Online Gaming in Asia Pacific: COVID-19 Impact and Key Developments

HONG KONG, China - March 18, 2023 - PRLog -- Over the past decade, Asia Pacific has experienced rapid growth in the online gaming industry. The success of online gaming is partly ascribed to its accessibility and ease of use. The number of online gamers is currently increasing four times faster than the number of internet users. Games players all over the world are spending more of their free time online as bandwidth and connectivity have increased.

Impact of COVID-19 on United States Warehouse Automation Market
The video game industry has seen a surge in stock due to the pandemic as people turn to their devices for entertainment. The World Health Organization even recommended playing online games to prevent the spread of COVID-19. As restrictions ease, businesses have the opportunity to engage customers through mobile advertising.

Increasing eSports Players
Esports have seen a surge in popularity throughout Asia, especially during the pandemic. China remains the largest esports industry in the world, but Japan and South Korea are also significant markets for esports revenue. Esports arenas with thousands of spectators are quickly emerging around Asia, and online competitions and events for popular games like BGMI, Valorant, Call of Duty, Tekken 7, and DOTA 2 are becoming more frequent. The most popular esports genres in the region include sports games, multiplayer online battle arenas (MOBAs), first-person shooter (FPS) games, fighting games, card games, and real-time strategy (RTS) games.

Futher Key Findings-

• China's gaming market sees an increase in licenses for both domestic and imported games.
• The demand for classic Japanese video games is on the rise, with prices skyrocketing in the second-hand market.
• Korean cinemas rent their screens to gamers to make up for lost revenue during the pandemic.
• The Indian government is establishing a national center of excellence for animation, visual effects, gaming, and comics (AVGC) and opening India's first Center of Excellence (CoE) for online gaming in March 2023.

Makreo research has published a study titled "Asia Pacific Mobile Gaming Market". This is a detailed evaluation of the mobile gaming market performance in the Asia Pacific Region that discusses past, present and future outlook of the industry. In recent past industry has experienced many fluctuations due to the external environment thus this study offers analysis of the industry during Pre-COVID-19 period and post COVID-19 scenario.

Find out more:- Asia-Pacific Mobile Gaming Market – Assessment of China, Japan, South Korea and India (2018-2022) (https://www.makreo.com/report/asia-pacific-mobile-gaming-...)

Similar Related Reports:- China Mobile Gaming Market Size and Future Outlook (2018-2028) (https://www.makreo.com/report/china-mobile-gaming-market-...)

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