Shorooq Partners: The MENAP market will grow to $2.8 billion by 2026
Expected low double-digit growth numbers are higher than in most world regions.
Newzoo presents market figures; for mobile projects - data.ai. MENAP stands for the Middle East, Africa, and Pakistan markets.
As of 2022, the MENAP market was valued at $1.8 billion. By 2026, it is forecasted to reach $2.8 billion. The average annual growth rate is 10%.
It is projected that the number of players will also actively increase - from 67.4 million in 2022 to 87.3 million in 2026. This is approximately a 5% annual growth.
Strategies ($374.1 million revenue from IAP), shooters ($270.5 million revenue from IAP), RPGs ($168.6 million revenue from IAP) - are the most popular genres in the MENAP region.
In the incubators of the MENAP region over the past year, there were more than 150 gaming companies. They attracted $10 million and earned around $4 million.
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Out of the 150 startups, 43.2% are gaming studios; 24.8% are developers of Web3 games; 20.8% are creators of gaming software and platforms.