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Gaming soars in Southeast Asia, and local developers follow

ASEAN is considered the most potential market for gaming industry thanks to the rapid penetration of smartphones. People in Yangon use smart phones while they are waiting for the train. (Photo by Ken Kobayashi)

SINGAPORE -- Southeast Asia is the world's fastest-growing gaming market, as the expanding middle class becomes increasingly reliant on mobile devices, a research company reported recently.

     Newzoo, based in the Netherlands, estimates compound annual growth of 28.8% for 2013 to 2017 in Southeast Asia's gaming market, including console, online and mobile games. This exceeds projections for other emerging regions such as Latin America at 14.2% and eastern Europe at 14.7%.

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