Investments in the game market of Turkey in the first half of 2023 reached $ 333 million.
According to the “Report on the Turkish Games”, prepared by the Digital Transformation Department under the President of Turkey, the country leads among European states in terms of investment involved in the game sector.
The Turkish Game Industry has been developing rapidly since 2018. The number of gaming companies in Turkey has 552, of which 331 operate in Istanbul, 108 in Ankara.
In the first half of 2023, the volume of investments in the game industry in Turkey reached $ 333 million.
Thus, Turkey has become a leader in Europe in terms of volumes invested in the game sector.
The second place in terms of investment in the game industry is occupied by the UK – 158 million, followed by Norway – 60 million, Finland – 53 million and Sweden – $ 24 million. The total amount of investment in these four countries is less than in one Turkey.
The volume of investments increased in comparison with the same period of 2022 and 2021 by about 60 percent. In 2017, investments in the game industry in Turkey amounted to only $ 0.6 million, in 2018 they grew to 1.8 million, in 2019 to 8.4 million, in 2020 to $ 14.4 million.
In 2021, investments reached $ 264 million, and the number of companies operating in this area increased to 52. According to 2022, the number of investments, if there were 23 companies, amounted to $ 424.7 million.
Istanbul last year became the second European city after London, which attracted the largest number of investments in the game sector. In the world ranking, Istanbul took fifth place.
Interest in video games in Turkey is higher than the average world (92.3 percent compared to an average of 81.9 percent).
Turkey in January 2022 took seventh place in the world in the number of citizens playing video games.
In 2023, the sale of mobile games amounted to more than $ 168 million dollars from total income.