Saudi Arabia Online Gaming Market is Estimated at a Record USD 229.1 Million by the End of 2030 | Infinium Global Research

Infinium Global Research has added a new report on Saudi Arabia Online Gaming Market. The report covers the analysis of regional markets of Saudi Arabia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Saudi Arabia online gaming market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Saudi Arabia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Saudi Arabia online gaming market was valued at USD 122.1 Million in 2022 and is expected to reach USD 229.1 Million by 2030 and grow at a CAGR of 9.41% over the forecast period.

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Digital Transformation Fuels Online Gaming

With over 34.8 million people having internet access in Saudi Arabia in 2022, representing approximately 98% of the country's population, the digital landscape is flourishing. The nation's internet penetration has been on an upward trajectory since 2012, driven by infrastructure development and increasingly affordable telecom services. Additionally, Saudi Arabia boasts over 41 million cellular mobile connections, exceeding the total population, indicating a significant presence of multiple mobile connections. This mobile prevalence has further contributed to the proliferation of internet and smartphone usage, creating a favorable environment for the growth of the Saudi Arabia online gaming market.

The Rise of Esports

Esports, or competitive video gaming, has gained immense popularity in Saudi Arabia, particularly among the younger generation. In 2020, over 23 million individuals in Saudi Arabia identified as gaming enthusiasts, constituting approximately 67% of the total population. Astonishingly, more than 21 million of these gaming enthusiasts also participate in esports at semi-pro or amateur levels, demonstrating the nation's strong affinity for competitive gaming.

Saudi Arabia has actively promoted esports through various events and tournaments, including the Saudi Arabia eLeague, featuring titles such as Dota 2, Overwatch, Rainbow Six Siege, CS: GO, and Rocket League. The kingdom has also produced renowned esports talents like Musaed 'Msdossary' Al Dossary, who have further fueled interest in gaming. The growing popularity of esports events and professional players has led to an increased demand for online games, driving the expansion of the Saudi Arabia online gaming market.

Challenges and Perceptions

While the online gaming industry in Saudi Arabia is flourishing, it is not without its challenges. Negative perceptions surrounding video games, including concerns about violence, addiction, stress, and depression, persist among the population. Research studies have highlighted video game addiction and its association with higher levels of perceived stress among adolescents in Saudi Arabia, discouraging some parents from allowing their children to engage in gaming activities. This negative perception acts as a constraint on the growth of the Saudi Arabia online gaming market.

Government Investment Drives Growth

The Saudi Arabian government, in line with its Vision 2030 program, is making substantial investments in diversifying its economy beyond oil. The entertainment sector, including gaming, plays a crucial role in this diversification strategy. The government has injected USD 3 billion into shares of prominent game companies such as Electronic Arts, Activision Blizzard, and Take-Two Interactive Software. Additionally, the billion-dollar initiative, Ignite, aims to fund new game development and gaming infrastructure, while the establishment of the Savvy Gaming Group, which acquired ESL Gaming and FACEIT, further solidifies the government's commitment to the industry.

The growing investment and initiatives underscore the government's aspiration to position Saudi Arabia as a leading digital entertainment hub, and this strategic focus is poised to significantly boost the Saudi Arabia online gaming market in the coming years.

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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 Online Gaming Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Online Gaming Market

Chapter 4. Saudi Arabia Online Gaming Market by Age Group

4.1. Child

4.2. Adult

Chapter 5. Saudi Arabia Online Gaming Market by Type

5.1. Cloud

5.2. Downloaded

Chapter 6. Saudi Arabia Online Gaming Market by Platform Type

6.1. Mobile and Tablets

6.2. PC and Laptop

6.3. Console

Chapter 7. Saudi Arabia Online Gaming Market by Revenue Stream

7.1. Game

7.2. Sponsorship

7.3. In-game Purchase

7.4. Advertising

7.5. Subscription

Chapter 8. Company Profiles

7.1 Zain Group

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Product Portfolio

7.1.4 Recent Developments

7.2 NVIDIA Corp

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Product Portfolio

7.3 Electronic Arts Inc.

7.3.1 Overview

7.3.2 Company Snapshot

7.3.3 Product Portfolio

7.4 Sony Middle East and Africa FZE

7.4.1 Overview

7.4.2 Company Snapshot

7.4.3 Product Portfolio

7.5 Microsoft Arabia

7.5.1 Overview

7.5.2 Company Snapshot

7.5.3 Product Portfolio

7.5.4 Recent Developments

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Reasons to Buy this Report:

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

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> 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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