MMORPG Gaming Market Research Report
MMORPG Gaming Market:
Growth opportunities in the MMORPG Gaming market look promising over the next six years. This is attributed to the increasing penetration of the internet followed by the strategic initiatives launched by the players and the emergence of coronavirus, which has surged the demand for MMORPG games.
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MMORPG Gaming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing penetration of the internet has surged the demand for multiple online role-playing games, which is contributing to the market growth over the coming years. As per the "International Telecommunication Union", the global internet penetration rate has surged from nearly 17% in 2005 to increase till 53% in 2019, which reflects the growing number of internet consumers has helped in changing the scenario of the market. In addition to this, the lockdown due to coronavirus and social distancing norms has increased the demand for online role-playing games among the teenage population, which has further surged the growth of the market over the coming years. As per Verizon, the expansion in the gaming traffic, especially during peak hours, has increased by 75% over the past few months.
Numerous strategic initiatives introduced the leading players in developing games are further responsible for the market growth. For example, in July 2019, Amazon Game Studios launched "The Lord of the Rings" game, coming to consoles. The company also entered into a partnership with Leyou Technologies and Middle-earth Enterprises for the development of this game.
On the other hand, the growing data security breaches and cyber-attacks through MMORPG game servers are the two factors that are hampering the market growth. For example, in May 2020, ESET introduced a report including the names of popular gaming companies that were affected by "build orchestration server" hijacking. The company gave a briefing about the gaming companies of South Korea, which have been affected by the growing number of cybersecurity problems.
Type Segment Drivers
Based on the type, online is projected to witness a faster CAGR over the forecast period. This is attributed to the growing demand for multiplayer games as they facilitate in-game communication and enhances the overall experience. The leading players are focusing on the development of the games such as Xbox Live by Microsoft Corporation, and PlayStation Network.
MMORPG Gaming Market’s leading Manufacturers:
· Activision Publishing, Inc.
· Electronic Arts Inc.
· NCSOFT Corporation
· Amazon
· NEXON America Inc.
· JAGEX
· Bright Star Studios
· Daybreak Game Company LLC.
· CCP ehf.
· NetEase, Inc
MMORPG Gaming Market Segmentation:
Segmentation by Device:
· Console
· Mobile
· Computer
Segmentation by Type:
· Online
· Offline
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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