Delhi, India (PressExposure) June 06, 2009 -- According to a new research report âChina Online Gaming Market Analysisâ by RNCOS, the online gaming industry in China has emerged as the most preferred investment option for both the domestic and foreign companies. Industry has been witnessing a phenomenal growth from 2002 onwards and has outpaced other online gaming markets across the globe. The revenue generated by all online gaming companies in China grew by close to 1700% (YOY) from 2002 to 2008. Overall, the industry revenue surpassed Yuan 18 Billion by the end of 2008 as compared to mere Yuan 1.02 Billion in 2002.
In our opinion, the unprecedented growth can be attributed to the entry of large number of domestic companies and improving technology infrastructure in the country. The rising penetration of Internet and broadband services along with increasing mobile user base has provided the desired technical platform for the growth of online gaming culture in China. Beside these fundamental factors, positive shift in consumer behavior towards online gaming as source of entertainment has also contributed towards the development of online gaming industry in china.
We think that the online gaming industry in China will continue to flourish despite the after-effects of the financial crisis of 2008. The will be no adverse effect on the industryâs growth trajectory as consumers will continue spending on online gaming and the increasing level of investment will continue providing solid platform for expansion. As per our research, Chinaâs gaming industry will undergo a short phase of consolidation in the next three to five years when large enterprises will buyout the smaller ones in order to strengthen their position in the market. The online gaming industry will witness a CAGR of 20% during our review period (2009-2013).
âChina Online Gaming Market Analysisâ is an extensive research and in-depth analysis on the online gaming industry in China. The report underlines the major market attractions and gives a detailed overview on the online gaming industry in China. The segment wise information mentioned in report helps the clients to identify the key market trends in the industry and to get aware of various aspects of the industry.
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