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China Online Gaming Market, Size, Share Growth | Forecast (2023 - 2028) | Renub Research
China Online Gaming Market Share is anticipated to expand at a CAGR of 8.45% by 2027. In recent years, the increase of China online gaming market has been out of the ordinary, making it a global gaming powerhouse, pushed via its vast population, mainly the younger demographic, who have embraced gaming as a cultural phenomenon. The rising middle class, with increased disposable income, has in addition fuelled the China online gaming industry's expansion, as gamers invest in virtual objects and premium subscriptions, cementing China's global online gaming growth.
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Furthermore, mobile gaming has revolutionized the online game industry in China with its tremendous adoption, driven by the accessibility of smartphones and low-cost data plans. Games like "Honor of Kings" (also called "Arena of Valor") and "PUBG Mobile" have attracted thousands and thousands of players, extensively expanding the online gaming market. Likewise, China has emerged as a global leader in esports, proposing a passionate fan base and a thriving competitive scene, with esports tournaments drawing large audiences and investments. Streaming systems inclusive of Douyu and Huya have capitalized in this trend, presenting live broadcasts of professional gaming competitions, and engaging with an intensive viewer base. Thus, China Online Gaming Market is projected to value around US$ 90.52 Billion by 2027.
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Also, the Chinese authorities has a vested interest in nurturing the increase of the online game industry while ensuring that it aligns with cultural and political values. Regulatory measures are in place to promote responsible gaming, protect minors from immoderate gaming, and ensure that games adhere to Chinese cultural norms. This delicate balance among support and regulation helps preserve a wholesome gaming surroundings, safeguarding both consumers and the enterprise's integrity while taking into consideration continued growth and innovation in the China online gaming market.
Mobile gaming has witnessed sustained growth in the China online gaming market share.
The widespread adoption of smartphones, coupled with the supply of affordable mobile data plans, has made gaming handy to a vast customer base. Developers have capitalized on this trend by creating a diverse range of mobile video games, appealing to distinct demographics and pursuits. Furthermore, the social nature of mobile gaming, with functions like multiplayer modes and in-game chat, fosters engagement and encourages longer play periods, contributing to the continuous enlargement of the mobile gaming sector in the China online game industry.
Males are expected to dominate in the forecast period in the China online gaming market due to historical preferences and established gaming habits.
Traditionally, men have proven a higher interest in gaming, and this trend will possibly continue the online gaming growth. Moreover, the online game industry continues to launch titles and genres that predominantly appeal to male players. While the gender gap in gaming is narrowing, with more woman game enthusiasts becoming a member of the community, men are nonetheless projected to maintain an enormous presence in the China online game industry.
The 18-24 age group continues to lead in the China online gaming market because of their high levels of enthusiasm, disposable income, and extensive free time.
Young adults on the 18-24 age bracket are avid game enthusiasts, with a strong appetite for numerous gaming experiences, propelling the online gaming market share in China. They are more likely to invest time and money in online video games, making them an essential demographic for game developers and publishers. Their tech-savvy nature and energetic participation in online groups also solidify their position as the pinnacle section in the China online game industry.
Competitive Landscape.
Tencent, NetEase, Perfect World Entertainment, 37 Interactive Entertainment, King Net Network, Yoozoo Interactive, Net Dragon, and Zhejiang Century Huatong are important participants in the China Online Gaming Market.
Market Summary.
• Category - The Report covers China Online Gaming Market, by category in three viewpoints (Mobile Game, Client Gaming, and Web Gaming)
• User - China Online Gaming Market breakup by user in two viewpoints (Male and Female).
• Age Group - Renub Research report covers the China Online Gaming Market by age-group in 5 viewpoints (18-24 years, 25-34 years, 35-44 years, 45-54 years, and 55-64 years).
• Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King Net Network, Yoozoo Interactive, and Perfect World Entertainment.
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Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
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