Saudi Arabia Online Gaming Market Insights:
The Saudi Arabia Online Gaming Market is projected to grow at around 7.85% CAGR during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the increasing number of affordable internet plans, easy access to online games, and large-scale development of unique multiplayer games, such as PUBG (PlayerUnknown's Battlegrounds), etc.
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Saudi Arabia Online Gaming Market Definition:
Online Games are virtually-integrated video games on PCs, mobile phones, gaming consoles, etc., played over the internet. Rising internet penetration in the country and imposition of nationwide lockdown during 2020 are the key factors contributing to the increased demand for online games. Furthermore, burgeoning government support for gamers in line with Saudi Vision 2030 to help boost the online gaming industry as a key contributor to the nation’s economy is another crucial aspect driving the demand for online games.
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Key Driver: Several Government Initiatives to boost 5G infrastructure in Saudi Arabia
The Kingdom of Saudi Arabia has the highest penetration of Internet users gamers, making it the 19th largest online gaming market worldwide. With the increasing number of online gamers in the country, there exists a need to have a stable internet connection to minimize breakouts in gaming since the online gaming industry is slowly becoming one of Saudi Arabia’s prominent revenue generators. Moreover, technology, media, telecommunications are the key pillars strengthening the objectives of Saudi Vision 2030.
Saudi Arabia Online Gaming Market Segmentation:
-By Platform Type
- Gaming Console
- Smart Phone/ Tablet
- Virtual Reality
- PC
- Streaming
- Others (Television, Web Browser, Arcade, etc.)
-By Game Type
- Sports Games
- Racing Games
- Adventure Action Games
- Strategy Games
- Others (Role-Playing Games, Card Games, etc.)
-By Revenue Model
- Free Online Gaming
- Paid Online Gaming
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Saudi Arabia Online Gaming Leading Companies:
- Sony Corporation
- Microsoft Corporation
- Apple Inc.
- Google LLC (Alphabet Inc.)
- Electronic Arts Inc.
- NetEase Inc. Ltd.
- Tencent Holdings Ltd.
- Nintendo
- Ubisoft Entertainment
- Square Enix Co., Ltd.
- Blizzard Entertainment, Inc.
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