If you are thinking of starting your business in Thailand, Gaming Industry can be a very promising one. It has the potential to yield high returns on your investments. This is not us, but the data and statistics which are claiming so. Let us take a brief walkthrough of it –
- There are about 27 million video gamers in Thailand who proactively engage themselves in the purchase, upgrade and engagement in the games they like.
- The video gaming industry is having a revenue projection of US$54 million in 2021.
- The average number of downloads for Thai-published games is over 400,000, indicating that they are doing well in the market.
- The user penetration figure can be 7.2 per cent in 2021. It can go even higher to 8.4 per cent by 2025.
- Revenue can increase at a 9.7% annual rate over the next five years (CAGR 2021-2025), resulting in a market volume of US$78 million by 2025.
Thailand may not be the first country that comes to mind when discussing mobile or internet gaming. Thailand, on the other hand, is a rising force in the gaming business. Estimation states 27 million video gamers and an income of $54 million from online games in 2021.
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Over the years, Thais have become known for their quick creation of new game production companies. On Google Play, there are approximately 531 Thai publishers. Whereas, 1,684 Thai-published games available for download. Soccer Super Star, City Coach Bus Simulator, and Happy Fishing Ground are among the most popular games from Thai publishers.
So, be it in terms of active gamers, projected revenue, CAGR, user penetration or the number of downloads, the Thai market exhibits above average potential in supporting your business to sustenance.
Several Thai gaming firms, both online and offline, will be present at G2E Asia summit. It demonstrates how significant the gaming industry is in Thailand across various gaming verticals.
Although the casino industry faces legal challenges, the most important impediment to the growth of video and social gaming in Thailand. It appears to be the impression that playing these games is a form of childish indulgence.
So are you willing to start your business in Thailand? We can help you with the best process and practices to serve you the needful. For any requirement related to company registration, accounting & bookkeeping, legal issues, feel free to drop in a mail at [email protected]
