Market Forecast By Device (Console, Mobile, Computer), By Type (Online, Offline) And Competitive Landscape
Product Code: ETC012472 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Video Game Market |
Forecast period | 2025-2031 |
CAGR | 18.6% |
Growing Sector | Mobile Gaming |
The Bangladesh Video Game Market report thoroughly covers the market by Device and by Type. The market report provides an unbiased and detailed analysis of the ongoing 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.
The video game market in Bangladesh is a relatively new and emerging industry, with promising growth potential. The rise of internet connectivity and the availability of affordable gaming devices such as smartphones have contributed to the rapid development of this market. With a population of over 160 million people and a median age of 26 years, Bangladesh has a large and young consumer base that is highly receptive to video games.
According to 6Wresearch, the Bangladesh Video Game Market size is expected to grow at a significant CAGR of 18.6% during 2025-2031. The video game market in Bangladesh is expected to experience significant growth in the coming years. Factors such as increasing disposable income, technological advancements, growing internet penetration, and the rising popularity of gaming among the youth population are likely contributing to this projected growth. As the market continues to evolve, we can anticipate new opportunities for game developers, publishers, and other stakeholders within the industry. While the video game market in Bangladesh shows great growth potential, it also faces some challenges. One major challenge is the lack of infrastructure to support more advanced gaming platforms such as consoles and PCs. Additionally, piracy remains a prevalent issue in the country, leading to revenue loss for game developers. However, these challenges also present opportunities for growth and development in the market. As internet connectivity and technology continue to improve in Bangladesh, there is a growing potential for game developers to tap into this untapped market.
Currently, the video game market in Bangladesh is dominated by international players such as Tencent and Supercell. However, there are also local game developers making their mark in the industry. Some notable companies include Grameenphone Game Solution. This company is one of the leading mobile game development companies in Bangladesh, known for popular games such as "Banglafire" and "Chor Police". Additionally, WePlay, a game development studio that focuses on creating educational and entertaining mobile games for children.
The government of Bangladesh has recognized the potential of the video game industry and has taken steps to support its growth. In 2018, the government launched a "Digital Bangladesh" campaign, which aims to promote the use of technology and digital services in all sectors. This includes promoting the development of local games and providing support for game developers. Additionally, in 2020, the government announced its plans to establish a gaming industry park in the country, which will provide infrastructure and resources for game development companies. Along with this, the government has also offered tax incentives for game developers and waived import taxes on gaming equipment. Currently, there are no specific regulations in place for the video game market in Bangladesh. However, the government has taken steps to promote and support the digital economy, which includes the gaming industry. This includes initiatives such as tax incentives for local game developers and organizing gaming events. The government's focus on promoting digital industries also presents opportunities for foreign investors looking to enter the Bangladeshi market. With the support of government initiatives, companies can tap into this growing market and contribute to its development.
As the video game market in Bangladesh continues to grow, there are some key trends that we can expect to see in the future. These include: The rise of mobile gaming: With the increasing popularity of affordable smartphones and internet connectivity, mobile gaming is expected to dominate the market. Localization of games: As local game developers gain traction in the industry, we can expect to see more games that are culturally relevant and targeted toward the Bangladeshi audience. Growth of eSports: With the rise of competitive gaming globally, we can expect to see a similar trend in Bangladesh as well. This will not only attract more players but also create opportunities for event organizers and sponsors. Integration of virtual and augmented reality: As technology continues to advance, we can expect to see an increase in the use of virtual and augmented reality in gaming, providing a more immersive experience for players. As technology continues to evolve, we can expect to see even more growth and innovation in the Bangladesh video game market. It will be exciting to see how this market develops and contributes to the overall digital economy of the country in the years to come.
According to Ravi Bhandari, Research Head, 6Wresearch, the mobile gaming segment is growing at a faster rate compared to console and computer gaming in Bangladesh. This can be attributed to the increasing availability of affordable smartphones and internet connectivity in the country.
In terms of type, online gaming is currently the most popular in Bangladesh. This can be attributed to the increasing internet connectivity and the rise of multiplayer games that require an online connection.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Video Game Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Video Game Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Video Game Market - Industry Life Cycle |
3.4 Bangladesh Video Game Market - Porter's Five Forces |
3.5 Bangladesh Video Game Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.6 Bangladesh Video Game Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Bangladesh Video Game Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Video Game Market Trends |
6 Bangladesh Video Game Market, By Types |
6.1 Bangladesh Video Game Market, By Device |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Video Game Market Revenues & Volume, By Device, 2021 - 2031F |
6.1.3 Bangladesh Video Game Market Revenues & Volume, By Console, 2021 - 2031F |
6.1.4 Bangladesh Video Game Market Revenues & Volume, By Mobile, 2021 - 2031F |
6.1.5 Bangladesh Video Game Market Revenues & Volume, By Computer, 2021 - 2031F |
6.2 Bangladesh Video Game Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Video Game Market Revenues & Volume, By Online, 2021 - 2031F |
6.2.3 Bangladesh Video Game Market Revenues & Volume, By Offline, 2021 - 2031F |
7 Bangladesh Video Game Market Import-Export Trade Statistics |
7.1 Bangladesh Video Game Market Export to Major Countries |
7.2 Bangladesh Video Game Market Imports from Major Countries |
8 Bangladesh Video Game Market Key Performance Indicators |
9 Bangladesh Video Game Market - Opportunity Assessment |
9.1 Bangladesh Video Game Market Opportunity Assessment, By Device, 2021 & 2031F |
9.2 Bangladesh Video Game Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Bangladesh Video Game Market - Competitive Landscape |
10.1 Bangladesh Video Game Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Video Game Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |