An international market report has revealed that the world’s three largest game markets – Japan, the US and the UK – have experienced markedly contrasting rates of growth and decline across 2008.
The conclusion of Top Global Markets’ monthly report (an integrated study that compiles data from The NPD Group, GfK Chart-Track and Enterbrain) states that software sales across Japan, the US and the UK saw a collective climb of 11 percent in 2008. Around 410 million software units were sold across the globe last year, says the report. That figure stretches far past the 367.7 million units sold across the same markets in 2007.
Both the UK and North America are responsible for driving this growth, as the UK saw an annual software sales surge of 26 percent in 2008, while North America experienced a sales climb of 15 percent. Japan, however, was holding the global growth rates back, as Media Create reported a 13 percent decline in software sales across 2008; largely be attributed to a decline in portable software, followed by console software.
Explanations for the perceived decline pointed to the PlayStation 2, a console which had shrunk by 46 percent in 2008 based on units. Each next-gen system saw gains in Japan.
“Looking ahead to 2009, a string of star titles are lined up to hit the market, including DS's Dragon Quest IX: Hoshizora no Mamoribito,” says Ricky K Tanimoto, Global Marketing Analyst for Enterbrain. “There are also big console titles scheduled for release in 2009, such as Monster Hunter 3 and Final Fantasy XIII -- leading us to anticipate the console software market will fuel sales of this year’s gaming market.”
The UK saw console software jump by 38 percent, while handheld titles saw 6 percent growth. The same pattern occurred in the US, where handheld software climbed a slight 2 percent, while console software jumped by 22 percent.
“There are some incredible statistics within the Top Global Markets Report that highlight the differences between the three major markets in the world,” said Dorian Bloch, Business Group Director for GfK Chart-Track. “In fact, UK console videogame software units are more than double what was achieved in 2003, which just shows how fast the UK market has been growing. Because of this amazing growth and coupled with the downtown currently being experienced in Japan, the UK market has for the first time overtaken Japan as the No2 world market. Although still behind on revenue, the gap has narrowed considerably and it will be interesting to see how things develop during 2009.”