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TIGA Reports VR and AR Helped Stimulate Growth of Gaming Industry

Yesterday The Independent Game Developers’ Association (TIGA) released findings that show the UK videogames development sector grew to record levels this year, and this very much includes virtual reality (VR) and augmented reality (AR).

In the report names Making Games in the UK Today: August 2016, there is a report on the state and health of the UK videogames industry. Dr Richard Wilson, TIGA CEO, commented in the press release for the report: “The industry’s growth over the last year has been driven by three factors. Firstly, the games market is buoyant, with new opportunities continuing to arise in mobile, PC gaming, console and VR and AR, which have combined to stimulate investment and job creation.”

TIGA logo

The other two points included the increased number of start-ups, which can certainly be seen in the VR and AR industry, and Games Tax Relief (GTR).

CEO and Creative Director at Rebellion, Jason Kingsley, who often comments on its VR title Battlezone, said: “The UK video games development industry grew to record levels in 2016 confirming its reputation as a creative, technological and economic success story. This is great news for consumers, students and developers.”

TIGA’s research found that from March 2015-2016 the number of creative staff grew by 7.5%, annual investment rose by nearly £60 million (GBP), and the game development sector’s contribution to UK Gross Domestic Product increased by over £1.1 billion.

For more on the latest industry developments, as well as all the news, updates, and features in the world of VR, make sure to check back with VRFocus.