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China Digital Gaming Market to Expand at 15.4% CAGR Till 2023

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Andrew Thomas
China Digital Gaming Market to Expand at 15.4% CAGR Till 2023

A report published by Research on Global Markets titled "China Digital Gaming Market (2018–2023)" studies the performance of the digital gaming market in China over a five year assessment period from 2018 to 2023. The report presents the value forecast of the China digital gaming market and provides key insights into the factors driving market growth as well as the factors restricting market growth. According to the Research On Global Markets analysts, the China digital gaming market is expected to expand at a compound annual growth rate (CAGR) of 15.4% during the 2018-2023 period, and will reach a revenue of USD 83.79 Bn by 2023.

China Digital Gaming Market – Segment insights

The report published by Research On Global Markets features comprehensive analysis of the China digital gaming market based on platform, revenue model and game genre. Based on platform, mobile gaming segment is anticipated to expand at a CAGR of 20.6% through the forecasted period, and occupy a market share of approximately 74% by 2023. With the lifting of the 14-year ban on console games, China is expected to witness a significant boost in its console gaming segment, which is expected to grow at a double-digit CAGR during the forecast period.

In terms of revenue model, Chinese gamers typically demand free-to-play games and make limited in-app purchases. Therefore, the market is dominated by the freemium or free-to-play model, which is projected to expand at a CAGR of 15.5% during 2018-2023. Based on game genres, role playing games held the largest market share (40%), owing to their significant availability across all platforms. However, the arena fighting segment is taking giant strides in recent times and is expected to witness almost 33.7% CAGR during the forecast period.

China Digital Gaming Market - Market Insights

The market research report attributes the positive outlook on the China digital gaming market to the fact that the country possesses the largest mobile subscriber base. Being a mobile-first country, average mobile user owns an affordable handset, which allows him/her to play games on the go. With the increasing availability of reasonably priced yet high-performance smartphones, mainly from home-based brands like Xiomi, Oppo, and Vivo, there is high growth potential for China’s mobile gaming market.

Research on Global Markets tracks the performance of some of the major players operating in the China digital gaming market including Tencent, Netease, Kongzhong, Shanda Games, and 37 Interactive Entertainment, among others.

Some of the key topics covered in this report are:

• Overview of the China digital gaming market
• Revenue based on segments (2018) USD Bn)
• Historical market revenue (2015-2017) (USD Bn)
• Forecasted market revenue (2018-2023) (USD Bn)
• Qualitative analysis of the major drivers and challenges affecting the market
• Analysis of the competitive landscape and profiles of major players operating in the market
• Key recent developments associated with the digital gaming market in China

For more information, download China Digital Gaming Market: https://www.researchonglobalmarkets.com/china-digital-gaming-market-2018-2023.html

About Research On Global Markets:
Owned by Netscribes, Research On Global Markets draws from the company’s vast experience in market research and intelligence. For any queries related to our products and services, feel free to get in touch with us at [email protected].
 
Contact Us:
Ankita Basu
Research On Global Markets
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New York
NY
10003
USA
US Toll-Free: 18888313350
M: + 919903154956
Email: [email protected]
Website: https://www.researchonglobalmarkets.com

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