The latest estimates indicate that the South Korea video games and consoles market is expected to experience modest growth, with an incremental increase of USD 3.2 billion. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 4.6% during the forecast period from 2024 to 2029. South Korea’s leadership in eSports and online gaming, fueled by a robust broadband infrastructure and tech-savvy population, continues to drive its gaming market. The country is also a key market for high-performance gaming consoles and hardware, supported by consumer demand for immersive gaming experiences. Additionally, mobile gaming dominates due to strong smartphone penetration and cultural integration of gaming as a social activity.
The report delivers an in-depth analysis of the South Korea video games and consoles industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, revenue stream and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the video games and consoles market.
Market Segmentation
The following outlines the segmentation of the South Korea video games and consoles market:
Product: devices (handheld games consoles, stationary consoles, VR/AR headsets), video game software (console games, mobile games, online games and subscriptions, PC games)
Revenue stream: paid app, in-app purchases
Distribution channel: supermarkets and hypermarkets, electronics stores, e-commerce, others
The video games and consoles market in the South Korea is segmented by product, revenue stream and distribution channel. The market is classified by product into devices (handheld games consoles, stationary consoles, VR/AR headsets), and video game software (console games, mobile games, online games and subscriptions, PC games). Revenue stream segments are divided into paid app, and in-app purchases. Distribution channel segments are categorized into supermarkets and hypermarkets, electronics stores, e-commerce, and others.
Competitive Landscape
The video games and consoles market remains highly competitive, with major players including Com2uS Holdings Co. Ltd., Devisisters Co. Ltd., Efun Co. Ltd., Electronic Arts Inc., GungHo Online Entertainment Inc., Kakao Corporation, Krafton Inc., Microsoft Corp., NCSoft Corporation, Neowiz Co. Ltd., Nexon Co. Ltd., NHN Corp., Nintendo Co. Ltd., Pearl Abyss Corp., SmileGate Inc., Sony Corporation, Tencent Holdings Ltd., Webzen Inc., Wemade Co. Ltd. and Wemade Play Co. Ltd.
This report delivers an in-depth examination of leading companies in the video games and consoles sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea video games and consoles market.
Gain in-depth analysis and forecasts for the key segments of the South Korea video games and consoles market: product, revenue stream and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea video games and consoles market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea video games and consoles market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Video Games and Consoles Market – Product Analysis
South Korea Video Games and Consoles Market – Revenue Stream Analysis
South Korea Video Games and Consoles Market – Distribution Channel Analysis
Key Players and Market Share
– Com2uS Holdings Co., Ltd.
– Devisisters Co., Ltd.
– Efun Co., Ltd.
– Electronic Arts, Inc.
– GungHo Online Entertainment, Inc.
– Kakao Corporation
– Krafton, Inc.
– Microsoft Corp.
– NCSoft Corporation
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Video Games and Consoles Market 2019-2029
Chart South Korea Video Games and Consoles Market, Net Growth, 2019-2029
Chart South Korea Video Games and Consoles Market, Growth Rates, 2019-2029
Table South Korea Video Games and Consoles Market by Product, 2019-2029
Chart South Korea Video Games and Consoles Market by Product, CAGR Historic and Forecast, 2019-2029
Chart South Korea Video Games and Consoles Market by Product, 2019-2029
Table South Korea Video Games and Consoles Market by Revenue Stream, 2019-2029
Chart South Korea Video Games and Consoles Market by Revenue Stream, CAGR Historic and Forecast, 2019-2029
Chart South Korea Video Games and Consoles Market by Revenue Stream, 2019-2029
Table South Korea Video Games and Consoles Market by Distribution Channel, 2019-2029
Chart South Korea Video Games and Consoles Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Video Games and Consoles Market by Distribution Channel, 2019-2029
Table South Korea Video Games and Consoles Market Share (%), by Companies, 2019-2023
Chart South Korea Video Games and Consoles Market, by Companies, 2023
Table South Korea Video Games and Consoles Market Share (%), by Brands, 2019-2023
Chart South Korea Video Games and Consoles Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Video Games and Consoles Market: Spend as a Proportion of GDP (%)
Table South Korea Video Games and Consoles Market: Consumption per Capita (Population)
Companies Mentioned
Com2uS Holdings Co., Ltd.
Devisisters Co., Ltd.
Efun Co., Ltd.
Electronic Arts, Inc.
GungHo Online Entertainment, Inc.
Kakao Corporation
Krafton, Inc.
Microsoft Corp.
NCSoft Corporation
Neowiz Co., Ltd.
Nexon Co., Ltd.
NHN Corp.
Nintendo Co., Ltd.
Pearl Abyss Corp.
SmileGate, Inc.
Sony Corporation
Tencent Holdings Ltd.
Webzen, Inc.
Wemade Co., Ltd.
Wemade Play Co., Ltd.