The Game Developers Association of the Philippines (GDAP) is optimistic that the country’s game development industry will grow faster in 2012 at a rate of 60-70 percent. This year, the projected growth rate is 55.56 percent or $14 million.
Darwin Tardio, president of GDAP, said they are looking at a faster growth rate despite the recent Standard & Poor’s US credit rating downgrade. He added that the global gaming industry managed to perform well even during the recession.
Game development is considered as one of the faster-growing segments of the business process outsourcing (BPO) industry. Earlier this year, the Business Processing Association of the Philippines (BPAP) said they aim to increase the number of game developers this year to 1,600 from 1,200 in 2010.
Tardio said it will not be too difficult for the game development industry to flourish especially since there is a demand for mobile phones and other handheld devices, which are popular platforms for gaming.