Latest 2023 Development of Nigeria Online Gaming Market

Nigeria Online Gaming Market has seen significant growth with rapidly growing population of gamers. There have been several new developments which include the release of new games catering to the diverse interests of gamers. These include both local and international titles, covering a wide range of genres including action, strategy, and sports. With the rapid growth, there has been increased investment from both local and international investors which led to the launch of new gaming companies and the expansion of existing ones. Mobile gaming has become increasingly popular in Nigeria, with many new mobile games being released and existing ones being optimized. 

The government has recognized the potential of the online gaming industry and has taken initiatives to support its growth which includes the establishment of a regulatory framework, the creation of tax incentives for the industry, and the promotion of the industry. The esports industry is also growing rapidly in Nigeria as new tournaments and events being organized on a regular basis. These developments and projects are helping to drive the growth of the online gaming market in Nigeria and positioning the country as a major player in the global gaming industry.

Nigeria Online Gaming Market Synopsis

Nigeria Online Gaming market report thoroughly covers the market by Game Type and key Regions. The Nigeria Online Gaming market outlook report provides an unbiased and detailed analysis of the ongoing Nigeria Online Gaming market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Online Gaming market is expected to witness significant growth in the coming time zone on the back of an increase in the big tech giants and evolution in technology underpinned by the creation of affordable smartphones which have been proven evident in framing the competitive market landscape of online gaming in Nigeria and is expected to bring in bountiful opportunities for sound market growth for the game developers. Nigeria online gaming market is expected to witness a double-digit revenue growth in the coming time zone on the back of the rising growth of young aged aspirations for video gaming which is leading to a rise in the growth of the average human spending per week on gaming consoles and is expected to support sound growth of the Nigeria online gaming market in the coming timeframe. With deeper internet penetration and growth in the telecom infrastructure in the country, Nigeria is paving way for a technology-driven and agile gaming platform in the country which is expected to be a growth proliferator for the Nigeria online gaming market soon.

According to 6Wresearch, Nigeria Online Gaming Market size is anticipated to register growth during 2021-2027. Nigeria online gaming market is projected to witness impressive growth during the forecast period 2021-26F on the back of the increase in the growth of cloud-based platforms with the growing digital era in the country. The mobile gaming segment is estimated to shape the market landscape underpinned by rising mobile penetration in the country with the growing young population rate in the years ahead. Further, the growing digital era has opened up new frontiers for entertainment and has led to the increasing replacement of online games with traditional games which further helps to achieve substantial growth of Nigeria online gaming market in the upcoming six years.

COVID-19 Impact on Nigeria Online Gaming Market

The outbreak of the global COVID-20 pandemic has led to an increase in the swashbuckling growth of the Nigeria online gaming market. As the nations go on lockdown in order to win the bid to combat the spread of the novel coronavirus, interest in online gaming has also arisen. The increase in the time spent at home has led to an increase in the interest of the population towards leisure time activities and is expected to lead to a plummeting demand for online gaming to be deployed at the consumer end. The resultant of which would be an increase in the supplement growth of the Nigeria Online Gaming market in the coming time zone.

Amid the spread of the novel coronavirus, the keen interest of the Arab population has been shifted towards online gaming which has kept the world connected over one platform despite the pandemic. Nigeria online gaming market is expected to witness a double-digit revenue growth in the coming time zone on the back of the rising growth of young aged aspirations for video gaming which is leading to a rise in the growth of the average human spending per week on gaming consoles and is expected to support sound growth of the Nigeria online gaming market in the coming timeframe. As game creators are working towards the use of Arabic language in gaming bots, since Arabic is one of the top five spoken languages across the world, and this is hence anticipated to open up an untapped opportunity in the Nigeria online gaming market soon.

Market Analysis by Game Type

On the basis of game type, the smartphone is expected to acquire a major share during the upcoming years on account of the proliferation of mobile technology. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020.
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Online Gaming Market Overview
• Nigeria Online Gaming Market Outlook
• Nigeria Online Gaming Market Forecast
• Historical Data of Nigeria Online Gaming Market Revenues for the Period 2017-2020
• Nigeria Online Gaming Market Size and Nigeria Online Gaming Market Forecast of Revenues, Until 2027
• Historical Data of Nigeria Online Gaming Market Revenues, by Game Type, for the Period 2017-2020
• Market Size & Forecast of Nigeria Online Gaming Market Revenues, by Game Type, Until 2027
• Historical Data of Nigeria Online Gaming Market Revenues, by Regions, for the Period 2017-2020
• Market Size & Forecast of Nigeria Online Gaming Market Revenues, by Regions, Until 2027
• Market Drivers and Restraints
• Nigeria Online Gaming Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Nigeria Online Gaming Market Share, By Players
• Nigeria Online Gaming Market Share, By Regions
• Nigeria Online Gaming Market Overview on Competitive Benchmarking

Markets Covered

The Nigeria Online Gaming Market report provides a detailed analysis of the following market segments:

By Game Type:

• Console
• Tablet
• Smartphone
• Browser PC
• Box PC
• Downloaded

Frequently Asked Questions About the Market Study: FAQs

1. Which segment based on Game type is expected to acquire the major share in the overall market?

On the basis of game type, the smartphone is expected to acquire a major share during the upcoming years on account of the proliferation of mobile technology. 

2. What is the impact of COVID-19 on Nigeria Online Gaming Market?

The outbreak of the global COVID-20 pandemic has led to an increase in the swashbuckling growth of the Nigeria online gaming market. As the nations go on lockdown in order to win the bid to combat the spread of the novel coronavirus, interest in online gaming has also arisen. The increase in the time spent at home has led to an increase in the interest of the population towards leisure time activities and is expected to lead to a plummeting demand for online gaming to be deployed at the consumer end.

3. What is the factor behind the significant growth of Nigeria Online Gaming Market?

Nigeria Online Gaming market is expected to witness significant growth in the coming time zone on the back of an increase in the big tech giants and evolution in technology underpinned by the creation of affordable smartphones which have been proven evident in framing the competitive market landscape of online gaming in Nigeria.

4. What is the study period of the report?

The study period of the report is 2021-2027.