Video gaming is one of the fastest-growing sectors in the industry. Video gaming comprises different modes of gaming, including console gaming, PC gaming, and mobile gaming, out of which console gaming accounts for 22% with a market value of almost $38 billion in 2021.
The video gaming industry was among the few businesses that thrived during the outbreak of the COVID-19 pandemic. It includes the creation, promotion, and monetization of video games.
Console gaming is a form of video game that uses images and sounds produced by a gaming console, which are shown on a television or other comparable audio-video system and can be controlled by the player. It is one of the fastest-growing segments in the video gaming industry. This segment registered notable growth in 2021 even though most businesses were affected by the outbreak of the COVID-19 pandemic.
Saudi Arabia is the market leader in console gaming in the Middle East & Africa, with a value of $366 million in 2021, accounting for 84% market value of the Middle East & Africa region. Though Saudi Arabia has contributed to only 1% of the global market size in 2021, it is among the leading video game streaming markets in the world.
The console gaming market in Saudi Arabia grew by 26% in 2021 as the demand for console gaming increased following the shutdown of outdoor games owing to the pandemic which forced people around the globe to spend most of their time at home due to the lockdowns.
The UAE is the second largest player in the console gaming market from the region, with a share of $43 million accounting for 10% of the region’s market size in the console gaming segment. The console video gaming market in the UAE grew by 6% in 2021.
South Africa comes next making it the third-largest market in the Middle East & Africa region for the console gaming segment with $14 million in 2021, showing a growth of 26% from the previous year, the second-highest growth globally, just behind South Korea. These three countries combined makeup almost 97% of the region’s console gaming market. Middle East & Africa accounts for just 1% of the global market size of console gaming but is among the fastest-growing regions.
The major companies that have a strong presence in the console gaming market in Middle East & Africa include Nintendo, Microsoft, and Sony.
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