Sport Games - Saudi Arabia
Saudi Arabia- The Sport Games market in Saudi Arabia is poised for significant growth, with total revenue projected to reach US$19.87m in 2022.
- This projection indicates a promising future for the market segment in the country.
- Furthermore, the market is expected to witness steady growth with an annual growth rate (CAGR 2022-2027) of 10.66%.
- This growth trajectory is estimated to result in a projected market volume of US$33.49m by 2027.
- These figures demonstrate the potential of the Sport Games market in Saudi Arabia to expand and attract more players and investors.
- Within the Sport Games market, in-app purchase (IAP) revenue is projected to reach US$12.74m in 2022.
- This revenue stream signifies the willingness of players in Saudi Arabia to spend on in-game purchases, highlighting the market's potential for monetization.
- Paid app revenue in the Sport Games market is also expected to contribute to the overall revenue, projected to reach US$69.02k in 2022.
- This revenue stream indicates that there is a portion of the market that prefers to pay for premium gaming experiences.
- Advertising revenue is another significant aspect of the Sport Games market in Saudi Arabia, with a projected revenue of US$7.07m in 2022.
- This revenue stream reflects the opportunities for advertisers to reach a large audience within the gaming community.
- In terms of user engagement, the number of downloads in the Sport Games market is projected to reach 55.45m downloads in 2022.
- This figure highlights the popularity of sport games among Saudi_Arabian gamers and the potential for further market expansion.
- Currently, the average revenue per download in the Sport Games market is expected to amount to US$0.36.
- This metric indicates the revenue generated per individual download, providing insights into the market's monetization potential.
- When comparing the Sport Games market globally, it is evident that United States leads in terms of revenue generation, with a projected revenue of US$2.90bn in 2022.
- This comparison underscores the scale and significance of the market United States, while also highlighting the growth potential for Saudi Arabia to further 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).
