The Swedish gaming industry earned €1.4 billion in 2016
The total turnover of Swedish game studios has grown by 1000% over the past 7 years and reached €1.4 billion by the end of 2016. The industry has remained profitable for 8 years in a row.
This is stated in the latest issue of the Swedish gaming industry catalog.
According to the publication, 25% of revenue is generated by small and medium-sized studios, they also employ about half of all employees of the Swedish gaming industry.
The catalog also shows an increase in the number of gaming startups. According to the results of last year, there are 287 companies operating in Sweden, and most of them are profitable.
Many of the gaming companies are listed on the NASDAQ stock exchange. Over the past year, the number of gaming companies that have entered the securities market has increased by 171.1%.
About 10% of all Swedish studios are working on projects in the field of virtual reality.
According to statistics, every 10th gamer in the world has ever played titles from Swedish developers.
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