China Gaming Market:
Growth opportunities in the China gaming market look promising over the next six years. This is mainly due to the increasing adoption of mobile devices and the internet, the rising monopoly of Chinese players, and the growing strategic initiatives by the government to support the adoption of online games.
China Gaming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The factors responsible for changing China’s gaming market prospects include the rising popularity of the internet and mobile devices along with their augmenting adoption. The “Ministry of Economy and Industry” stated that China accounts for approximately 28 % of the worldwide gaming industry. Moreover, the monopoly of two leading players, including Tencent and NetEase, has upgraded the market size in the Chinese Gaming Industry. The extensive product portfolio of NetEase helps them to offer games like warbound storm, marvel super war, extraordinary ones, Onmyoji, the card game, creative destruction, etc. Also, China is one of the most prominent economies throughout the world, which shows the country’s enormous potential. The Chinese government is planning to make Beijing the capital of China and home for more than 19 million people, making it the “International Capital of Online Games” by the end of 2025.
The accelerating penetration of the internet and 5G technology will raise the gaming industry of China. For instance, Chinese telcos are anticipated to use more than 8000 5G outdoor base stations in Shanghai by the end of 2021. This will propel the market growth. However, carelessly designed content may result in undesirable outcomes and obstruct the Chinese gaming market size.
Device Segment Drivers
Based on the device, TV console and handheld are predicted to expand at a faster CAGR over the forecast period. This is mainly attributed to the demanding lifestyle Chinese people coupled with enhanced graphics that offer more visuals on TV and large screens and allows remote and comfortable play for the user. For example, Sony offers portable play stations, which are light in weight and can simultaneously handle multiple applications.
Models Drivers
Based on the models, the P2P segment is projected to lead the market over the forecast period. P2P can be transformed into F2P to play games and is comparatively cost-effective. Also, it offers improved quality and is mainly acquired by the Chinese gaming population. The gaming industry is witnessing a massive increase due to the revenue generated by P2P, which is relatively high in China.
China Gaming Market Segmentation:
Segmentation by Device:
- PC/MMO, and Laptops
- TV/Console and Handheld
- Mobile Phone and Tablet
- Casual Web Games
Segmentation by Type:
- Action Games
- Adventure Games
- Role-Playing Games
- Simulation Games
- Strategy Games
- Sports Games
- Puzzle Games
- Others
Segmentation by Models:
- F2P
- P2P
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com