During the most recent couple of years, the Chinese market has become a gigantic open door for game engineers. There are 550 million dynamic cell phones and tablets in the nation, and all of them have at least 5 games installed. The key inquiries to reply, along these lines, are about the players: How do Chinese players contrast with players from the remainder of the world? What do they like to play? How dedicated would they say they are to a game? What type of games do they normally play?
Mostly, what makes china the “games industry capital of the world”?
Over the last decade, the sales revenue of the gaming market in China saw over a ten-fold hike and passed the 230 billion yuan mark in 2019. With its immense popularity, mobile games became the key industry driver. In 2017, about 96 per cent of the new games launched in china were mobile games.
Today, the video game market is dominated by the Tencent Games division of Tencent Holdings, which is estimated to contribute to 46% of the overall revenue in China, and nearly 10% of the global video game market as of 2017, making it the largest video game company in the world.
The global video games market is forecast to cross the US$100-billion mark this year, driven by the huge appetite for online and mobile content of mainland China’s more than half-a-billion gamers.
GAMING AND ECONOMY
With nearly 620 million players who spent over $37 billion on mobile and PC games in 2018, China currently boasts the world’s largest gaming market. To put that in perspective, the number of Chinese people who played video games last year was almost twice the size of the U.S. population.
While China is set to lose the crown of the world’s biggest gaming business sector to the U.S. in 2019, the business’ development in the previous ten years is out and out incredible. Somewhere in the range of 2008 and 2018, China’s gaming market encountered a more-than-ten times increment in income, ascending from $2.7 billion to an incredible $37.9 billion, which represented around 28 per cent of the worldwide market and a large portion of the worldwide versatile market that year.