In Q3 2020, the Chinese mobile gaming market posted robust revenue growth. It generated a total of $7.56 billion. Compared to Q3 2019, that marked an increase of 25% and 3.14% higher than Q2 2020.
According to the research data analyzed and published by Safe Betting Sites, mobile games dominated the market in H1 2020. They generated 75.04% of the gaming industry’s total revenue while client network games contributed 20.18%.
China’s Mobile Games Market to Grow to $21.25 Billion in 2020
China is the leading market globally for mobile games, as 60% of its population uses smartphones. In fact, 82% of gamers in the country play on their mobile phones, while 57% play on PC.
According to Research and Markets, China accounts for 25% of the global mobile games market. By the end of 2020, the figure could rise to 40% according to Golden Casino News.
During H1 2020, the Chinese mobile gaming market grew by 35.8% YoY compared to 21.6% in H1 2019. Based on a Statista forecast, its revenue could reach $21.25 billion in 2020, growing by 17.9% year-over-year (YoY).
Moreover, the number of Chinese mobile players is also on the rise, going from 381 million in 2017 to 450.7 million in 2019. Statista projects it will grow by 16.2% YoY in 2020 to reach 523.5 million.
Chinese games are also gaining popularity abroad. Their sales revenue overseas rose from $6.02 billion in H2 2019 to $7.59 billion in H1 2020. During that period, they increased by 36.32% as domestic sales grew by 30.38%.
On the other hand, a study from iResearch states that the Chinese eSports market will generate $21 billion in 2020. From this amount, 46.1% will come from mobile eSports, while PC eSports will account for a 25% share.