Top 6 Countries in the Online Gaming Industry By Market Revenue |
Posted: April 27, 2022 |
Nothing compares to the obvious rise of online gaming in the digital realm across numerous industries today. Its vast audience and exceptional profit growth put other types of entertainment to the test. According to a statistics report by Newzoo — known as the world’s most reliable and quoted source for the gaming sector’s trends and analytics — it was valued $152 billion in 2019 and is expected to grow to $196 billion by 2022. Online gaming’s success is due to a number of causes. There are a variety of game producers, distributors, streaming providers, and other entities. On that basis, we may move on to the more pressing question of where these institutions came from. Here we list down the top six countries that contribute to the industry’s growth. They are ranked from highest to lowest based on market revenue.
Far from what you think, it is an interesting news Japan or the U.S. are not the leading countries with the biggest online gaming industries, but instead China. It appears to have taken over various societal areas, ranging from politics and culture to entertainment. While the special administrative territories of Hong Kong and Macau are known for being gambling havens, the mainland is home to some of the world's top video game firms and the highest number of video gamers. As a result, it has been dubbed the 'Games Industry Capital of the World'. The market for video game consoles has risen tremendously since the national government lifted the prohibition on them in 2015, particularly in PC, web, and mobile gaming. Conglomerates such as Tencent Holdings, Perfect World, NetEase, and Shanda now lead the way. It is a frontrunner in hosting worldwide eSports championships and creating great players, alongside South Korea.
The United States, like China, is a popular gambling destination and a leader in computer, mobile, and console gaming. According to recent trends, 53.1 percent of the population is digital gamers, with a quarter of that watching eSports contests on a monthly basis. However, many of the market's best-selling online video games and top gaming firms are subsidiaries or extensions of Japan's creators and manufacturers (e.g. Sony and Nintendo). Microsoft Corporation, the major American worldwide tech giant responsible for the greatest browsers, operating systems, and video gaming consoles, is another person at the top of the list.
Japan may be behind the United States in terms of revenue, but let's face it: gaming in this nation is a very different beast. It has always been a technological innovator, which is one of the reasons why gaming is more than simply a kind of entertainment. Instead, it is a global culture that transcends national borders, which explains why most of its games are popular worldwide and why, as previously said, it has expanded into other nations. Nintendo, Square Enix, Sega Sammy, Bandai Namco, and Konami are the company's main five gaming conglomerates. Square Enix is the most well-known and closest to online gaming of all of these companies, since it is responsible for some of the world's most popular action-role-playing games, such as Final Fantasy, Kingdom Hearts, and Dragon Quest.
South Korea has a competitive gaming market, which is furthered by the fact that it is best recognized for pioneering the spectacle of esports. While it is only a small part of the broader online gaming industry, it has grown to be a billion-dollar industry. Gravity's Ragnarok Online and NC Soft's Lineage series are two of the country's most popular online games.
Germany has more than 45 million active players, making it Europe's largest video gaming market. In 2018, Russia was the first to do so. Even more intriguing is the fact that the gaming industry moved to this country rather than the other way around. Germany continues to attract worldwide gaming firms due to its supportive government, talented workforce, and cutting-edge IT infrastructure — an interesting news Japan can relate to. Bigpoint Games, Deep Silver, and DTP Entertainment, to mention a few, are now at the helm.
Following China and the United States, the United Kingdom is the third largest economy in the world. boasts some of the most forward-thinking gaming laws. It's no surprise that it's also a prominent developer of video game titles such as Grand Theft Auto, Tomb Raider, and LittleBigPlanet.
|
||||||||||||||||
|