Pc Gaming Hardware Market in South Korea
Today, we're going to introduce BlockXen, a programmer of an innovative portable gaming device. Let's hear from company CEO Park Jae-woo.
Afterward finishing graduate schoolhouse, I set upwardly BlockXen in 2018 with some of my friends in the hopes of creating something innovative, based on our software and security technology, and commercializing it so we can brand a profit and provide convenience to people. The gaming hardware industry has not been developed much in South korea. We wondered how to make a gaming system that would fit for the network environment of South Korea. We then decided to produce a portable gaming device using the new engineering of stream gaming.
BlockXen is developing a gaming machine called "Deject Gear." While talking with his friends who are fond of games, Park found himself wondering why in that location isn't a lot of gaming hardware, though so many people love games in South Korea. He too wondered why he couldn't discover whatsoever game panel representing Southward Korea, which is the powerhouse of electronic goods, information engineering and games, in particular.
These questions led to the development of a game console that would be perfect for the local market.
Cloud Gear is based on game streaming technology. Using this device, people can play games from anywhere and remotely---games that they have installed in their computers or private home consoles like Sony'south PlayStation. These days, many people prefer to stay at home, for fear of the spread of COVID-nineteen. Actually, playing games on your the bed, peculiarly large-scale ones, is harder than you lot would think. But Deject Gear will let gamers to bring any game to their beds, or anywhere they desire for that matter, and fully enjoy it. They'll feel as if they opened a PC in their very hands.
The gaming market has long been dominated by PC and mobile games. But console and cloud games accept speedily grown lately, influenced by contact-gratis civilization driven by the COVID-xix pandemic and subsequent changes in the Information technology environment. With "social distancing" becoming the norm, the number of people looking for console games has increased sharply. Some game machines are difficult to get fifty-fifty at a premium, as they are in short supply. Having read this tendency, global companies similar Sony and Microsoft have announced their plans to release next-generation gaming consoles. Major game firms in Korea, including Nexon, NCSOFT and Netmarble, are developing new games for console devices.
Deject games are besides drawing a lot of attention. Cloud games are run remotely from a file sharing cloud, with gaming information stored in virtual space streamed to a user'due south device. Three major mobile carriers in South korea are eyeing cloud-based games equally the "killer content" of the 5G era. BlockXen predicted how demand and supply would change in the gaming market and decided to develop a game panel using cloud streaming.
The global gaming market has grown more than 10 percent each year, with its value reaching 151 billion U.s. dollars in 2019. In line with the tendency, the game panel market is expanding too. Due the prevalence of PC rooms in South korea, people may not actually feel that the share of PC-based games in the gaming marketplace has decreased little by little. In dissimilarity, mobile games and gaming hardware or consoles have increased their portion in the market. Portable game machines, in particular, have never seen their share in the gaming hardware marketplace autumn beneath twoscore per centum since 2008. Nosotros're riding on this very encouraging growth tendency.
Young officials of the company, including Park, previously didn't have the slightest idea of what running a business would be similar. Information technology was far from piece of cake for them to develop an innovative portable game machine, armed only with the enthusiasm for gaming. They had to overcome financial difficulties and better engineering science on their own. They also confronted the negative public perception about gaming. But the visitor's relentless efforts to tide over the difficulties led to the evolution of a game console that is clearly different from its alternatives.
There are, in fact, many portable game machines available on the market. Simply most game devices produced past big companies run games exclusively on their own platform. That means gamers take to buy expensive hardware if they desire to play certain games, rather than access any entertainment content through one device. Our price-constructive product, on the other manus, allows users to play games they have collected in their PCs beforehand. It can run sometime games and the latest ones through streaming services besides. Other than products from large companies, China provides depression-end models priced at around 100 US dollars to explore the global market place. We spotted a gap between those produced by major firms and Chinese firms in the market place, and target that niche market.
BlockXen's Cloud Gear can run cloud-based games using streaming applied science. Users of this device will also find that former games were brought to modern hardware then they can enjoy the games without the Cyberspace. And information technology goes beyond the realm of a game console by allowing users to shop cartoons or movies and lookout man them. This multi-purpose entertainment device is developed past CEO Park Jae-woo and chief technology officer Lee Sang-min. In fact, the two young men's dream was to become inventors, non businessmen.
In the short term, our goal is to release a new South Korean gaming device for the local market, a barren land for gaming hardware. Over the long term, nosotros aim to explore other areas such as streaming and network and deploy new products on a commercial scale. In doing and then, nosotros promise to achieve innovation equally young inventors. By the finish of 2020, BlockXen volition hopefully exist mentioned by many people as a promising startup run by inventors.
BlockXen's Cloud Gear is expected to make an advent in the course of crowdfunding nether the Seoul Business organization Agency'southward technology support project. We hope the new device volition have root in the market successfully and help Korea become rid of its dishonorable label equally a barren state for gaming hardware.
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