Sport Games - Colombia
Colombia- In 2022, the projected total revenue in the Sport Games market in Colombia is expected to reach US$9.53m.
- This represents a significant potential for growth in the country's gaming industry.
- The market is projected to experience a steady annual growth rate (CAGR 2022-2027) of 13.82%, resulting in a projected market volume of US$20.69m by 2027.
- When examining the different revenue streams within the Sport Games market, in-app purchases (IAP) are expected to contribute a substantial amount, with projected revenue reaching US$1.38m in 2022.
- This highlights the increasing popularity of in-app purchases among gamers in Colombia.
- Paid app revenue, on the other hand, is projected to reach US$73.49k in 2022.
- While this figure is relatively smaller compared to in-app purchases, it still represents a significant portion of the market's revenue.
- Advertising revenue is also expected to play a crucial role in the Sport Games market, with projected revenue reaching US$8.08m in 2022.
- This indicates the growing interest of advertisers in targeting the gaming audience in Colombia.
- Furthermore, the number of downloads in the Sport Games market is projected to reach 40.48m downloads in 2022.
- This demonstrates the high demand for gaming content in Colombia and reflects the country's enthusiastic gaming community.
- It is worth noting that the average revenue per download is expected to be US$0.24.
- This metric provides insights into the monetization potential of the Sport Games market in Colombia, indicating the average revenue generated from each download.
- In a global context, it is interesting to observe that United States generates the highest revenue in the Sport Games market, reaching a staggering US$2.90bn in 2022.
- This showcases the dominance of the US market in the gaming industry and the potential for growth in other regions, including in Colombia.
- As in Colombia continues to embrace the Sport Games market, it is evident that there is substantial room for growth and economic opportunities within the country's gaming industry.
- The projected revenue figures and market volume highlight the potential for both local and international developers to tap into this lucrative market segment.
- Key regions:
- Asia,
- Japan,
- India,
- United States,
- Europe
Definition:
Sport apps allow players to play digital versions of their favorite sports. The most popular sports apps are billiards, golf, soccer, and basketball. For example, 8 Ball Pool allows players to stake coins and play against other players online. The app version of the classic basketball game NBA Jam provides a nostalgic experience for fans of the original game.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
