Market Forecast By Device (Console, Mobile, Computer), By Type (Online, Offline) And Competitive Landscape
Product Code: ETC012469 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Philippines Video Game Market |
Forecast period | 2025-2031 |
CAGR | 5.7% |
Growing Sector | Entertainment |
Philippines Video Game Market report thoroughly covers the market by device and by type. The market outlook 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.
Philippines Video Game Market is experiencing rapid growth, fueled by an increasing young population with high internet penetrance and a growing middle class with disposable income for entertainment. Mobile gaming leads the sector, thanks to widespread smartphone use and the availability of a variety of games that cater to diverse interests. The country has also seen a surge in eSports, with competitive gaming becoming a popular form of entertainment and occupation.
According to 6Wresearch, the Philippines Video Game Market size is anticipated to grow at a CAGR of 5.7% during the forecast period of 2025-2031. The video game market in the Philippines is expanding rapidly, driven by the country's young and tech-savvy population. Recent trends indicate a growing affinity for e-sports and multiplayer online battle arena games which have cultivated strong communities, as well as interest in streaming and content creation. However, this burgeoning market faces challenges such as piracy, inadequate infrastructure, and intermittent internet connectivity problems that can impede seamless gaming experiences. Nonetheless, opportunities abound as local developers gain recognition for creating culturally resonant games, and as the government begins to recognize gaming's potential contribution to the digital economy, there is a movement towards better infrastructural investments and legal frameworks to support this creative industry.
The Philippines has recognized the growth potential of its video game market and has implemented policies and schemes to support its development. These include tax incentives for tech start-ups and investments in educational programs aimed at nurturing talent for game development and programming. For instance, the Philippine government has launched the Digital Careers Act, aimed at fostering a highly-skilled workforce that can contribute to the country's competitive gaming industry.
Among the key players in the Philippines Video Game Industry are local game development studios like Secret 6 and Synergy88, which have made significant contributions to both the local and international gaming scenes. International giants like Ubisoft have also established a presence in the Philippines, further bolstering the growth of the sector.
The Philippines Video Game Market Growth is substantially proliferating, with projections indicating increased revenue generation and job creation. The rise of mobile gaming and the increasing accessibility of the internet across the archipelago suggest that more Filipino gamers will engage in gaming, thereby expanding the market. Additionally, partnerships between educational institutions and gaming companies are likely to produce a new generation of skilled game developers, promising an innovative and exciting future for the Philippines video game industry.
According to Rachit, Senior Research Analyst, 6Wresearch, the Mobile gaming is forecast to dominate the Philippines Video Game Market Share due to the ubiquity of smartphones, along with improved mobile internet accessibility. Affordable mobile data plans and a rich ecosystem of free-to-play games continue to drive this trend in the country.
By Type, online gaming segment is witnessing growth, mainly due to the social aspect of gaming that favors multiplayer environments and the country's increasing internet penetration.
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 Philippines Video Game Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Video Game Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Video Game Market - Industry Life Cycle |
3.4 Philippines Video Game Market - Porter's Five Forces |
3.5 Philippines Video Game Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.6 Philippines Video Game Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Philippines Video Game Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Video Game Market Trends |
6 Philippines Video Game Market, By Types |
6.1 Philippines Video Game Market, By Device |
6.1.1 Overview and Analysis |
6.1.2 Philippines Video Game Market Revenues & Volume, By Device, 2021-2031F |
6.1.3 Philippines Video Game Market Revenues & Volume, By Console, 2021-2031F |
6.1.4 Philippines Video Game Market Revenues & Volume, By Mobile, 2021-2031F |
6.1.5 Philippines Video Game Market Revenues & Volume, By Computer, 2021-2031F |
6.2 Philippines Video Game Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Video Game Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Philippines Video Game Market Revenues & Volume, By Offline, 2021-2031F |
7 Philippines Video Game Market Import-Export Trade Statistics |
7.1 Philippines Video Game Market Export to Major Countries |
7.2 Philippines Video Game Market Imports from Major Countries |
8 Philippines Video Game Market Key Performance Indicators |
9 Philippines Video Game Market - Opportunity Assessment |
9.1 Philippines Video Game Market Opportunity Assessment, By Device, 2021 & 2031F |
9.2 Philippines Video Game Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Philippines Video Game Market - Competitive Landscape |
10.1 Philippines Video Game Market Revenue Share, By Companies, 2024 |
10.2 Philippines Video Game Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |