Saudi Arabia Online Gaming Market Poised for Robust Growth, forecasted to Expand at 7.85% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Saudi Arabia Online Gaming Market is projected to grow at around 7.85% CAGR during the forecast period, i.e., 2023-28.

Report Coverage

This report offers a comprehensive analysis of the Saudi Arabia Online Gaming Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2022
• Forecast Years: 2023-28
• Historical Years: 2018-21

Saudi Arabia Online Gaming Market Overview

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.

Since its inception, the federation has organized multiple world-class national & international gaming tournaments & events to attract investments from both local & private-sector corporations while actively working with international gaming developers for opportunities in Saudi Arabia.

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Saudi Arabia Online Gaming Market Segmentation Outlook

The Saudi Arabia Online Gaming is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

Saudi Arabia Online Gaming Market D/C/T/o

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.

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Top Saudi Arabia Online Gaming Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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. Others as key players shaping the market landscape.

Saudi Arabia Online Gaming Market News

• In January 2022, Sony revealed a Virtual Reality (VR) headset, PSVR2, for its PS5 gaming console, i.e., furnished with upgraded hardware for enhanced headset features & VR2 sense controllers for exceptional immersion capabilities.
• In December 2021, in celebration of the 20th anniversary of Xbox & the Halo series, Microsoft released a multiplayer version of Halo Infinite for Windows, Xbox One, & Xbox Series X/S.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2028?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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