Saudi Arabia Online Gaming Market: Forecasted 7.85% CAGR by 2028, Examining Size, Share, and Demand

MarkNtel Advisors has recently published "Saudi Arabia Online Gaming Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Saudi Arabia Online Gaming Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Saudi Arabia Online Gaming Market is anticipated to experience a CAGR of approximately 7.85% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: 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.

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.

Furthermore, new government agencies, such as the Saudi Data, Artificial Intelligence Authority (SAAIA), & its sub-entities, the National Center for AI, etc., are dedicated to advancing technology-enabled society and promoting the penetration of online gamers in Saudi Arabia. For instance, London-based satellite firm OneWeb is forming a joint venture with a NEOM Tech & Digital Holding Company to provide high-speed internet across Saudi Arabia.

Recent Developments

• 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.

Segmenting Success: Unveiling Opportunities in the Saudi Arabia Online Gaming Market 2023-2028

The Saudi Arabia Online Gaming Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Platform Type

- Gaming Console

- Smart Phone/ Tablet

- Virtual Reality

- PC

- Streaming

- Others (Television, Web Browser, Arcade, etc.)

Based on Game Type

- Sports Games

- Racing Games

- Adventure & Action Games

- Strategy Games

- Others (Role-Playing Games, Card Games, etc.)

Based on Revenue Model

- Free Online Gaming

- Paid Online Gaming

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Unveiling the Competitive Landscape: Insights into Key Players in the Saudi Arabia Online Gaming Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Saudi Arabia Online Gaming Market, ultimately seeking substantial revenue generation over the forecasted years.

- 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.

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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