According to MarkNtel Advisors, The Saudi Arabia Online Gaming Market (2022-2027) research report includes a thorough analysis of the current market size, share, overview, and future growth that are impacting the market and includes a complete study of key drivers and trends relevant to this developing domain. Consumers can use the study to identify industry possibilities and obstacles. On the basis of the geographical environment, it fully provides the most recent information about the latest development of the Saudi Arabia Online Gaming industry.
The qualitative aspects of the market analysis are also highlighted in the report. The study incorporates the most important research findings regarding the market landscape and investment potential. Based on their revenue size, service/product portfolio, regional presence, important strategies & policies, and overall contribution to the market forecast.
The Primary Objectives of This Saudi Arabia Online Gaming Market Report Are -
- To estimate the market size and potential markets.
- To assess the market growth potential over the forecast period.
- To determine how the marketplace is affected by competing factors.
- To profile the major players in the Saudi Arabia Online Gaming market based on company overview, production, product portfolio, value, price, gross margin, geographical presence, and significant advancements.
- To offer important information on market trends, opportunities, challenges, new product launches, or regulatory approvals.
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The Dynamic of Saudi Arabia Online Gaming Market –
Driving Factor -
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.
To strengthen the internet infrastructure of Saudi Arabia, the Ministry of Communications and Information Technology is working toward expanding high-speed internet connectivity of more than 10 Megabytes per second (Mbps) across all rural areas by 2022 in order to stipulate online gamers to play games without any speed breakout for a better gaming experience.
Major Challenges -
One of the most prominent challenges to the Saudi Arabia Online Gaming Market is dynamic regulations imposed by the government for citizens' welfare. In November 2021, the Saudi Communications and Information Technology Commission (CITC) published a consultation on its draft Digital Content Platform regulations for digital gaming platforms in the country. Article 5.2 of the CITC draft specifies that Satellite Pay TV platforms, IPTV platforms (Amazon), Video OTT platforms (Netflix), etc., face the heaviest burden since they need to obtain a license before offering services.
Furthermore, games like Call of Duty 4: Modern Warfare, Grand Theft Auto series, Manhunt series, along with 44 other games, has been completely banned in Saudi Arabia since these were not in compliance with the Saudi Arabian digital regulation and were depicting violence, terrorism role plays, & other offensive content.
Competitive Landscape -
The key players in the market, their market shares, product portfolios, and company profiles are all included in this analysis. Based on gross margin, market value, and price structure, these market participants are examined. The Saudi Arabia Online Gaming market competition scenario between the participants will aid to develop market strategies for those who are aspiring to work in the industry. The numeric figures in this study report can serve as a precise and useful reference while determining how to shape corporate growth.
The Following Players Are Examined in This Study Report:
- 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.
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Saudi Arabia Online Gaming Market Segments Analyzed in The Report Are -
This section provides a thorough study of the Saudi Arabia Online Gaming market segmentation. It is described how the statistical analysis of Segments helped to comprehend the target market. It provides growth projections for 2023–2028 at the regional, and national levels. The study analyzes major trends in each of the mentioned segment in the market. This study examines the opportunities, trends, and important aspects that contribute to the demand in the continuing market evolution.
Segment, By Platform Type
- Gaming Console
- Smart Phone/ Tablet
- Virtual Reality
- PC
- Streaming
- Others (Television, Web Browser, Arcade, etc.)
Segment, By Game Type
- Sports Games
- Racing Games
- Adventure & Action Games
- Strategy Games
- Others (Role-Playing Games, Card Games, etc.)
Segment, By Revenue Model
- Free Online Gaming
- Paid Online Gaming
The Areas of Concentration That Support And Drive Research Projects And Endeavors Are -
- What are the fundamental and core competencies of the new entrants and the established firms in the market we are analyzing?
- What branding opportunities are there that are developing quickly?
- What main competitive forces are influencing the sector?
- Why do the leading companies in the sector favor particular viable techniques over others?
- What are some of the most important pricing strategies & policies used by businesses in a certain sector to market their goods/services globally?
- What marketing tactics are suitable for a specific service or product?
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Why This Report?
Our report on the Saudi Arabia Online Gaming Market can also be customized based on the client's requirements in terms of geographical area, segments, or market participants.
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