Adventure Games - Serbia

Serbia

The Adventure Games market in Serbia is projected to witness significant growth in the coming years.
According to estimates, the total revenue is expected to reach US$1.86m by 2022.
This indicates a positive trend in the market, with an annual growth rate (CAGR 2022-2027) of 8.07%.
As a result, the market volume is projected to reach US$3.13m by 2027.
When it comes to revenue sources within the Adventure Games market, in-app purchases (IAP) are expected to contribute significantly.
In 2022, the projected revenue from in-app purchases is estimated to be US$1.57m.
Additionally, paid app revenue is expected to reach US$0.20m in the same year.
Advertising revenue in the Adventure Games market is also projected to reach US$0.09m in 2022.
In terms of user engagement, the number of downloads in the Adventure Games market is projected to reach 17.96m downloads in 2022.
This indicates a strong demand for these games among consumers.
Furthermore, the average revenue per download is currently expected to amount to US$0.10.
In a global context, it is worth noting that in China generates the highest revenue in the Adventure Games market.
In 2022, in China's revenue is projected to reach a staggering US$4,591.00m.
This highlights the immense popularity and market potential of Adventure Games market in the country.
In conclusion, the Adventure Games market in Serbia is expected to experience robust growth in the coming years, with significant revenue potential from various sources.
The projected numbers indicate a promising future for the market, both domestically and on a global scale.

Key regions: Europe, India, Japan, Germany, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.