Gaming Industry in Singapore takes off
16 July 10
The global video gaming industry in 2009 was estimated at US$52.5 billion, and video game revenue is expected to jump to US$86.8 billion in 2014, according to PricewaterhouseCoopers.
And with the Singapore video games industry growing from $87 million in 2005 to $285 million in 2007, Herman Ng, managing director of Rapture Gaming, co-organisers of The Games XPO (TGX) 2010 said that he hoped the exhibition would promote game developers based in Singapore.
Christopher Low, managing director of Pendulab, a Singapore-based casual games company said that there is a huge market for such games. He cited that Zynga achieved around US$300 million in revenue last year.
He added that gaming industry is forming and becoming noticeable as overseas game developers are also entering Singapore.