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Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks

Market Size of Mobile Gaming in South Korea (2017-2021, $ Billion)

Industry: Gaming Software
Current: Market Sizing & Shares

The market size of mobile gaming in South Korea reached a value of $7 billion in 2021
South Korea ranks at fourth spot in the global mobile gaming market with a share accounting for 7% of the global market size in the mobile gaming segment
The major companies that have a strong presence in South Korea mobile gaming market include Netmarble,Pearl Abyss, and Nexon.

Mobile Gaming in South Korea: Industry Overview

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.

Mobile gaming is one of the fastest-growing segments in the video gaming industry. This segment registered notable growth in 2020 even though most businesses were affected by the outbreak of the COVID-19 pandemic.

Moreover, growth in mobile users along with the roll-out of 5G/High-speed internet services globally has aided the growth of the mobile gaming segment.

The market size of mobile gaming in South Korea reached a value of $7 billion in 2021. The mobile video gaming market grew by 35% in 2021 as the demand for mobile gaming 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 ranks at fourth spot in the global mobile gaming market with a share accounting for 7% of the global market size in the mobile gaming segment.

South Korea’s mobile gaming market saw a CAGR of 24% during 2017-2021 as it was one of the few industries which had a positive effect due to the pandemic and video gaming industry was one such industry which saw rise in the consumption.

The consumption of mobile gaming was further aided by growth in smart phone users and increased internet penetration. .

The major companies that have a strong presence in South Korea mobile gaming market include Netmarble,Pearl Abyss, and Nexon.

Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Global Gaming market to inform business strategy and pinpoint opportunities and risks Visit Report Store