Future Of Gaming Industry In China upto 2023



The China digital gaming market is fundamentally different from other digital gaming markets, particularly those of the western countries. Game censorship in China is extremely stringent, and regulatory bodies often ban the licenses of video games that are deemed inappropriate for the cultural development of young gamers. Despite such limitations, China has become one of the largest digital gaming markets in the world, and has grown exponentially in the past few years due to the popularity of mobile games and eSports in the country.




According to Research on Global Markets, 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.

The China digital gaming market is classified into three segments – based on platforms (PC games, console games, and mobile games), revenue models (freemium, pay-to-play, and advertising), and game genres (shooter, role-playing, arena fighting, and others [sports, adventure, strategy, etc.

Platform Segment Insights:
China is a mobile-first country and has the world’s largest mobile subscriber base. The 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. The mobile gaming segment is anticipated to expand at a CAGR of 20.6% through the forecasted period (2018-2023)

Revenue Models Segment Insights:
Chinese gamers categorically demand free-to-play games and make limited in-app purchases. Therefore, the China digital gaming space is dominated by the freemium or free-to-play model. This segment is projected to expand at a CAGR of 15.5% during 2018-2023.

Companies covered:
Tencent
Netease
Kongzhong
Shanda Games
37 Interactive Entertainment

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