South Korea Mobile Gaming Market 2024 | Growth, Trends, And Forecast By 2032

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, the South Korea mobile gaming market size is projected to exhibit a growth rate (CAGR) of 7.20% during 2024-2032.

South Korea Mobile Gaming Industry Trends and Drivers:

The audio gaming market in South Korea is one of the fastest-growing parts of the global gaming industry. South Korea has a tech-savvy population and the highest smartphone use in the world. This makes it a hotspot for innovation and income in mobile gaming. In recent years, hyper-casual games have become very popular. These games are easy to play and attract a wide audience. Now, developers are also creating mid-core games. These games aim to engage users even more. 5G technology also improved gameplay fluency and quick downloads. It is especially useful in augmented and virtual reality games. Monetization has changed. It used to rely mostly on subscriptions. Now, it includes more strategies. These focus on in-app purchases (IAPs) and ad revenues. South Korean gamers often spend a lot on in-game items. This makes the market very profitable for developers. South Korean players are influenced by extreme sports events like AfreecaTV and Twitch. These platforms combine gameplay setup and live-streaming. This mix boosts engagement and revenue.

Another trend in the South Korean mobile gaming market is the lack of internationally acclaimed games. However, local games often have an edge. They excel in game culture and gameplay mechanics tailored to local preferences. Games like Lineage M and PUBG Mobile have found success. They do this by sticking to familiar stories and competitive elements that resonate with Korean players. Cross-play is trending. It lets players easily switch between mobile, PC, and console platforms. Cloud gaming services are growing fast because of better internet. They also help drive this trend. Changing rules are shaping developers' strategies. They are focusing on more player-friendly ways to make money. This includes tighter regulations against loot boxes and gaming addiction. The gig economy is thriving. It has a strong gaming culture. It also pushes for new technology and innovation. AI and ML are advancing rapidly in game personalization. This means the future of the South Korean mobile gaming market is very promising.

Download a sample copy of the Report: https://www.imarcgroup.com/south-korea-mobile-gaming-market/requestsample

South Korea Mobile Gaming Industry Segmentation:

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.

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