Leading Countries in The Online Gaming Industry In 2022
Online gaming is currently a significant part of the entertainment industry. Even though iGaming has been around for many years, it wasn’t until recently that the thriving sector began receiving mainstream attention.
The internet and other relevant technologies have made it possible for players around the world to enjoy their favorite games via the internet.
This page sets out to discuss the top countries in the online gaming industry in terms of revenues, market shares, regulations, number of operators, and punters.
The Finnish online gaming market has been booming over the recent years, with some of the country’s gaming brands receiving global acceptance. Rovio’s Angry Birds, one of the most popular Finnish games, is a great example of how far-reaching the country’s gaming industry is.
Finland is also home to one of the rapidly growing iGaming markets globally. Many online gaming operators, including the best Finnish casinos by PayNPlay, now accept players from the country.
Of the total online gaming and gambling companies in Finland, 40% are startups that debited in the past two years.
Malta is considered the global hub of iGaming providers. This is attributed to the fact that there exists a large number of operators in the country and the employment opportunities created by the industry are numerous.
The online gaming market in Malta is overseen by the Malta Gaming Authority which issues operation licenses to local and international online casino operators. These operators are subjected to strict regulations set by the MGA.
As of 2018, about 12% of the Maltese economy was supported by the online gaming and gambling industry. From an operator’s perspective, Malta has a huge impact on the global iGaming industry, with hundreds of overseas operators moving their headquarters to Malta.
However, from a player’s perspective, Malta has a small population making the impact less significant compared to other European countries.
The Chinese market is an interesting one, considering that the country has a conservative government. From culture and politics to entertainment, the country seems to be paying attention to several social aspects.
While the Chinese special administrative regions of Macau and Hong Kong are viewed as gambling havens, mainland China is home to some of the world’s top video game brands. The gaming population in mainland China is also relatively huge.
This explains why China is regarded as the global capital of online gaming. Following the lifting of the ban on video game consoles by the national government in 2015, the industry has grown exponentially, notably in browser, PC computers, and mobile gaming.
Today, the Chinese online gaming market is led by conglomerates such as Perfect World, Shanda, Tencent Holdings, and NetEase. China leads in producing talented players and conducting esports tournaments.
The United States of America
The USA is yet another online gaming destination that leads in PC, browser, mobile, and console games. According to recent statistics, about 53.1% of the country’s youthful population are digital gamers. About 4% of the same population comprises monthly esports tournament viewers.
However, when it comes to game producers and developers, many of the country’s top online games and companies are expansions or subsidiaries of Japanese brands like Nintendo and Sony. The American global tech giant, Microsoft Corporation, is responsible for offering the best browsers, operating systems, and video gaming consoles.
Japan falls slightly below the US in terms of revenue generated from the online gaming market. Gaming is a huge thing in Japan, with the country being considered an innovative leader in tech. This is the primary reason why online gaming is more than just another form of entertainment for the Japanese.
Many consider gaming a transcending culture that does not have any national borders. This is why most Japanese games appeal to the global market, hence the expansion of Japanese companies into other jurisdictions.
The top gaming conglomerates in Japan include Square Enix, Bandai, Konami, Nintendo, Namco, and Sega Sammy. Among the five names, Square Enix is the biggest in online gaming because it’s responsible for creating some of the longest-running action roles in games like Kingdom Hearts, Final Fantasy, and Dragon Quest.
South Korea is one of the most competitive online gaming markets. It is also known for igniting the esports spark. South Korea’s online video gaming sector is worth over a billion dollars. The country’s most popular online games are NC Soft’s Lineage series and Gravity’s Ragnarok Online.
Germany is home to over 45 million active online gamers, making the country Europe’s largest video gaming market. The interesting thing about this market is that online gaming is an imported sector.
Owing to government support, state-of-the-art tech infrastructure, and a brilliant workforce, Germany continues to attract foreign investments in the online gaming industry. Some of the big gaming brands in the country are DPT Entertainment, Deep Silver, and Bigpoint Games.
The United Kingdom
The UK is one of the top European states in the iGaming industry. It is not surprising that some of the big names in the industry have their roots in the UK, and foreign companies are looking to set up branches in the country.
The reason why the UK excels in iGaming is due to the recent explosion of online wagering. In that respect, all credit goes to the UK Gambling Commission, which imposes strict regulatory policies to ensure equality, safety, and equity among punters and iGaming companies.
UK’s famous iGaming developers and operators have also contributed to the country’s dominance in the global market. With several reputable online gaming brands, it becomes easier to access iGaming services.
Sweden might come as a surprise for players who are yet to explore the wagering aspect of online games. For years, Scandinavian countries like Sweden have been taking iGaming a bit more seriously. They are considered the pioneers of the global iGaming, notably pushing for online casino gaming.
A recent survey revealed that about 60% of the Swedes demographic have gambled at least once in an online casino. 33% of the respondents admitted to visiting an online casino site at least once a week.
Technology is one of the driving forces behind the online gaming industry in Sweden. As technology advances, it has become easier for locals and overseas players to access online gaming platforms like casinos, Twitch, and Roblox.