China Online Gaming Market

China Online Gaming Market, Size, Share Growth | Forecast (2023 – 2028) | Renub Research

An analysis of the China Online Gaming Market Share by Renub Research, titled “China Online Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers thorough market share insights. The report also includes analysis of the competitors, niches, and recent developments in China Online Gaming Market.

China Online Gaming Market Share is anticipated to expand at a CAGR of 8.45% by 2027. In recent years, the increase of China online gaming market has been out of the ordinary, making it a global gaming powerhouse, pushed via its vast population, mainly the younger demographic, who have embraced gaming as a cultural phenomenon. The rising middle class, with increased disposable income, has in addition fuelled the China online gaming industry’s expansion, as gamers invest in virtual objects and premium subscriptions, cementing China’s global online gaming growth.

Furthermore, mobile gaming has revolutionized the online game industry in China with its tremendous adoption, driven by the accessibility of smartphones and low-cost data plans. Games like “Honor of Kings” (also called “Arena of Valor”) and “PUBG Mobile” have attracted thousands and thousands of players, extensively expanding the online gaming market. Likewise, China has emerged as a global leader in esports, proposing a passionate fan base and a thriving competitive scene, with esports tournaments drawing large audiences and investments. Streaming systems inclusive of Douyu and Huya have capitalized in this trend, presenting live broadcasts of professional gaming competitions, and engaging with an intensive viewer base. Thus, China Online Gaming Market is projected to value around US$ 90.52 Billion by 2027.

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Also, the Chinese authorities has a vested interest in nurturing the increase of the online game industry while ensuring that it aligns with cultural and political values. Regulatory measures are in place to promote responsible gaming, protect minors from immoderate gaming, and ensure that games adhere to Chinese cultural norms. This delicate balance among support and regulation helps preserve a wholesome gaming surroundings, safeguarding both consumers and the enterprise’s integrity while taking into consideration continued growth and innovation in the China online gaming market.

Mobile gaming has witnessed sustained growth in the China online gaming market share.

The widespread adoption of smartphones, coupled with the supply of affordable mobile data plans, has made gaming handy to a vast customer base. Developers have capitalized on this trend by creating a diverse range of mobile video games, appealing to distinct demographics and pursuits. Furthermore, the social nature of mobile gaming, with functions like multiplayer modes and in-game chat, fosters engagement and encourages longer play periods, contributing to the continuous enlargement of the mobile gaming sector in the China online game industry.

Males are expected to dominate in the forecast period in the China online gaming market due to historical preferences and established gaming habits.

Traditionally, men have proven a higher interest in gaming, and this trend will possibly continue the online gaming growth. Moreover, the online game industry continues to launch titles and genres that predominantly appeal to male players. While the gender gap in gaming is narrowing, with more woman game enthusiasts becoming a member of the community, men are nonetheless projected to maintain an enormous presence in the China online game industry.

The 18-24 age group continues to lead in the China online gaming market because of their high levels of enthusiasm, disposable income, and extensive free time.

Young adults on the 18-24 age bracket are avid game enthusiasts, with a strong appetite for numerous gaming experiences, propelling the online gaming market share in China. They are more likely to invest time and money in online video games, making them an essential demographic for game developers and publishers. Their tech-savvy nature and energetic participation in online groups also solidify their position as the pinnacle section in the China online game industry.

Competitive Landscape.

Tencent, NetEase, Perfect World Entertainment, 37 Interactive Entertainment, King Net Network, Yoozoo Interactive, Net Dragon, and Zhejiang Century Huatong are important participants in the China Online Gaming Market.

Market Summary.

Category – The Report covers China Online Gaming Market, by category in three viewpoints (Mobile Game, Client Gaming, and Web Gaming)
User – China Online Gaming Market breakup by user in two viewpoints (Male and Female).
Age Group – Renub Research report covers the China Online Gaming Market by age-group in 5 viewpoints (18-24 years, 25-34 years, 35-44 years, 45-54 years, and 55-64 years).
Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King Net Network, Yoozoo Interactive, and Perfect World Entertainment.

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Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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The Thriving China Online Gaming Market: Trends and Insights | Renub Research

China’s online gaming market has witnessed unprecedented growth in recent years, positioning itself as a global leader in the gaming industry. With a vast population, increasing internet penetration, and a rising middle class, China has become a lucrative market for both domestic and international game developers. In this guest blog, we will delve into the dynamics of the China online gaming market and highlight key trends and insights revealed by Renub Research.

Massive Market Size and Growing User Base:

China boasts the largest online gaming market in the world, with a staggering number of gamers. According to Renub Research, the total number of online gamers in China exceeded 720 million in 2021, indicating the immense potential and widespread popularity of the industry. This vast user base presents an attractive opportunity for game developers and publishers to tap into a highly engaged and passionate audience.

Mobile Gaming Dominance:

Mobile gaming has emerged as the dominant force in the China online gaming market. The widespread availability of affordable smartphones and the convenience they offer have contributed to the rapid growth of mobile gaming in the country. Renub Research reports that mobile gaming accounted for more than 70% of the total gaming revenue in China in 2021. This trend highlights the importance of optimizing games for mobile platforms and underscores the potential for continued growth in this sector.

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Esports and Competitive Gaming:

Esports, or competitive gaming, has experienced explosive growth in China. The country has developed a robust ecosystem for esports, including professional leagues, tournaments, and a dedicated fan base. Renub Research reveals that China’s esports market generated billions of dollars in revenue in 2021. With a large population of passionate gamers, China has become a hub for esports events and a breeding ground for talented players. This presents an exciting opportunity for companies involved in esports infrastructure, game streaming platforms, and sponsorship deals.

Government Regulations and Market Opportunities:

The Chinese government plays a significant role in regulating the online gaming market. In recent years, authorities have implemented various measures to control game content, limit playtime for minors, and address concerns related to gaming addiction. While these regulations can pose challenges for game developers, they also create opportunities for companies that align with the government’s goals and comply with the established guidelines. Renub Research emphasizes the importance of understanding the regulatory landscape and adapting strategies accordingly to succeed in the China online gaming market.

Monetization Models and Revenue Streams:

The monetization models in China’s online gaming market have evolved over time. Initially, the industry relied heavily on the sale of physical game copies. However, with the rise of online and mobile gaming, revenue streams have diversified. In-app purchases, subscriptions, advertising, and virtual item sales now contribute significantly to the industry’s revenue. Renub Research highlights the importance of understanding the preferences and spending habits of Chinese gamers to effectively monetize games and maximize revenue potential.

Conclusion:

China’s online gaming market continues to thrive, driven by a massive user base, the dominance of mobile gaming, the popularity of esports, and evolving monetization models. As the world’s largest gaming market, it presents immense opportunities for domestic and international game developers alike. To succeed in this competitive landscape, companies need to stay abreast of market trends, understand government regulations, and tailor their strategies to meet the unique preferences and behaviors of Chinese gamers. With its vast potential and dynamic nature, the China online gaming market is set to continue its remarkable growth trajectory.

Note: This guest blog is based on insights and research conducted by Renub Research. For more detailed information and in-depth analysis of the China online gaming market, please refer to Renub Research’s official reports and publications.

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China Online Gaming Market, Size, Share Growth | Forecast (2023 – 2028) | Renub Research

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-online-gaming-market-p.php

Mobile gaming has witnessed sustained growth in the China online gaming market share.

Males are expected to dominate in the forecast period in the China online gaming market due to historical preferences and established gaming habits.

The 18-24 age group continues to lead in the China online gaming market because of their high levels of enthusiasm, disposable income, and extensive free time.

Competitive Landscape.

Market Summary.

Category – The Report covers China Online Gaming Market, by category in three viewpoints (Mobile Game, Client Gaming, and Web Gaming)
User – China Online Gaming Market breakup by user in two viewpoints (Male and Female).
Age Group – Renub Research report covers the China Online Gaming Market by age-group in 5 viewpoints (18-24 years, 25-34 years, 35-44 years, 45-54 years, and 55-64 years).
Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King Net Network, Yoozoo Interactive, and Perfect World Entertainment.

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“Elevating Style: The Intersection of Esports and Fashion in Gaming”

In recent years, the world of gaming has undergone a transformative evolution, moving beyond being just a leisure activity and morphing into a cultural phenomenon. Esports, or competitive video gaming, has become a global sensation, attracting millions of players and viewers alike. Alongside this rise in popularity, a unique and influential facet has emerged – the intersection of esports and fashion. In this article, we will delve into how esports and fashion are intertwining, influencing one another and shaping a distinct subculture within the gaming community.

The Evolution of Esports: A Cultural Shift

Esports has witnessed a significant evolution over the last decade. What was once confined to small gatherings and local tournaments has now become a multi-billion-dollar industry with a massive following. Injustice 2 Harley Quinn Leather Jacket Esports tournaments are filling arenas, attracting sponsorships from major companies, and garnering viewership that rivals traditional sports. With this growth, esports has extended its reach beyond the gaming community, penetrating mainstream culture.

The Rise of Esports Fashion

The integration of esports into popular culture has given rise to a new wave of fashion that is heavily influenced by gaming. Esports athletes, also known as professional gamers, have become style icons in their own right. These players are often seen sporting distinctive and fashionable apparel, including jackets, both on and off the gaming stage. This has led to a surge in esports-inspired fashion and has given birth to collaborations between gaming organizations, professional players, and fashion brands.

Esports and Streetwear Collaborations

Collaborations between esports organizations and streetwear brands have become a defining trend. Esports teams are partnering with renowned streetwear labels to create limited-edition apparel collections. These collections often feature specially designed jackets that incorporate team logos, gaming themes, and the essence of the gaming culture. Anime DMC Biker Leather Jacket Such collaborations not only promote the teams but also allow fans to showcase their support in style.

Athleisure and Esports: A Perfect Match

The athleisure trend, which seamlessly blends athletic wear with casual fashion, has found a perfect match in esports. Athleisure jackets have gained popularity among both gamers and enthusiasts, serving as a comfortable and stylish choice for everyday wear. These jackets often bear gaming-related graphics, team logos, or references to popular gaming franchises, allowing wearers to express their passion for gaming in a fashionable way.

Gaming Merchandise: Beyond Traditional Jerseys

Gone are the days when gaming merchandise was limited to jerseys and T-shirts. The market now offers a wide range of gaming-inspired jackets that cater to different tastes and styles. From sleek and minimalistic designs to bold and vibrant graphics, these jackets provide fans with diverse options to represent their favorite games and teams.

The Influence of Gaming Characters

Iconic characters from popular video games have also played a significant role in inspiring gaming fashion. Characters like Mario, Link, Lara Croft, and many others have become fashion symbols, influencing jacket designs and overall gaming fashion. Jackets inspired by these characters allow fans to embody the spirit of their beloved games.

The Impact of Streaming Platforms

Streaming platforms like Twitch and YouTube Gaming have revolutionized the way we consume gaming content. Influential streamers and content creators have a massive reach and impact on their audience, including their fashion choices. Viewers often emulate the style of their favorite streamers, leading to the adoption of gaming-inspired jackets and apparel.

The Future of Esports Fashion

The fusion of esports and fashion is continually evolving, and the future holds even more promise. As esports continues to grow and diversify, we can expect to see a broader range of fashion options catering to various gaming communities. Esports athletes and content creators are likely to play an increasingly significant role in shaping fashion trends, and collaborations with fashion brands will become more common.

In conclusion, the convergence of esports and fashion represents a dynamic cultural shift, wherein gaming is not only about playing but also about identity and style. Esports has become a catalyst for creativity and innovation in the fashion world, and this trend is poised to redefine how we perceive and embrace both gaming and fashion in the years to come. The future of esports fashion is bright, and it’s a thrilling journey to witness and be a part of this exciting intersection.

China Online Gaming Market, Size, Share Growth | Forecast (2023 – 2028) | Renub Research

India Payment Market size is envisioned to attain US$ 8,137.3 Billion by 2028. The virtual fee panorama in India has passed through an enormous transformation, indicating the profound effect it will have on the populace. This shift signifies that a majority of Indians in 2022 belong to a technology that is tremendously talented or exposed to era. Tech-savvy generation has a greater reliance on superior, automated, quicker, and extra efficient technology and offerings. Consequently, there may be a rapid growth inside the demand for India payment marketplace within the coming years. India, as the arena’s biggest digitally linked democracy, proudly showcases a superb parent of 692 million Indians who have get admission to the internet. One can have a look at the results of digitalization by means of noting the coexistence of traditional digital bills alongside coins payments in a balanced way. During the Digital Payments Awareness Week 2023 (DPAW), the Governor of the Reserve Bank of India (RBI) in March 2023 delivered the “Har Payment Digital” initiative with the slogan “Digital Payment Apnao; Auron ko Bhi Sikhao”.

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As digital technologies keep strengthening, together with Artificial Intelligence (AI), Machine Learning (ML), Data Sciences, and blockchain, India fee industry is experiencing a transformative period characterized by using diversification, enhancement, and unprecedented increase. PayTech startups are playing a pivotal role in driving the transformation of the Indian charge panorama, leveraging the countryrole as one of the world’s largest startup ecosystems. Keeping track of winning tendencies inside the India charge industry is crucial to knowledge the trajectory of fee systems in 2023. The great increase in the adoption of virtual payments in India may be attributed to the success implementation of a sturdy payments infrastructure within the country.

Digital transactions are revolutionizing India’s economic system, bringing approximately transformative adjustments in various sectors.

India digital panorama has passed through giant growth, propelled via a confluence of things which include government tasks, expanding internet and smartphone usage, and the surge in e-trade. The Indian government has actively championed digital technologies thru flagship applications consisting of Digital India, Make in India, and Startup India, geared toward bolstering digitalization across sectors like healthcare, schooling, and agriculture, while fostering a surroundings conducive to the success of startups.

India has witnessed an extremely good surge within the adoption of fee methods. This surge may be attributed to the growing penetration of smartphones, sizeable internet connectivity, and government initiatives promoting a cashless economic system.

Over the route of the beyond 9 years, the quantity of virtual transactions in India has witnessed an amazing surge, rising from 127 Crore in 2013-14 to an amazing 12,735 Crore transactions in 2022-23 (as of March 23, 2022). This exponential increase represents a growth of over one hundred instances. Notably, the Unified Payments Interface (UPI) has emerged as the favoured fee method among residents, with an excellent 886.Three Crore virtual fee transactions recorded in April 2023. The overall fee of those transactions amounted to Rs. 14.15 lakh Crore, as pronounced through the Press Information Bureau (PIB) of India.

Looking in advance, there are several traits with a view to shape the destiny growth of India mobile payment market. For instance, the inclusion of credit score playing cards at the UPI platform has the ability to seriously growth transaction sizes for P2M (Person to Merchant) transactions, building on the exponential increase located in the course of the submit-pandemic duration.

India stands at the brink of a virtual revolution, offering first rate possibilities to form its digital price future.

An important milestone in India’s adventure towards a digital financial system is the government’s dedication to selling digital transactions through diverse channels like UPI, USSD, Aadhar Pay, IMPS, and debit playing cards. This strategic push indicates a essential jump toward decreasing dependence on coins transactions and fostering the giant adoption of digital charge methods. With the speedy proliferation of smartphones and progressed net connectivity, mobile wallets, UPI, and card bills have received prominence as the move-to alternatives for virtual transactions in India digital payment market share.

Despite the development made, a tremendous portion of the populace nevertheless is based on cash-primarily based transactions. To deal with this, the authority’s ambitions to incentivize merchants to include virtual price answers. Measures together with subsidies for point-of-sale terminals and tax incentives for companies embracing virtual transactions will fuel the kingdom’s transition toward a cashless society, augmenting economic inclusion efforts.

The developing adoption of smartphones and net get admission to has paved the way for extra accessibility to digital payment services amongst a broader populace. The government, in collaboration with initiatives like the Unified Payments Interface (UPI) and the Bharat Interface for Money (BHIM) app, objectives to simplify and sell digital transactions, leading to a “Faceless, Paperless, Cashless” society. This complete imaginative and prescient seeks to encourage digital payments across all segments of society.

India’s price panorama holds wonderful promise, pushed via the transformative strength of virtual price technology. Financial inclusion, consumer enjoys, and innovation is the important thing propellers shaping the future of payment market within the India. Leveraging generation, the government and monetary establishments are providing less expensive and consumer-pleasant economic services, with a special cognizance on accomplishing the unbanked population in rural areas. Notable tasks like Jan Dhan Yojana, Aadhaar, and cellular payments have made superb strides in integrating greater people into the formal financial gadget.

While UPI presently dominates the India fee space, the Renub Research file recognizes the continued importance of credit score cards, which might be experiencing robust increase. Both debit and credit playing cards remain popular alternatives for retail digital bills along UPI. However, a shift in dominance is anticipated in the destiny, with credit score card transactions anticipated to surpass debit card transactions, reflecting evolving patron alternatives and behaviours.

Digital Payment Modes – India Payment Market, Volume & Revenues breakup from 7 viewpoints

1. UPI

a) Transaction Value

b) Transaction Volume

c) Revenue

2. NETC

a) Transaction Value

b) Transaction Volume

c) Revenue

3. Bharat Bill Pay System (BBPS)

3.1 Transaction Value

3.2 Transaction Volume

3.3 Revenue

3.4 Existing Business Categories

3.5 New Business Categories

3.6 Categories Share in Transaction Volume

3.7 Channel Wise Split (Transaction Value)

4. Cross-Border Remittances

a) Inflow

b) Outflow

c) Revenue

5. Cards

5.1 Credit Card Transactions

5.1.1 Transaction Value

5.1.2 Transaction Volume

5.2 Debit Card Transactions

5.2.1 Transaction Value

5.2.2 Transaction Volume

5.3 Revenue (Credit Card and Debit Card)

5.4 ATM Transactions

5.4.1 Transaction Value

5.4.2 Transaction Volume

5.4.3 Revenue

5.5 Merchant Acquiring Revenue

5.6 VAS Revenue

6. AePs

a) Transaction Value

b) Transaction Volume

c) Revenue

7. Prepaid Payment Instruments

a) Transaction Value

b) Transaction Volume

c) Revenue

Key gamers

Prominent gamers in India’s payments marketplace encompass PayTm, Mobikwik, Phonepe Pvt Ltd, Amazon Pay, and Google Pay. These businesses have installed themselves as key gamers in the Indian digital charge panorama, imparting a range of offerings and solutions to cater to the diverse wishes of customers and agencies.

All businesses were protected from 3 viewpoints

• Overviews

• Recent developments

• Revenues

Company Insights

1. PayTM

2. Mobikwik

3. Google Pay

4. Amazon Pay

5. PhonePe

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China Online Gaming Market: Expected to Achieve a Valuation of US$ 90.52 Billion by 2028, Size, Share, Growth | Renub Research

Renub Research has recently released a report named “China Online Gaming Market Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2027,” providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the China Online Gaming Market. The China Online Gaming Market shall expand at a CAGR of 8.45% from 2022 to 2027.China is the ‘Gaming Industry Capital of the World,’ comprising about 25% of the global video game industry. Nearly half of China’s population is gamers, and online games are played using various devices such as video game consoles, personal computers, and mobile devices. In addition, providers offer multiplayer modes, downloadable content and in-game chat for free or through fee or subscription models.

China’s gaming market is highly lucrative, with international companies investing in Chinese gaming vendors or sponsoring professional players’ teams. The growing popularity of eSports is one of the primary reasons for the industry’s growth, with tournaments broadcast online. In addition, Chinese companies are embracing digital transformation to enhance production efficiency, as seen with Tencent Games’ announcement of seven projects. Furthermore, the adoption of mini-games within mobile apps like WeChat is driving growth, and the modernization of cable networks and cloud infrastructure provides abundant resources for gaming services, making it one of China’s fastest-growing sectors for cloud computing.

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However, the China online gaming market suffers from concerns over gaming addiction, regulation, and censorship of certain games by the government, and the rise of counterfeit and pirated games, which can lead to revenue loss for legitimate gaming companies.

Continuous growth of mobile gaming remains a critical factor in boosting the China online gaming market

Mobile gaming has been the main growth driver in the China online gaming market, as more users access games through their smartphones and tablets. This trend shall continue as mobile devices become more affordable and accessible, with the maximum revenue generated through the rapid increase in China’s internet access via Wi-Fi and the widespread adoption of 4G and 5G. In addition, the market has seen higher growth among the age ranges of 13-20 years, and turning mobile devices into powerful gaming platforms has significantly driven the market.

Category- China’s Online Gaming Market breakup into three types;

1. Mobile Gaming

2. Client Gaming

3. Web Gaming

During the forecast period, males will dominate the China online gaming market

The sovereignty of males in China’s online gaming market is because of factors such as the historical perception of gaming as a male-dominated activity, marketing strategies of popular games towards male audiences such as multiplayer online battle arena (MOBA) games and first-person shooter (FPS) games, and cultural and societal factors in China that put pressure on men to engage in competitive activities and women to focus on academics add to their growth in China online gaming market. Nevertheless, the gender imbalance is decreasing due to increasing interest among women in gaming and game developers creating more inclusive content.

User- China’s Online Gaming Market breaks up into two types;

1. Male

2. Female

Young age group has ascendancy in China’s online gaming market due to increased Internet accessibility and smartphone usage

Younger generations are more likely to be tech-savvy and have grown up with technology, making them more comfortable using digital platforms for entertainment. Additionally, the increasing accessibility and affordability of the Internet and smartphones have made it easier for young people to access online games. Furthermore, younger age groups may have more free time and disposable income, which they can use to spend on gaming. Finally, the popularity of social media and the ability to connect with friends and strangers through online gaming may also be contributing factors to the young age group’s involvement in the China online gaming market.

Age Group- China’s Online Gaming Market breaks up into five types;

1. 18-24 years

2. 25-34 years

3. 35-44 years

4. 45-54 years

5. 55-64 years

Competitive Landscape

NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King Net Network, Yoozoo Interactive, and Perfect World Entertainment are significant players in the China Online Gaming Market.