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Gaming Exports in Turkey to Reach 2 billion USD by 2020

Written by: Bridgewest

Gaming-market-in-Turkey-to-reach-2-billion-USD-by-2020At the beginning of the year, the Development and Technologies Association of Turkey (TGGT) announced a strategy through which the export of digital games would reach 2 billion USD by 2020. The digital games industry now represents one of the leading economic sectors of Turkey as the government has enabled several incentives for innovation and technological production. Our company formation consultants in Turkey can assist investors interested in starting a business in the gaming sector.

The Turkish digital games sector has grown thanks to the young population

However, this is not the only reason for which gaming is now of the best investment sectors in Turkey. The data issued by the TGGT announces that Turkey’s location helped the country consolidate its position as Middle Eastern center for digital gaming.

When it comes to the Turkish population, it is made of youth under the age of 25 in proportion of 51%, which makes most of these citizens interested in pursuing a career in technological fields. Recent numbers show that there are 30.8 million young people interested in gaming in Turkey.

This is also the main reason why the government has decided to bet on the exports of digital games and to increase the incomes generated by this rising industry to 2 billion USD by 2020.

Turkey is the third fastest growing gaming market in Europe

Last year, the Turkish gaming market increased by 24,7% which transformed the country into the third fastest growing market in Europe after Russia and Romania. On a global scale, Turkey now occupies the 16th place. Also, the global gaming market employs hundreds of Turkish professionals in the gaming industry.

In order to obtain the 2 billion USD increase, the state has enabled a strategy through which Turkish companies in this sector will be assisted and encouraged to develop innovative solutions. The state also supports the creation of gaming associations and private companies in the gaming industry.

The TGGT will also focus on exporting and distributing raw materials for the production of components of computers and even to create the workforce needed to develop software.

For assistance in registering a gaming business in this country, please contact our company registration advisors in Turkey.

 

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