Saudi Arabia Gaming Market on a Thriving Path, Set to Reach USD 2,879.7 Million by 2028 | Infinium Global Research

The Gaming industry in Saudi Arabia is experiencing substantial growth, with the market valued at USD 1,795.0 million in 2021 and projected to reach USD 2,879.7 million by 2028, marking a remarkable CAGR of 7.05% during the forecast period. The surge in the popularity of gaming, coupled with the increasing prevalence of gaming tournaments and a growing online gaming community, is driving this phenomenal expansion.

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Gaming and eSports on the Rise

Saudi Arabia has witnessed an exponential increase in the popularity of gaming and eSports, particularly among the younger population. The Saudi Arabian Federation for Electronic and Intellectual Sports launched its inaugural eSports and gaming tournaments in 2020, with plans for more in the pipeline. Additionally, private platforms like Kafu Games have been hosting tournaments, attracting both local and international players. The demand for eSports tournaments is escalating as the number of gamers continues to grow. According to a survey, approximately 67% of Saudi Arabia's total population, or over 23 million people, identified as gaming enthusiasts in 2020. Furthermore, the kingdom boasts exceptional talent in the gaming world, including renowned players like Musaed 'Msdossary' Al Dossary. This increasing popularity of gaming and the surge in gaming tournaments are significant drivers of the market's growth.

Digital Revolution Fuels Online Gaming

Saudi Arabia's rapid internet penetration, which has surged from 54% in 2012 to a staggering 98% in 2022, has been a key catalyst for online gaming growth. The continuously declining prices of telecom services, coupled with advanced infrastructure development, have led to widespread internet usage. The country has over 34.8 million internet users, representing nearly 98% of its population, according to the International Telecommunication Union. The rising number of smartphone users, driven by increasing disposable incomes, is also propelling internet accessibility.

Saudi Arabia's youth, in particular, is driving the demand for smartphones as entertainment devices, further boosting the online gaming market. With innovations and technological advancements in both hardware and software, smartphones have become increasingly popular among the younger generation. Currently, approximately 24 million people in Saudi Arabia own smartphones, a figure expected to grow to 30 million by 2025. As internet and smartphone usage surges, the online gaming market is set to thrive in tandem.

Challenges and Opportunities

Despite its rapid growth, the gaming and eSports industry in Saudi Arabia faces societal and structural barriers, including social stigmas and limited access to resources for gamers and video game enthusiasts. The government has been making investments in programming classes and tournaments, but there remains a shortage of local competition. Additionally, the absence of substantial state funding for full-time gaming careers hampers the industry's growth. Social stigma surrounding professional gaming as an unconventional career choice further exacerbates these challenges. Video games have also been associated with negative perceptions, including violence, addiction, stress, and depression, which can deter potential gamers. However, the industry is poised for further expansion due to favorable government initiatives for economic diversification and substantial investments in gaming and eSports.

Government's Commitment to Gaming Industry

Saudi Arabia's Ministry of Information and Communications Technology has launched the Game Changers program in collaboration with DigiPen, a game design academy. This program aims to provide unique career pathways for entrepreneurs in the gaming sector and boost the number of independent game startups. These initiatives complement previous investments in video game companies, such as the Saudi Crown Prince's Misk Foundation's investment in SNK, a Japanese video game publisher.

The Public Investment Fund (PIF) of Saudi Arabia has also entered the gaming industry, emphasizing its growing significance for the kingdom. The PIF recently launched the Savvy Gaming Group, with a vision to foster the growth and diversification of the country's economy. Through its initiatives, the Savvy Games Group plans to invest SAR 142 billion in Saudi Arabia's gaming industry by 2030. Notably, the group has acquired FACEIT, a British eSports platform, and ESL Gaming, a German eSports organizer and game-producing company.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Gaming Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Gaming Market

Chapter 4. Saudi Arabia Gaming Market by Age Group

4.1. Child

4.2. Adult

Chapter 5. Saudi Arabia Gaming Market by Gaming Mode

5.1. Offline

5.2. Online

Chapter 6. Saudi Arabia Gaming Market by Platform Type

6.1. Mobile and Tablets

6.2. PC and Laptop

6.3. Console

Chapter 7. Saudi Arabia Gaming Market by Revenue Stream

7.1. Game

7.2. Sponsorship

7.3. In-game Purchase

7.4. Advertising

Chapter 8. Company Profiles

8.1 Electronic Arts Inc.

8.1.1 Overview

8.1.2 Company Snapshot

8.1.3 Product Portfolio

8.1.4 Recent Development

8.2 Sony Middle East and Africa FZE

8.2.1 Overview

8.2.2 Company Snapshot

8.2.3 Product Portfolio

8.3 Microsoft Arabia

8.3.1 Overview

8.3.2 Company Snapshot

8.3.3 Product Portfolio

8.3.4 Recent Developments

8.4 Nintendo

8.4.1 Overview

8.4.2 Company Snapshot

8.4.3 Product Portfolio

8.4.4 Recent Development

8.5 KAFU

8.5.1 Overview

8.5.2 Company Snapshot

8.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia Gaming.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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