Global Online Gaming Report Indicates Expansion

Published Tuesday, May 15, 2012 - Online-Casinos.com

A recent report by Business Wire indicted in the Global Online Gaming Report for 2012 that the market is on the upswing. Www.researchandmarkets.com has added the report to their offerings as of May 15 2012. The "Global Online Gaming Report 2012" has Hamburg-based secondary market research firm yStats.com providing a detailed account of the global online gaming market, without accounting for global online gambling. In addition to the global market, markets in 19 individual countries in various regions are highlighted.

Revenue generated in the online gaming market continues to increase worldwide - it is predicted to grow annually by more than ten per cent in the period from 2010 to 2016. A significant trend in this sector is Massively Multiplayer Online Games (MMOGs). In 2011, MMOGs were especially popular in Brazil Russia India and China with the US market continuing to mature, while there is still potential for growth in emerging markets. In 2011, the share of paying casual and social gamers compared to all gamers worldwide was the highest in Asia, followed by emerging markets and the USA.

The many implications for online gambling are clear as online gamers are frequent customers of online gambling sites. Some of the key findings of the global survey are reported. Global online gaming revenue is expected to increase by more than 10% annually between 2010 and 2016 and social gaming in the US was expected to spread further in 2011, with more than 40% of total Internet users playing social games. Surprisingly almost one-fifth of total gaming time in the UK was spent on Social Networks in 2011, followed by Casual Games and only surpassed by Console Games.

The online and mobile games market in Germany is expected to almost double between 2010 and 2015 and the social game market in Japan is expected to grow, increasing by a third between 2011 and 2012. South Korea which has some of the fasted internet connections in the world has a major problem with gaming addiction where more than half of all inhabitants played online games in 2011.

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