Press release
Asia-Pacific's Online Gaming Industry Booms, Led by Mobile Gaming Dominance and Chinese Market Growth
Asia-Pacific dominates the global market for mobile gaming, with China, Japan, and South Korea all showing promising signs of future expansion.
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Additionally, the mobile gaming sector is growing quickly in nations like Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, all of which have high potential. China, one of the most important economies in Asia, is heavily investing in new technology. Also, the country's gaming business saw a major COVID-related spike in 2020, which had a good effect on the Asia Pacific Mobile Gaming Industry.
► Popularity of Games
One of the leading games in the Battle Royale genre in 2021 was Free Fire from Garena, which had substantial development. It was the second most downloaded game overall and the most downloaded Battle Royale game in the entire planet. In addition, it became the most downloaded mobile shooter game ever, surpassing PUBG Mobile.
Tencent's PUBG Mobile broke all prior spending records in 2021 by having USD 1 billion in global customer spending. It actually did better than Honor of Kings, another Tencent game, to achieve first place in terms of revenue in 2021.
► China eSports Gaming Market Performance
Despite a challenging gaming legal climate in the second-largest economy in the world, China's e-sports business saw revenue growth of 14% year over year in 2021, according to Niko Partners. With an e-sports market worth USD 403.1 Million in China alone in 2021, the country will continue to be the largest in the globe even in coming years owing to presence of large gaming population.
► Young people and tourists are becoming more interested in playing classic Japanese video games.
The cost of Japanese video game systems and software from the 1980s and 1990s is skyrocketing; certain software titles that formerly cost approximately Yen 5,000 currently and now it's selling cost has been increased by tens and thousands in the second hand market.
► Scope of the Asia Gaming Industry report
A study by Makreo Research titled "Asia-Pacific Mobile Gaming Market - Appraisal of China, Japan, South Korea and India (2018-2022)" examines the mobile gaming market in Asian nations. The report assesses the historical and contemporary mobile gaming landscape in the main Asian nations of China, Japan, South Korea, and India. The reader can use this study to evaluate the gaming industry's growth prospects in the aforementioned regions as well as market performance in the pre- and post-COVID era. The ratio of qualitative and quantitative variables in the report is ideal.
Find out more:- https://www.makreo.com/report/asia-pacific-mobile-gaming-market-assessment-china-japan-south-korea-india
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Makreo is a Market research and consulting firm working closely with business conglomerates worldwide to help them in many aspects of driving their business growth and assist in making wise decisions with the help of our qualitative & quantitative market insights.
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