Top 10 Mobile Game Developers in Thai store

Posted by: Theetuch

Posted on: 11/05/2026

We have witnessed intense competition among industry giants releasing Games on App Store and Games on Play Store to capture the hearts of players nationwide. Whether it is MOBA, Battle Royale, or Gacha, each developer has utilized strategies ranging from world-class anime collaborations to creating exclusive skins to drive massive revenue. This article explores the 10 highest-grossing mobile game developers in Thailand and their hit games.

Market Trends of Mobile Game Developers in Thailand

The mobile gaming market in Thailand in 2026 maintains its position as one of the largest in Southeast Asia, with an estimated value exceeding $1.6 billion (approx. 57 billion THB). This growth is supported by affordable high-performance smartphones and extensive 5G coverage. Leading developers are shifting towards the Free-to-Play model alongside driving E-sports ecosystems and influencer partnerships. A notable trend shows that MOBA and Strategy games remain top earners, while Mobile MMORPGs are gaining popularity among players seeking immersive experiences. Additionally, Thai developers have opportunities to grow with government support in the digital economy to establish Thailand as a regional game development hub.

Ranking of Top 10 Mobile Game Developers with the highest revenue in Thailand

1. Garena (SEA Group) – Leader with RoV and Free Fire

Garena remains the No.1 developer in Thailand with flagship Games on App Store like RoV and Free Fire. They generate massive revenue through skin sales and Season Passes while maintaining a strong community through world-class e-sports tournaments held in Thailand.

2. Tencent Games / Level Infinite – Owner of Honor of Kings and PUBG Mobile

After officially launching Honor of Kings (HoK) in Thailand, Tencent captured a significant share of the MOBA market. Combined with steady revenue from PUBG Mobile and TFT Mobile, they are a top-tier developer with high Average Revenue Per User (ARPU).

3. HoYoverse – Gacha Market Leader with Genshin Impact and Honkai: Star Rail

This Chinese developer maintains "console-quality" standards. Genshin Impact and Honkai: Star Rail are their primary revenue engines, with major updates and new characters consistently triggering "spending sprees" among fans.

4. Netmarble – Quality Korean Developer Trusted by Thais

Netmarble excels in turning famous IPs into high-quality mobile games like Solo Leveling: Arise. They also provide several popular Mobile MMORPGs, allowing them to maintain a top position in accumulated revenue.

5. Moonton – Driving the Mobile Legends Craze in Thailand

Mobile Legends: Bang Bang (MLBB) remains a key competitor in the MOBA market. Moonton’s revenue has surged through localized events and brand collaborations, growing its fanbase among teens and working professionals.

6. Paper Games (Infold Games) – The Dark Horse of Love and Deepspace

A major surprise this year, the Otome game Love and Deepspace reached the Top 10 in Thailand, proving the high purchasing power of female gamers in this Niche Market.

7. Supercell – Casual/Strategy Developer with a Loyal Base

With the launch of Squad Busters and major updates to Clash of Clans and Brawl Stars, Supercell maintains excellent cash flow through microtransactions designed for consistent player spending.

8. KONAMI – The King of eFootball

In a football-loving nation like Thailand, eFootball remains a goldmine for KONAMI. As a top developer of Games on Play Store, they earn steady revenue from legendary player card draws every year.

9. FirstFun – Rising Star in 4X Strategy (Last War: Survival)

Last War: Survival became a massive hit through aggressive advertising and a competitive system that attracts "Whales" willing to spend for dominance.

10. PlayPark (Asiasoft) – A Local Favorite Maintaining High Standards

As a major publisher, PlayPark earns steady revenue from legendary titles and new mobile games tailored for Thais with localized service and convenient payment systems.

Factors Driving the Success of Top Game Developers

Localized Marketing

Creating Thailand-exclusive content, using local influencers, and adding Thai cultural items or maps.

Community Management

Strong local support teams and offline events build long-term loyalty.

Accessible Payment Ecosystem

Easy spending through Mobile Banking and TrueMoney lowers the barrier to purchase.

Regular Content Updates

Releasing new Season Passes and events every 2-4 weeks to drive continuous engagement and revenue.

Summary and Future Outlook

The future of the Thai gaming market will focus on "Cross-platform" play and AI-driven personalized promotions. However, Thai gamers often encounter Lag, high Ping, or IP blocks when playing global games.

Pro Tip for Gamers: For a seamless experience, VPN4Games is the ultimate solution. This specialized gaming VPN reduces Ping, fixes lag, and allows you to bypass geo-restrictions to play games globally before anyone else. Whether you play MOBA or Gacha, having VPN4Games ensures your gaming and spending are worth it.