Almost two years since the recommendations on the future of the local video games development industry were put forward, the government has responded.
A survey of Australian game developers found the industry generated $118.5 million in the 2016-17 financial year, up from $114.9 million the previous year, with 75 percent of studios surveyed projecting future growth.
The South Australian government has launched a $2 million fund to help build a games development hub in Adelaide, which will be operated by Game Plus, which also runs a games hub in Canberra.
Australia’s gaming industry grew at a 9.6 percent CAGR between 2013 and 2016 as it expanded into other sectors, according to a joint report.
Australia’s game development industry has massive potential for growth as an export industry, according to an independent survey by IGEA and GDAA.