Increased Adoption of Wearable Technology Will Uplift the Social Gaming Market in APAC from 2015-2019

LONDON-Technavio has published a new report on the social gaming market in the APAC region, which is expected to grow at a CAGR of over 20% from 2015-2019.

“Wearable technology devices include features such as location based services, social gaming and various other applications which can function discretely”

About the Report

According to the latest report by Technavio, APAC has the highest number of casual gamers and the number will continue to increase, thus driving the market during the forecast period. India, Indonesia, and South Korea are the leading countries in terms of growth rate, not just in APAC but globally.

“In recent times, the number of gamers has increased significantly as games have become more immersive with enhanced virtual environment. This increase will propel the growth of the social gaming market during the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes the increasing adoption of wearable technology, especially in Japan, which is expected to bring forth new social media platforms in the future.

“Wearable technology devices include features such as location based services, social gaming and various other applications which can function discretely,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the social gaming market in the APAC region from 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of social games, virtual goods, and game apps from gaming and social media sites.

Key Information Covered in the Report:

Key Vendors:
- GungHo Online Entertainment
- King
- Rekoo
- Tencent Holdings
- Zynga
Market Growth Drivers:
- Increase in Internet penetration
- For a full detailed list, view our report.
Market Challenges:
- Decline in Facebook gaming
- For a full detailed list, view our report.
Market Trends:
- Adoption of cloud-based technology in social gaming
- For a full detailed list, view our report.