Video Games - Angola

Angola

The Video Games market in Angola is projected to reach a revenue of US$214.30m in 2024.
This indicates a positive growth trend, with an expected annual growth rate (CAGR 2024-2027) of 7.42%.
As a result, the market volume is projected to reach US$265.60m by 2027.
In terms of user base, the number of users is expected to reach 4.0m users by 2027.
This demonstrates a growing interest in video games among the population.
The user penetration rate is estimated to be 9.1% in 2024 and is projected to increase to 9.7% by 2027.
Among the various segments within the Video Games market, Mobile Games holds the largest market share, with a volume of US$134.80m in 2024.
This highlights the popularity of mobile gaming in Angola.
In a global comparison, the highest revenue is expected to be generated China, amounting to US$94,490.00m in 2024.
This showcases China's dominance in the global video games market.
Furthermore, the average revenue per user (ARPU) in the Video Games market is projected to be US$63.42 in 2024.
This metric provides insights into the financial value generated by each user in the market.
Overall, the Video Games market in Angola is poised for growth, with increasing revenue, user base, and user engagement.
Angola's video game market is rapidly expanding, driven by increasing disposable income and a growing interest in gaming among the country's youth.

Key regions: France, South Korea, Asia, Japan, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

While all other Digital Media market markets have already gone through small revolutions caused by new business models like subscription-based services, the Video Games market is only at the beginning of this development. New offers like Ubisoft’s Uplay+ gaming flat rate or technical innovations like Google Stadia’s game streaming platform might attract even more casual gamers and revolutionize the way consumers play video games in general.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Video Games market. Digital video games are defined as fee-based video games distributed over the internet. These include online games, download games, mobile games, and gaming networks. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, 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 per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. 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 some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.