{"id":587,"date":"2023-04-25T07:08:53","date_gmt":"2023-04-25T07:08:53","guid":{"rendered":"https:\/\/casinosenligne.com\/en\/?p=587"},"modified":"2023-04-25T07:08:53","modified_gmt":"2023-04-25T07:08:53","slug":"china-has-the-fastest-growing-gaming-industry-in-the-world-revenue-to-grow-by-a-cagr-of-10-between-2022-and-2027-and-hit-150b","status":"publish","type":"post","link":"https:\/\/casinosenligne.com\/en\/news\/china-has-the-fastest-growing-gaming-industry-in-the-world-revenue-to-grow-by-a-cagr-of-10-between-2022-and-2027-and-hit-150b\/","title":{"rendered":"China has the Fastest-Growing Gaming Industry in the World; Revenue to Grow by a CAGR of 10% Between 2022 and 2027 and hit $150B"},"content":{"rendered":"

China’s end to government restrictions on video games brought life back into the country’s battered industry, which lost 66 million users and over $6.5bn in revenue last year. Although economic headwinds and remaining restrictions on some content might limit the extent of the recovery, the world’s gaming capital will still see much bigger revenue growth than other top gaming markets.<\/p>\n

According to data presented by CasinosEnLigne.com<\/a>, as the fastest-growing video games industry in the world, China will see its gaming revenues rise by an average growth rate of 10% in the next four years.<\/p>\n

China’s Gaming Sector to Gross Over $150B by 2027, 17% more than the US Market<\/strong><\/h3>\n

Beijing’s restrictions, aimed at fighting against gaming addiction among youth and removing content the government didn’t approve, caused a major hit to the once-booming industry. The gaming companies had to delete all violent content and games celebrating wealth or promoting celebrities. At the same time, the government imposed new tighter rules restricting playing times for minors. This sent Chinese gaming revenues tumbling almost 7% last year, the first decline since figures became available in 2003.<\/p>\n

Still, as the crackdown eases, China’s gaming sector is returning to where it stood before 2022. According to Statista Advertising & Media Market Insights, the video games industry in China is forecast to grow by an average growth rate of 10% between 2022 and 2027, with revenues rising from $93.5bn to $150.3bn. The country’s mobile games market will see the biggest growth, with revenues surging from $68.6bn to $108.4bn, or 58% in this period.<\/p>\n