wraggster
June 28th, 2020, 10:08
Console games are expected to generate more than $2 billion in revenue per year in China by 2024.
That's according to a new report by Niko Partners, via GamesBeat (https://venturebeat.com/2020/06/09/niko-partners-chinas-console-and-tv-game-market-to-hit-2-15-billion-by-2024/), which looked at the predicted growth of home consoles in the region.
Last year, revenues from consoles and their games reached $997 million, but the analyst firm believes this will reach $2.15 billion now that such devices are sold legally in China.
For decades, home consoles were banned in China, leading to the rise of the free-to-play mobile and PC market that dominate's the nation's gaming scene.
But with China allowing the sale of official consoles since 2014 (https://www.gamesindustry.biz/articles/2014-01-07-china-temporarily-lifts-ban-on-foreign-consoles) -- lifting the full ban a year later (https://www.gamesindustry.biz/articles/2015-07-27-china-lifts-full-console-ban-after-15-years) -- the momentum of PlayStation, Xbox and Nintendo is expected to dramatically grow this market.
https://www.gamesindustry.biz/articles/2020-06-10-chinese-console-market-to-grow-to-usd2-15-billion-by-2024
That's according to a new report by Niko Partners, via GamesBeat (https://venturebeat.com/2020/06/09/niko-partners-chinas-console-and-tv-game-market-to-hit-2-15-billion-by-2024/), which looked at the predicted growth of home consoles in the region.
Last year, revenues from consoles and their games reached $997 million, but the analyst firm believes this will reach $2.15 billion now that such devices are sold legally in China.
For decades, home consoles were banned in China, leading to the rise of the free-to-play mobile and PC market that dominate's the nation's gaming scene.
But with China allowing the sale of official consoles since 2014 (https://www.gamesindustry.biz/articles/2014-01-07-china-temporarily-lifts-ban-on-foreign-consoles) -- lifting the full ban a year later (https://www.gamesindustry.biz/articles/2015-07-27-china-lifts-full-console-ban-after-15-years) -- the momentum of PlayStation, Xbox and Nintendo is expected to dramatically grow this market.
https://www.gamesindustry.biz/articles/2020-06-10-chinese-console-market-to-grow-to-usd2-15-billion-by-2024