Press release
Economic Impact of COVID-19 on the Global Online Gaming Industry Share, Trends and Forecast to 2025
A full report description of Economic Impact of COVID-19 on the Global Online Gaming Industry https://www.omrglobal.com/industry-reports/economic-impact-of-covid-19-on-the-global-online-gaming-industry
The spending on games by UK consumers was valued nearly $7.3 billion in 2018, up 10% from 2017. In 2016, FIFA 17 by Electronic Arts was the best-selling entertainment product in UK, with a sale of 2.5 million units, nearly 9% over Star Wars: The Force Awakens, generated a sale of 2.3 million units. Rising internet and smartphone penetration has led to the adoption of online gaming services in the country. 78% of UK adults own a smartphone, increased from 27% in 2011, as per the Office of Communications (Ofcom). This, in turn, is contributing to increasing adoption of mobile gaming in the country, as it allows smartphone owners to download games on their phones for playing games. Likewise, the inclination towards online gaming has further witnessed across several countries, including the US, Japan, Germany, China, India, and Australia.
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Currently, internet providers reported unprecedented gaming traffic amid COVID-19 outbreak. They have struggled to bolster their networks owing to the surging demand. On Verizon’s network, gaming traffic has raised by 75% in one week, as per the Telco. COVID-19 epidemic has led to lockdown among several countries to limit the spread of the virus. This results in the increasing demand for gaming services among adults and children. They are showing interest in playing online battle games, such as Fortnite Battle Royale (Epic Games) and Call of Duty: Warzone (Activision Blizzard, Inc.). Additionally, they are purchasing games, including Nintendo's new Animal Crossing: New Horizons, released on 20th March 2020, which has set a record of nearly 1.9 million physical copies sale over its first three days in Japan.
Market Segmentation
By Device Type
• Console
• Computer
• Mobile Devices
• Others
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profile
• Activision Blizzard, Inc.
• Apple Inc.
• Electronic Arts Inc.
• Epic Games, Inc.
• Google LLC
• Microsoft Corp.
• NetEase, Inc.
• Nintendo Co., Ltd.
• Rockstar Games, Inc.
• Sony Corp.
• Take-Two Interactive Software, Inc.
• Tencent Holdings Ltd.
• Valve Corp.
• Warner Bros. Entertainment Inc.
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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