Online Games - Turkmenistan | Statista Market Forecast

The Online Games market in Turkmenistan is expected to witness significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$2.82m.
This growth is expected to continue, with a Compound Annual Growth Rate (CAGR) of 10.45% from 2024 to 2027.
By 2027, the market volume is projected to reach US$3.79m.
The number of users in the Online Games market is also expected to see a substantial increase.
By 2027, the number of users is anticipated to reach 574.4k users.
This indicates a growing interest and adoption of online games among the population in Turkmenistan.
In terms of user penetration, it is projected to be 7.5% in 2024 and is predicted to reach 8.7% by 2027.
This highlights the increasing popularity and engagement of users with online games in Turkmenistan.
In comparison to other countries, China is expected to generate the highest revenue in the Online Games market.
In 2024 alone, China's revenue is projected to reach a staggering US$6.53bn.
This showcases the immense size and potential of the Chinese market in the online gaming industry.
Furthermore, the average revenue per user (ARPU) in the Online Games market is projected to amount to US$5.88 in 2024.
This metric provides insights into the monetization potential of each user in Turkmenistan's online gaming market.
Turkmenistan's online gaming market is growing rapidly, fueled by the country's young population and increasing access to internet connectivity.

Definition:

Online games such as Fortnite and World of Warcraft are video games that can be played over the internet with other players from around the world. These games are designed to be immersive and engaging, allowing players to interact with each other in a virtual world. Players can create their own avatars, complete quests, battle enemies, and participate in various activities. The games are often structured as ongoing narratives, with new content regularly added to keep the experience fresh and exciting. Online games like these have become increasingly popular in recent years, creating new communities and social experiences for players. Online games can be divided into subscription-based games, such as World of Warcraft, or games that are for free, which allow in game purchases, such as Fortnite.

Additional information:

The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through in-game purchases, consumer spending on games, and subscription fees. Additional definitions for each market can be found within the respective market pages. Market numbers for online games can also be found in the Advertising & Media Insights in the digital video games market. Key players in the market are companies like Activision (Call of Duty), Blizzard (World of Warcraft) or Epic Games (Fortnite) For more information on the data displayed, use the info button right next to the boxes.

Free-to-play games with in-game purchases for additional premium contents or functionalities
Massive multiplayer online games (MMOGs)

Sale of physical video games

Thanks to high smartphone penetration across the globe, gaming is increasingly happening on the go. Mobile games of all kinds are becoming more and more popular and attract players with additional premium contents or functionalities. Thus, traditional online games slowly lose attractiveness to its usual audience. Only recent phenomena like the Battle Royale hits Fortnite and PUBG are still driving the market’s growth and shape online gaming in general.

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.

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