How Big is China’s Gaming?
China’s gaming industry is massive, with a staggering $45.5 billion in revenue in 2022, including mobile, console, and PC games, and a whopping 701.8 million gamers as of 2022, making it the largest market in the world in terms of video games. The country’s online gaming market is rising meteorically, with Chinese games companies accounting for 47% of the mobile games revenue worldwide and 39% of the PC games revenue, according to a report by Niko Partners.
Overview of China’s Gaming Industry
China’s gaming market has experienced rapid growth over the years, driven by the increasing popularity of online games and the rise of mobile gaming. The country’s gaming industry is expected to continue growing, with a projected ** Compound Annual Growth Rate (CAGR) of 8.45%** from 2022 to 2027, according to a report by the publisher.
FAQs About China’s Gaming Industry
What is the current size of the Chinese gaming market?
The Chinese gaming market reached $45.5 billion in revenue in 2022, including mobile, console, and PC games.
How many gamers are there in China?
There are over 701.8 million gamers in China as of 2022, making it the largest market in the world in terms of video games.
What percentage of the population in China plays video games?
More than 46% of the total population of China think of themselves as gamers, with 97% of people aged 18-24, 90% of people aged 25-35, and 90% of people aged 31-35 being gamers in China.
How much money does China make from video games?
In the first half of 2023, China’s video gaming industry reported a total revenue of 144 billion yuan, representing a 2.4 percent drop compared to the same period in the previous year.
What is the future of gaming in China?
The Chinese Online Game Market will reach US$ 90.52 Billion by 2027 at a CAGR of 8.45%, according to the publisher.
Is China the world’s largest online gaming market?
Yes, China’s online games industry is now the largest in terms of both number of users (about 650 million) and revenue ($45 billion in 2022).
How big is the US gaming industry compared to China’s?
The video game market size in the United States was estimated to be 97.67 billion U.S. dollars in 2022, setting a new all-time industry record, while China’s video gaming industry reported a total revenue of 44 billion U.S. dollars in 2022.
Who are the biggest gaming companies in China?
The Chinese entertainment tycoon Tencent remains dominant in the mobile gaming arena, while its Chinese rivals NetEase and miHoYo follow with a wide margin.
What is the most popular game in China?
Tencent’s Honor of Kings remained the highest-grossing game app in the country, earning about 115.7 million U.S. dollars in revenue in September 2023.
Why is gaming so popular in China?
Many Chinese-developed games became online games offering numerous microtransactions to recoup costs, and such games could be offered at Internet cafés, which became a popular option for Chinese players.
How many women play video games in China?
Around 300 million women play video games in China, making up a significant portion of the country’s gaming population.
What is the average age of gamers in China?
The average age of gamers in China is relatively young, with 97% of people aged 18-24 and 90% of people aged 25-35 being gamers.
Is gaming banned in China?
No, gaming is not completely banned in China, but the Chinese state has imposed time limits on access to video games for players under the age of 18 since 1 November 2019.
How is China restricting gaming?
The Chinese state has imposed time limits on access to video games for players under the age of 18, and companies are asked to delete content that is violent, deemed to celebrate wealth, or foster the worship of celebrities.
What is the impact of China’s gaming restrictions on the industry?
The gaming restrictions in China have had a significant impact on the gaming industry, with companies having to adapt to the new regulations and players having to find ways to access games within the time limits.
How does China’s gaming industry compare to Japan’s?
Japan is the third biggest market in the video gaming industry with a value of $29 billion in 2021, accounting for 16% of the global market size, while China’s video gaming industry reported a total revenue of 44 billion U.S. dollars in 2022.