HQ Technology

    UK video game market slumps One of the sectors in the era of technological advancement is video games. Earlier it was only popular to play games for entertainment, but nowadays it is also a profession. Even in many countries around the world, video games have become a money-making medium and business. The gaming sector market has also declined due to various reasons including fear of global recession, price inflation. The value of the UK video game sector fell by 5.6% in 2022. This information has been revealed recently in a report by The Association for UK Interactive Entertainment (UKIE). According to news published in TechTimes, the sector’s market in the UK last year was 7.05 billion euros or 8 billion dollars, which is 17 percent more than the period before the Covid-19 pandemic. According to a BBC report, sales of gaming hardware, including consoles, fell 19 percent to $2.69 billion last year. On the other hand, the sales of software increased by 4.4 percent to 5.71 ...

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