Recently, according to Newzoo, a gaming market research agency, through the analysis of the financial performance of more than 150 listed gaming companies, the agency predicted for the first time that the global gaming market would decline 4.3% year on year in 2022, with a total revenue of 184.4 billion dollars. The agency said that although the current gaming market has a downward trend, the future outlook is still optimistic.

Although the global gaming industry is in a downturn at present, most countries and regions are increasing their support for the gaming industry, and many well-known gaming publishers are also increasing their investment in the gaming industry to promote the development of the gaming industry in various regions.

The European Parliament has passed a resolution on e-sports. The successful adoption of this resolution is a major victory for the European e-sports and video gaming industry, both in terms of legitimacy and funding. Once the strategy is formulated, the enterprise may obtain funds and support from the European Union. At the same time, Germany also announced to provide 70 million euros of support funds for the local gaming industry. In addition, France and Ireland also introduced tax exemption extension and tax credit policies. In addition, Saudi Arabia invested 37.8 billion dollars to develop the gaming industry.

In just half a year, many large gaming publishers, such as Level Infinite, Farlight Games and HoYoverse, have successively launched new brands representing globalization, and the company's headquarters have all chosen to be located in Singapore. In addition, IGG, Yoozoo and other gaming publishers in Singapore in the early years can see that Singapore's appeal to gaming publishers is growing.

Long-term Environment Friendly to the Internet Industry

Singapore is a new center for gaming developers. With the globalization of the gaming industry, gaming developers from all countries can get in touch with the outside world very well. Although Singapore has a small territory, its regulatory and business environment is relatively self owned, which is more suitable for the development of the gaming industry.

Singapore has always emphasized building a country with talents and has established its unique talent training model. Many public and private schools in Singapore provide digital media courses for gaming development, including not only full-time gaming development courses, but also part-time courses for practitioners.

The development of first-class gaming industry is inseparable from first-class digital infrastructure. Singapore's digital infrastructure construction ranks first in Asia, with high-speed national optical broadband and one of the fastest responding 4G networks in the world. It is estimated that the 5G network will cover at least half of Singapore by the end of 2022.

Singapore has attracted many excellent partners related to gaming development and formed a complete cooperation ecosystem. An emerging gaming studio can easily find the resources and partners needed for its entrepreneurship in Singapore.

Gaming Publishers' Preferences Amidst Globalization

It is easy to find that Singapore has long attached importance to the technology industry and spared no effort to develop China's Internet industry. More recently, Singapore's fund has targeted emerging sectors such as cloud gaming, metaverse, and Web3.

In March 2022, Temasek, Tencent and other companies jointly invested US $200 million in the game NFT platform Immutable X; six months later, Temasek led the investment in Well Link, a cloud rendering solution provider, with US $4,000, and Well Link is "Genshin Impact on GeForce" service provider; in November, Temasek and Alibaba, 37 Interactive Entertainment and other companies jointly invested in Metaverse UGC platform YAHAHA.

Singapore has long had a very good attitude towards Internet companies, and the government's long-standing neutrality towards technology and technology has also subtly influenced many Chinese gaming companies, making Singapore the first choice for overseas headquarters.

Singapore mainly uses English everyday, so local gaming users prefer internationalization. According to the data from SensorTower, Mobile Legends: Bang Bang and Lords Mobile reach the top position on the free and best-selling list respectively in 2021. In addition, PUBG Mobile, Genshin Impact, and State of Survival also performed well. Coincidentally, players can enjoy the games mentioned above with redfinger cloud phone. For users who want to save storage to play mobile games, gaming virtual emulator may be an ideal choice.

Business Environment and Development Philosophy Matter

Although Singapore is keen to invest in the Internet, which has attracted many gaming publishers from all over the world, especially from China, the country's Internet development is not strong.

Due to the impact of the epidemic and economic fluctuations, Singapore has become an emerging center for the global gaming industry and the Internet industry. In early November, China and Singapore signed 19 agreements for the better business development of the companies of the two countries, which created good conditions for the development of the gaming industry.

As a large number of Chinese gaming companies are located in Singapore, the development of the local gaming industry is threatened. Although Singapore does not lack talents in the financial and service industries, Singapore's population is very small and cannot meet the needs of gaming publishers for R&D talents.

Singapore has a small population, and it is difficult to accommodate the needs of so many gaming companies for R&D talents. Therefore, the gaming companies currently stationed in Singapore, in addition to recruiting local talents, also recruit specialized foreign talents from China. From a more macro perspective, Germany is an industrial country, Saudi Arabia is an oil-producing country, and Singapore's economic industry is also biased towards finance and trade, but today, they all regard games as a major future investment, whether it is stimulating the economy, providing employment and cultural Going out, the importance of games is being recognized and valued by more and more countries around the world.