According to Game Developer Index 2011, A report which is based on a compilation of annual reports from companies operating in game development. Over half of the companies are profitable with the industry reporting a combined profit for the third consecutive year, profits increased by 747 percent. The number of industry professionals saw an increase of 26 percent to 1,512 employees, which is also a new record, with the number of women in the industry also experiencing an increase of 74 percent.
- There is both the strength and breadth in the Swedish gaming exports, says Per Strömback, spokesperson for the Swedish Games Industry. The record increase is partly because there have been new games for digital channels such as mobile phones, social media and the web. Moreover, large productions by traditionally strong Swedish game companies performed well during the year. And of course there is the phenomenon that is Minecraft, which alone accounts for over 20 percent of the total industry turnover.
Among the successful Swedish games in 2011 include Battlefield 3, and games for social media from King.com, Stardoll and several others. Globalization is also evident with several companies such as Avalanche and Paradox Interactive having offices abroad. Meanwhile, foreign companies have seen the potential in Swedish game developers and either opened offices in Sweden or followed through with acquisitions.
- 2011 was the year when the Swedish gaming miracle adapted to new conditions without losing its quality, profitability and international competitiveness, says Per Strömback. The market has become broader with new audiences and new distribution opportunities for game developers, while large foreign players such as Rovio (Angry Birds) and Ngmoco have opened offices in Sweden. All indications point to continued growth for the games industry in Sweden in 2012.
About the Game Developer Index
The report is based on a compilation of annual reports for companies operating in game development. The Game Developer Index 2011 comprises of 117 companies. Since the compilation only includes limited companies, there is some loss of business, such as those which are registered as partnership or sole proprietorships.