Trivia Games - South Korea
South Korea- The Trivia Games market in South Korea is expected to see significant growth in the coming years.
- According to projections, the total revenue in this market is set to reach US$2.12m in 2022.
- This indicates a promising future for the industry.
- Furthermore, it is anticipated that the market will experience an annual growth rate of 6.98% from 2022 to 2027, resulting in a projected market volume of US$2.88m by 2027.
- This steady growth is a positive sign for the Trivia Games market.
- Looking at the different revenue sources within this market, in-app purchase (IAP) revenue is projected to reach US$1.56m in 2022.
- This indicates that users are willing to spend on in-app purchases to enhance their gaming experience.
- Paid app revenue, on the other hand, is projected to reach US$165.50k in 2022.
- This suggests that there is a market for paid Trivia Games market apps in South Korea, indicating a willingness among users to pay for premium content.
- Advertising revenue in the Trivia Games market is also expected to grow, with projections indicating a revenue of US$386.80k in 2022.
- This highlights the potential for advertisers to reach a wide audience through these games.
- In terms of user engagement, the number of downloads in the Trivia Games market is projected to reach 9.01m downloads in 2022.
- This showcases the popularity of these games among South_Korean users.
- Currently, the average revenue per download is expected to amount to US$0.23.
- This metric demonstrates the revenue generated per individual download, indicating the potential profitability of the market.
- In a global comparison, it is noteworthy that United States generates the most revenue in the Trivia Games market.
- Projections indicate a revenue of US$74.15m in 2022, highlighting the dominance of the US market in this segment.
- Overall, the Trivia Games market in South Korea shows great potential for growth, with various revenue streams contributing to its success.
- The projected revenue figures and download numbers indicate a thriving market that is expected to continue expanding in the coming years.
Definition:
Trivia game apps ask users questions that need to be answered correctly in order to earn points. They are based on real-life trivia game shows such as Family Feud. A popular trivia game app is Trivia Crack, which asks questions about a variety of subjects such as history, geography, and science. Sporcle also provides different kinds of quizzes, many of them created by contributors, such as asking users to identify countries on a European map or list all the species of the original Pokémon.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
