The Brazilian Association of Game Development Companies (Abragames), in collaboration with the consulting firm Nordicity, has launched a new report outlining the Brazilian gaming industry. Titled “The Golden Opportunity: How Brazil Can Leapfrog into a Global Leader in Video Games,” this white paper provides an overview of the current state and potential of this industry in Brazil. The report concluded that the video game industry is in a state of constant change due to the rapid pace of technological innovation and shifts in consumer trends in a market worth USD 184 billion globally.
According to the report, Brazil is well positioned to benefit from this evolving market, as it is the largest gaming market in Latin America and the 10th largest in the world. In 2022, Brazilian gaming companies reported revenue of USD 251.6 million. Overall, this sector comprises 1,042 different game developers, employing approximately 13,000 people, primarily in the states of Rio de Janeiro and São Paulo. Another positive aspect highlighted in the report is that Brazilian gaming companies are well regarded internationally for their skills in art direction and engineering, and there is interest in games that explore the country’s unique cultural and historical heritage.
Source: Consulate General of Brazil NY