china online gaming market (2)

Renub Research has recently released a report named "China Online Gaming Market Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2027," providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the China Online Gaming Market. The China Online Gaming Market shall expand at a CAGR of 8.45% from 2022 to 2027. China is the 'Gaming Industry Capital of the World,' comprising about 25% of the global video game industry. Nearly half of China's population is gamers, and online games are played using various devices such as video game consoles, personal computers, and mobile devices. In addition, providers offer multiplayer modes, downloadable content and in-game chat for free or through fee or subscription models.

China's gaming market is highly lucrative, with international companies investing in Chinese gaming vendors or sponsoring professional players'

The fading boundary between the online game and real life is changing the online gaming industry in China. Video and online games are quickly changing culture and are creating a synthetic world. There has been a unique culture that evolved around the Chinese online gaming world. In China, online gaming, internet users are considered equivalent to the TV shows for American baby boomers. Chinese companies designed online game is getting more popular among users worldwide. According to Renub Research, China Online Gaming Market will reach to US$ 86 Billion by 2027.

Due to the surging popularity of online games in China, companies worldwide are entering the market by acquiring Chinese companies' share or taking sponsorships of professional players. The popularity of eSports is one of the main reasons for the growth of the gaming industry in China as many players participate in gaming competition that is also broadcasted online. As per this research study, China Online Gaming Industry will