covering both video game brands and site lines. Nitro..

About 40% of all Finnish iGaming companies are startups launched in the last two years or so.

Statistical breakdown of the Finnish gaming industry

According to a report from the Finnish gaming industry, the Finnish gaming industry generated € 2.4 billion in 2020, a 9% year-on-year growth. Despite the pandemic, the market recorded profits of over € 1 billion.

The report confirmed that approximately 46 of the more than 200 active studios based in Finland paid more than € 1 million in tax revenues in 2020 each. Sales of the four studios are well over 100 million euros.

From 2010 to 2020, the combined annual growth rate of the Finnish gaming market is 37%. Supercell was at the heart of Finland’s gaming space, but its market share continues to decline as new studios are launched and expanded. Supercell’s industry share in 2020 was 54%, a sharp drop compared to its 88% share in 2015.

The market is ready to continue to grow as the gaming industry moves from console and PC-based gaming to mobile and cloud-based options. According to a recent report, 62% of Finnish game developers are working on iOS games and 65% are working on Android games.

The Finnish gaming industry publishes about 100 new game titles each year, with the main gaming platforms being PC and mobile. The industry employs more than 3,600 people in the country. 22% are women and 28% are non-Finnish residents.

Helsinki is a famous game hub

Helsinki happens to be the center of the Finnish gaming industry. There are more than 50 game companies in the city. Some of the best and most famous Finnish games have been developed in Helsinki by international brands such as Alan Wake, Bugbear and Max Payne.

according to Joonas LaaksoThe latest Bugbear producer, Ridge Racer, is the second largest project of any brand ever done in Finland, involving over 100 Finnish developers. The project took two years.

Developing a Big Triple A game requires a specific set of resources, and Helsinki provides just that. The city has the right talent, capital, and technical infrastructure for game development.

The popularity of mobile games

The mobile gaming sector is the driving force behind the Finnish gaming industry and explains why the majority of gaming companies specialize in mobile game development. The cost of developing a mobile game is only one tenth of the budget for a triple A title.

Easy for a small game studio Invest in mobile gamesTherefore, there are many mobile games in Finland. Based in Helsinki, Supercell Games is Finland’s leading mobile gaming brand, with Clash of Clans ranked top in Apple Stores in 77 countries.

The financial success of Clash of Clans is due to the free-to-play model of the game. In this model, the main source of revenue is in-game microtransactions by players.

One of the reasons for the growing popularity of mobile games is the high penetration of mobile in Finland and around the world. Mobile games are more convenient and accessible than console and PC games.

Impact of system changes

Over the years, the growth of video games as a medium has gradually gained academic interest. According to Professor Frans Mäyrä, director of the Institute of Games at the University of Tampere, the generation of game researchers continues to grow.

Learning institutions are beginning to offer in-depth courses on modern games and related techniques. This has had a major impact on the growth of the Finnish gaming industry. No one would have predicted that higher education institutions would open their arms and welcome game studies a few years ago.

Finland is one of the leading countries in this new trend. However, there are many challenges to adopting game studies, including lack of sufficient funding. However, this trend is gaining momentum and is expected to reach an important sector of the Finnish economy.

The appeal of free-to-play games

Following the tremendous success of Angry Birds and subsequent titles, the Finnish gaming market turned its attention to free games. This game model is very popular in the country and relies solely on optional microtransactions as a source of revenue.

This revolutionary innovation has launched more game studios and suppliers in Finland. Today, Rovio Entertainment is not the only successful game supplier in the country.

Supercell Games has a keen interest in free-to-play gaming models, and Clash of Clans has earned about $ 1.5 million a day since its release in 2015.

Finland is considered one of the leading countries for mobile and free-to-play games. The country is also working to establish a position in the iGaming industry.

Games are one of Finland’s top export industries

According to Neogames, the export share of Finish game development is about 98%. The gaming market is considered the largest of all Finnish content creation industries in terms of exports.

Games have had a major impact on popular culture, with an estimated 1 billion people around the world playing Finnish games at some point in their lives.In this way, the game offers a great opportunity for Finns Cultural production For global consumption.

Finnish gaming industry since 2017

Industry experts consider 2017 to be a stable year for the Finnish gaming industry. The main milestone was the list of four Finnish gaming companies. This shows that the industry is becoming more mature.

The market is also undergoing structural changes, and the number of mid-range gaming companies has increased significantly. The number of companies with more than 50 employees and sales of more than $ 10 million is skyrocketing. At the time of this writing, Finland is considered one of the top three European game developers.

HT

https://www.helsinkitimes.fi/business/21594-what-made-the-finnish-gaming-market-explode-in-the-past-few-years.html Why the Finnish gaming market has exploded in the last few years

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