Middle East Gaming Market Analysis and Forecast, 2019-2028 – In-depth Market Report by RationalStat
- Publish Date: April 3, 2023
Guest Author
- Publish Date: April 3, 2023
The report entitled "Gaming Market" assesses the regional market according to the game type, gamer type, device type, and region. A thorough report offers comprehensive historical and projected market size, along with a forecast analysis. The report focuses on the analysis of market share capacity of production by the top players and competition overview, strategic imperatives annual sales figures expansion avenues production overview, and analysis of competition for the targeted players analyzed by this Middle East Gaming market study.
Marketing Overview and Dynamic: Simple accessibility and access to gaming are increasing the game's popularity in the region
The Middle East Gaming market is anticipated to grow at a rapid CAGR of approximately 12% over the 2022-2028 forecast period. Growing demand for electronic devices, such as laptops, smartphones, Virtual Reality (VR) headsets, and others. is expected to drive market growth. Augmented Reality (AR) technology is supported in most consumers’ electronic devices and is gaining acceptance for mobile gaming due to its interactive and immersive nature. Additionally, with the shift away from traditional PC or console-based games companies are focusing on the creation of mobile games, which is driving the use of various games on mobile devices.
The Middle East gaming market is predicted to experience substantial growth in the next 6 years, mostly due to the accessibility and availability of games online on the internet. In addition, to make it more accessible, AR genre games are accessible for Android, and iOS by various game creators. Numerous new games within the genre are being created by market-based players like Harry Potter: Wizards Unite and Minecraft Earth, in addition to the previously released AR gaming apps for mobile devices that are still popular like Pokemon Go and Ingress.
Saudi Arabia dominates the Middle East Gaming market because of the greater penetration of smartphones and the internet in addition to the availability of diverse games within the country. Many firms are providing games to various end players, from singles and theme parks. In the country of Saudi Arabia, the government is investing heavily in theme parks, entertainment, and facilities that house gaming areas for people to enjoy their time in leisure. This will likely propel the growth of the market in the near future.
Segmental Analysis
Competition Analysis: Regional Players Dominate the Domestic Markets
The Middle East Gaming market observes intense competition as a result of a presence of a large number of established players. Companies are coming up with technological advancements and innovations and are putting efforts to enhance the real-time gaming experience in gaming infrastructure which is further expected to augment the market growth in the near future.
Product innovations, launches, and partnerships are the identified industry trend in the Middle East Gaming market. Significant consolidation is expected in the Middle East market during the assessed period 2022-2028.
Some of the leading players involved in the production and marketing of Gaming include Rockstar Games Inc., Microsoft Corporation, Bandai Namco Entertainment Inc., Nintendo Co. Ltd., Tencent Holdings Ltd., Sony Corporation, NetEase Inc., Nexon Company, Wixel Studios, Apple Inc., Game Cooks, Electronic Arts Inc., Ubisoft Entertainment SA, Sega Sammy Holdings Inc., Falafel Games, Activision Blizzard Inc., and Take-Two Interactive Software, among others.
RationalStat has segmented the Middle East Gaming market on the basis of game type, gamer type, device type, and region
For more information about this report https://store.rationalstat.com/store/middle-east-gaming-market-investment-growth-opportunity-analysis/
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