Slovakia’s Video Game Market Shrinks by Nearly 10% in 2023

The Slovak gaming industry saw its first major drop in 2023, with total revenue falling by almost 10%, from EUR 77.1 million in 2022 to EUR 70 million. This decline reflects broader trends in the global gaming market, according to a report by the Slovak Game Developers Association (SGDA).

While the gaming industry had seen a surge during the COVID-19 pandemic, growth has slowed in recent years, leading to reduced profits worldwide. Globally, companies have responded with cost-cutting measures like mergers and layoffs, though Slovakia’s industry has largely avoided these impacts, reports stated.

A closer look at the numbers, the reports reveal that the top 10% of Slovak gaming companies generated EUR 58.6 million of the total turnover in 2023. The Slovak gaming industry employs 1,017 people, a slight decrease from 1,080 in 2022. Of the current workforce, 21% are women, and 9% are foreign developers.

Slovakia is home to 69 gaming companies, with the largest concentration of them based in and around Bratislava, the capital city. Major players in the industry include Pixel Federation, QORPO, Nine Rocks Games, Superscale, and STUDIO 727. In addition, about 29% of the country’s gaming companies are located in the eastern region, particularly in Košice. Notable companies from this region include Inlogic Software and Games Farm.

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