The game industry is deemed to have significant growth potential in the upcoming years, according to Indonesian game developer Agate. This growth aligns with the rapid evolution of technology, increasingly affordable gaming devices, and improved internet penetration. Agate, citing data from Statista, projects that the global video game market will reach USD 282.3 billion in revenue by 2024, reflecting a 13% increase from USD 249.58 billion in 2023. Additionally, the video game market is expected to grow by 8.76% year-on-year (YoY) between 2024 and 2027. Shieny Aprilia, Co-Founder and CEO of Agate, anticipates 2024 to be an exciting new phase for the gaming industry. Agate strives to act as a catalyst for the gaming sector in Indonesia by leveraging expertise and global access. In pursuit of its global expansion, Agate focuses on a Business-to-Business-to-Consumer (B2B2C) business model in 2024. Shieny revealed Agate's strategies, including developing representation teams in the Americas, with existing offices in Canada, Germany, South Korea, and Japan.

Agate continues to utilize its global network to strengthen Indonesia's gaming ecosystem and enhance skills through Research and Development (R&D) initiatives. The company is committed to nurturing local talent and leadership quality through the Agate Academy to accelerate the growth of the gaming industry in Indonesia. Last year, Agate actively promoted the local gaming industry, participating in approximately 35 international events, primarily in Europe and America. The company also formed partnerships with five global firms: ISKRA, Naver Z (ZEPETO), PQube, Ifland, and Sekuya. Furthermore, Agate released 14 global projects and initiated four new game projects, marking an increase compared to the previous year, solidifying Agate's position as a trusted game developer globally. Chief Strategy Officer of Agate, Cipto Adiguno, sees 2024 as a rebound year for the game industry, providing an opportunity to strengthen Agate's position as a reliable global game development partner. Agate proudly introduces Vertx Break, a new sub-brand focusing on creating immersive gaming experiences through high-quality visuals. Vertx Break aims to diversify Agate's business by becoming a new force in the international game landscape. Specializing in high-quality 3D Stylized Art, the unit offers services for 3D characters, equipment and outfits, environment props, and hard surfaces, aiming to cater to AA-scale developers.

Source: https://industri.kontan.co.id/news/bisnis-industri-game-masih-prospektif-di-tahun-2024