What Are The Top Online Gaming Nations?
The Largest Global Video Game Markets
Plus, the trends related to video gaming have also recorded impressive growth in the number of players as well as the size of the revenue in recent months. Industry giants like Nintendo, Microsoft, and Twitch, have also reported new record numbers in terms of player investment. As of April 2020, Microsoft had reached the 10 million subscribers milestone in relation to their Xbox Game Pass, which is a special subscription service dedicated to passionate gamers. The company has also discovered a 130% boost in multiplayer engagement during the months of March and April.
Let us dig a little deeper into the global numbers and find out what drives the growth of online gaming worldwide.
China Aims To Become “The Capital of Online Games“ by 2025
At the end of 2019, the government in Beijing, a city with a population of over 20 million, made an announcement that took a lot of people by surprise: the country has plans on becoming the global capital of online games by the year 2025 at the latest. This would be accomplished by setting up rather aggressive revenue targets and by also involving local officials in this very ambitious project.
However, Beijing’s desiderate should not come as a surprise in the context of the entire Asia Pacific region being assessed as soon holding the largest market share, with nations like China, South Korea, and Japan proving their outstanding potential in terms of growth time and time again.
In the spring of 2020, Archiact has made public the fact that it would partner up with Migu, which is a subsidiary of a telecom provider for Archiact’s games, with the intention of creating the pioneer VR games that can be played using Migu’s cloud gaming platform that is based on 5G. The two companies are actually planning on setting the base for 5G Virtual Reality cloud gaming. This would make VR gaming even more affordable and accessible to more gamers in the near future.
The United States Online Games Sector Is Expected To Reach $4,845 Million in 2021
Australia Has Recorded An Important Growth In Interactive & eSports Revenues
Japan Has Over 70 Million Gamers And Going Up
Japan has an impressive gaming market of over 70 million players that are projected to go as high as JPY 1.55 trillion by the year 2024, from JPY 1.4 trillion back in 2017. Mobile or handheld games and home video devices represent a large portion of the market share, with 11.35 million Nintendo Switch units and 7.6 million PS4 units sold by 2020.
South Korea, the UK, Germany, and Canada are other powerful nations with an important online gaming culture worth mentioning here.