A new report published in the gaming industry reveals that the Asia-Pacific region contributes to more than half of the global gaming revenue. Further, it highlights that with over 2.7 billion gamers worldwide, revenues are expected to reach $179.7 billion by 2024. The report shows that the Asia-Pacific region accounts for 51% of the global gaming revenue, with China alone contributing $40.9 billion. Additionally, the report emphasizes the increasing popularity of mobile gaming, especially in the Asia-Pacific region, where most gamers use their mobile phones to play games. The COVID-19 pandemic has further fueled the industry.
Gaming Goes Global: Report Shows Asia-Pacific Region Accounts for Over Half of Gaming Revenue.
According to a new report released by the gaming industry, the Asia-Pacific region accounts for more than half of the global gaming revenue. The report highlights the growing global influence of the gaming industry, with more than 2.7 billion gamers worldwide and revenues expected to reach $179.7 billion by 2024.
The Asia-Pacific Region Dominates Gaming Revenue
The report shows that the Asia-Pacific region accounts for 51% of the global gaming revenue, with China alone contributing $40.9 billion. Other large contributors to the region’s gaming revenue include Japan, South Korea, and Southeast Asian countries like Indonesia and Thailand.
Mobile Gaming Continues to Grow
The report also highlights the growing popularity of mobile gaming, which accounts for 48% of the global gaming revenue. This trend is particularly prominent in the Asia-Pacific region, where the majority of gamers use their mobile phones to play games.
The Impact of COVID-19
The COVID-19 pandemic has had a significant impact on the gaming industry, with more people turning to gaming as a way to pass the time while staying at home. The report shows that the pandemic has led to increased revenue for the gaming industry, as well as increased engagement and usage of gaming platforms.
The Future of Gaming
The report predicts continued growth for the gaming industry, with revenues expected to reach $179.7 billion by 2024. This growth will be driven by the increasing availability of technology and the growing popularity of mobile gaming.
Overall, the report highlights the growing global influence of the gaming industry, particularly in the Asia-Pacific region. As the industry continues to evolve and expand, it is likely to have an even greater impact on the global economy and culture.