South Korea Mobile Gaming Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.20% (2024-2032)
The rise of hyper-casual games is impelling market growth in South Korea. According to the latest report by IMARC Group, South Korea mobile gaming market size is projected to exhibit a growth rate (CAGR) of 7.20% during 2024-2032.
Download sample copy of the Report: https://www.imarcgroup.com/south-korea-mobile-gaming-market/requestsample
South Korea Mobile Gaming Industry Trends and Drivers:
In the last 10 years, the South Korea mobile gaming market has changed a lot. This shift results from improved technology and an increase in smartphone users. Approximately 95% of people in South Korea own smartphones. This creates a welcoming environment for mobile game developers and publishers. The market MOBA games, RPGs, and strategy games. These genres consistently rank among the top-grossing titles. The South Korean gaming community thrives on competition. Gamers aim for wins that lead to in-game purchases, making this market very profitable. 5G networks have improved gaming a lot. Now, players enjoy smooth gameplay and real-time interactions. Now, many cloud gaming services let users enjoy high-quality games. You don’t need expensive hardware anymore. Tax policies for game developers and investments in esports have fueled growth and sparked fresh ideas in the industry.
Also, sports and live streaming now shape the South Korea mobile gaming market. Some games have become very popular in casual and competitive circles. Examples are "League of Legends: Wild Rift and "PUBG Mobile." Esports tournaments draw millions of viewers in South Korea and around the world. They also bring in new money from sponsorships, ads, and merchandise. Live streaming on AfreecaTV and YouTube Gaming is key to gaming. It lets players show their skills live and connect with fans. Hyper-casual games have found a new place in the market. Their popularity comes from being simple and easy to play. These games usually make money through ads, which work well for developers. South Korean companies are focusing more on localization and cultural adaptation. This shift comes from the rising demand for different game genres. This helps them enter global markets. South Korea's tech strength and strategy have made it a key player in mobile gaming worldwide.
South Korea Mobile Gaming Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea mobile gaming market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
The report has segmented the market into the following categories:
Type Insights:
- Action or Adventure
- Casino
- Sports and Role Playing
- Strategy and Brain
Device Type Insights:
- Smartphone
- Smartwatch
- PDA
- Tablet
- Others
Platform Insights:
- Android
- iOS
- Others
Business Model Insights:
- Freemium
- Paid
- Free
- Paymium
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined, along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
