Video gaming is one of the fastest-growing sectors in the industry. This segment was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. The video game industry includes the creation, promotion, and monetization of video games.
Video gaming comprises different modes of gaming, including console gaming, mobile gaming, and PC gaming, out of which PC gaming accounts for 25% with a market value of almost $45 billion in 2021.
PC gaming is a form of video game that involves the usage of Desktop and Laptop peripherals as a platform for gaming and entertainment purposes. The growth in PC gaming has seen a steady rise over recent years as the demand is not just limited to professional gamers but to normal users as well. This is because of the seamless experience that PC gaming offers to the users compared to other forms of gaming.
The market size of PC gaming in South Korea reached $7.6 billion in 2021, witnessing a significant increase of 25% from the previous year, the second-highest growth among all the countries globally, just behind Belgium. South Korea saw the biggest growth in terms of absolute numbers with an increase of over $1.5 billion in 2021 from the previous year, showing the huge demand the region has for PC gaming.
The market grew as indoor game activities increased following the shutdown of outdoor games owing to the pandemic and people globally spent most of their time at home due to the lockdowns.
South Korea is the third largest market for PC gaming globally with a share of 17.1%, just behind the US, and accounts for 28% in Asia-Pacific, showing its dominance and influence in the video gaming market.
The PC gaming market in South Korea grew at a CAGR of 19% during 2017–2021. South Korea has seen great growth in the last five years and is narrowing its distance from the second-placed United States. Many companies in the gaming industry are bringing digitization and user-friendly engagement to their gaming platforms to enhance the user’s gaming experience.
Major players in the PC video gaming segment in South Korea include NCsoft Corp, Sony, and Nexon Co Ltd.
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