The Finnish games industry has declined 4.9% over the previous two years, turning over €2.85 billion in 2024.
That is in keeping with the Finnish Games Industry report, which estimated working outcomes of €800 million in 2023 and €400 million in 2024.
Performed by Neogames, the report interviewed 71 studios that employed 3,160 employees. The organisation cited the 4.9% decline in turnover to “non-industry-related components” together with recession, inflation, and a “basic post-COVID slowdown”.
It additionally highlighted an absence of great one-time offers throughout this era, in addition to the closure and write-off of cell studio Critically on the finish of 2022.
There was additionally a decline in investments from €300 million between 2021 and 2022 to €128 million by the top of 2024. Nonetheless, Neogames famous that the earlier interval included a €150 million credit score line from Supercell.
Regardless of this, Finland was among the many 5 largest games industries by turnover in Europe in 2024.
Between 2023 and 2024, 120 business Finnish games have been revealed together with Treatment’s Alan Wake 2, Supercell’s Squadbusters, and Colossal Order’s Cities Skylines 2, and Mainframe Industries’ Pax Dei.
Ten out of the 120 games have been cell games, which represented a “dramatic shift in comparison with the mid-2010s when the vast majority of games revealed have been for cell gadgets”.
In 2024, 58% of builders stated they have been engaged on games for multiple platform, with 23% creating titles for 3 or extra platforms. 42% have been targeted on single platform games, largely for iOS and Android.
On the finish of 2022, there have been 232 energetic studios in Finland. By the top of 2024, this elevated to 270. In line with estimates by Neogames roughly 700 studios existed between 1995 and 2002. 270 of these have been “actively engaged” in sport improvement by the top of final 12 months.
That’s “roughly 40 greater than on the finish of 2022, and marks the very best variety of energetic studios in a single 12 months in the historical past of the Finnish games industry”.
As for location, virtually half of studios are located in Finland’s Capital Area, which incorporates Helsinki, Espoo, and Vantaa. Almost 80% of workers work in the Capital Area in comparison with 76% in 2022.
Different main industry hubs in Finland are Tampere with 39 studios, Oulu with 22 studios, and Turku with 17 studios.
Taking a look at workers, Neogames estimates that 4,300 folks labored in the Finnish games industry by the top of 2024 – a rise of 200 in comparison with the earlier interval. Of those, 3,800 labored in Finland whereas 500 have been at Finnish-owned studios overseas.
Of the 71 firms interviewed, 3,058 have been full-time workers and 102 have been part-time workers. The share of feminine workers is round 25%, a rise from 22% in 2022.
Nonetheless, Neogames famous that the “variety of particular person firms was smaller in 2022, so the precise share of feminine workers in the Finnish games industry is predicted to be smaller, round 23% to 24%”.
As for non-Finnish workers in the industry, this has elevated from simply over 30% to 37%. Roughly 19% of employees interviewed have been from outdoors the EU/EEA space in comparison with 15% in the course of the earlier interval.