INDUSTRY OVERVIEW
The H5 Games market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 10.00% during the forecast period. Valued at 3Billion, the market is expected to reach 6Billion by 2030, with a year-on-year growth rate of 8.00%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.
H5 Games Market Size in (USD Billion) CAGR Growth Rate 10.00%
| Study Period |
2024-2030 |
| Market Size (2019): |
3Billion |
| Market Size (2030): |
6Billion |
| CAGR (2019 - 2030): |
10.00% |
| Fastest Growing Region |
Asia-Pacific |
| Dominating Region |
North America |
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The H5 Games Market refers to the development, distribution, and monetization of HTML5-based games that can be played directly in web browsers without the need for plugins or additional software. These games are accessible across various platforms, including desktop and mobile devices. Innovations include the use of advanced graphics, multiplayer capabilities, and integration with social media platforms for enhanced engagement. Challenges include ensuring cross-platform compatibility and overcoming market saturation. The market is expected to grow as the demand for casual and social games increases, particularly in mobile gaming and browser-based platforms.
Regulatory Framework
The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights
• The H5 Games is growing at a CAGR of 10.00% during the forecasted period of 2024 to 2030
• Year on Year growth for the market is 8.00%
• Based on type, the market is bifurcated into HTML5 mobile games, Instant games, Social games, Casual games
• Based on application, the market is segmented into Mobile gaming, Social media platforms, Instant messaging apps, Online advertising, Casual gaming
• Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Analysis
Segmentation by Type
- HTML5 mobile games
- Instant games
- Social games
- Casual games
H5 Games Market Segmentation by Type
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Segmentation by Application
- Mobile gaming
- Social media platforms
- Instant messaging apps
- Online advertising
- Casual gaming
H5 Games Market Segmentation by Application
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Key Players
Several key players in the H5 Games market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 8.00%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
- Tencent
- King
- Zynga
- Facebook
- GREE
- DeNA
- Nexon
- Gameloft
- Supercell
- Ketchapp
- Miniclip
- Playtika
- Homa Games
- CrossPlatform
H5 Games Market Segmentation by Players
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Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.
Market Dynamics
Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.
Market Driver
- Increasing Mobile Phone Usage
- Growing Demand For Casual And Instant Games
Market Trend
- Integration with social media platforms
- Cloud gaming
- Cross-platform compatibility
Opportunity
- Increasing Mobile Phone Usage
- Growing Demand For Casual And Instant Games
Challenge
- Competition From Native Mobile Apps
- Performance Limitations On Some Devices
- Monetization Challenges
Regional Outlook
The North America Region holds the largest market share in 2019 and is expected to grow at a good CAGR. The Asia-Pacific Region is the fastest-growing region due to increasing development and disposable income.
North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.
The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia-Pacific
Dominating Region
North America
|
Report Features
|
Details
|
|
Base Year
|
2019
|
|
Based Year Market Size (2019)
|
3Billion
|
|
Historical Period Market Size (2024)
|
2.5Billion
|
|
CAGR (2019 to 2030)
|
10.00%
|
|
Forecast Period
|
2025 to 2030
|
|
Forecasted Period Market Size (2030)
|
6Billion
|
|
Scope of the Report
|
HTML5 mobile games, Instant games, Social games, Casual games, Mobile gaming, Social media platforms, Instant messaging apps, Online advertising, Casual gaming
|
|
Regions Covered
|
North America, Europe, Asia Pacific, South America, and MEA
|
|
Year on Year Growth
|
8.00%
|
|
Companies Covered
|
Tencent, King, Zynga, Facebook, GREE, DeNA, Nexon, Gameloft, Supercell, Ketchapp, Miniclip, Playtika, Homa Games, CrossPlatform
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
H5 Games - Table of Contents
Chapter 1: Market Preface
- 1.1 Global H5 Games Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global H5 Games Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global H5 Games Market Business Environment & Changing Dynamics
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3.1 Growth Drivers
- 3.1.1 Increasing mobile phone usage
- 3.1.2 Growing demand for casual and instant games
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3.2 Available Opportunities
- 3.2.1 Increasing mobile phone usage
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3.3 Influencing Trends
- 3.3.1 Integration with social media
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3.4 Challenges
- 3.4.1 Competition from native mobil
- 3.5 Regional Dynamics
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Chapter 4 : Global H5 Games Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of H5 Games Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: H5 Games : Competition Benchmarking & Performance Evaluation
- 5.1 Global H5 Games Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by H5 Games Revenue 2019
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 Strategic Group Analysis
- 5.5 5C’s Analysis
Chapter 6: Global H5 Games Market: Company Profiles
- 6.1 Tencent
- 6.1.1 Tencent Company Overview
- 6.1.2 Tencent Product/Service Portfolio & Specifications
- 6.1.3 Tencent Key Financial Metrics
- 6.1.4 Tencent SWOT Analysis
- 6.1.5 Tencent Development Activities
- 6.2 King
- 6.3 Zynga
- 6.4 Facebook
- 6.5 GREE
- 6.6 DeNA
- 6.7 Nexon
- 6.8 Gameloft
- 6.9 Supercell
- 6.10 Ketchapp
- 6.11 Miniclip
- 6.12 Playtika
- 6.13 Homa Games
- 6.14 CrossPlatform
- 6.15 Voodoo
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Sectional Purchase
Chapter 7 : Global H5 Games by Type & Application (2024-2030)
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7.1 Global H5 Games Market Revenue Analysis (USD Million) by Type (2024-2019)
- 7.1.1 HTML5 Mobile Games
- 7.1.2 Instant Games
- 7.1.3 Social Games
- 7.1.4 Casual Games
- 7.1.5 Hypercasual Games
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7.2 Global H5 Games Market Revenue Analysis (USD Million) by Application (2024-2019)
- 7.2.1 Mobile Gaming
- 7.2.2 Social Media Platforms
- 7.2.3 Instant Messaging Apps
- 7.2.4 Online Advertising
- 7.2.5 Casual Gaming
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7.3 Global H5 Games Market Revenue Analysis (USD Million) by Type (2019-2030)
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7.4 Global H5 Games Market Revenue Analysis (USD Million) by Application (2019-2030)
Chapter 8 : North America H5 Games Market Breakdown by Country, Type & Application
- 8.1 North America H5 Games Market by Country (USD Million) [2024-2019]
- 8.1.1 United States
- 8.1.2 Canada
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8.2 North America H5 Games Market by Type (USD Million) [2024-2019]
- 8.2.1 HTML5 Mobile Games
- 8.2.2 Instant Games
- 8.2.3 Social Games
- 8.2.4 Casual Games
- 8.2.5 Hypercasual Games
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8.3 North America H5 Games Market by Application (USD Million) [2024-2019]
- 8.3.1 Mobile Gaming
- 8.3.2 Social Media Platforms
- 8.3.3 Instant Messaging Apps
- 8.3.4 Online Advertising
- 8.3.5 Casual Gaming
- 8.4 North America H5 Games Market by Country (USD Million) [2020-2030]
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8.5 North America H5 Games Market by Type (USD Million) [2020-2030]
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8.6 North America H5 Games Market by Application (USD Million) [2020-2030]
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Sectional Purchase
Chapter 9 : LATAM H5 Games Market Breakdown by Country, Type & Application
- 9.1 LATAM H5 Games Market by Country (USD Million) [2024-2019]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
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9.2 LATAM H5 Games Market by Type (USD Million) [2024-2019]
- 9.2.1 HTML5 Mobile Games
- 9.2.2 Instant Games
- 9.2.3 Social Games
- 9.2.4 Casual Games
- 9.2.5 Hypercasual Games
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9.3 LATAM H5 Games Market by Application (USD Million) [2024-2019]
- 9.3.1 Mobile Gaming
- 9.3.2 Social Media Platforms
- 9.3.3 Instant Messaging Apps
- 9.3.4 Online Advertising
- 9.3.5 Casual Gaming
- 9.4 LATAM H5 Games Market by Country (USD Million) [2020-2030]
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9.5 LATAM H5 Games Market by Type (USD Million) [2020-2030]
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9.6 LATAM H5 Games Market by Application (USD Million) [2020-2030]
Chapter 10 : West Europe H5 Games Market Breakdown by Country, Type & Application
- 10.1 West Europe H5 Games Market by Country (USD Million) [2024-2019]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
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10.2 West Europe H5 Games Market by Type (USD Million) [2024-2019]
- 10.2.1 HTML5 Mobile Games
- 10.2.2 Instant Games
- 10.2.3 Social Games
- 10.2.4 Casual Games
- 10.2.5 Hypercasual Games
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10.3 West Europe H5 Games Market by Application (USD Million) [2024-2019]
- 10.3.1 Mobile Gaming
- 10.3.2 Social Media Platforms
- 10.3.3 Instant Messaging Apps
- 10.3.4 Online Advertising
- 10.3.5 Casual Gaming
- 10.4 West Europe H5 Games Market by Country (USD Million) [2020-2030]
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10.5 West Europe H5 Games Market by Type (USD Million) [2020-2030]
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10.6 West Europe H5 Games Market by Application (USD Million) [2020-2030]
Chapter 11 : Central & Eastern Europe H5 Games Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe H5 Games Market by Country (USD Million) [2024-2019]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
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11.2 Central & Eastern Europe H5 Games Market by Type (USD Million) [2024-2019]
- 11.2.1 HTML5 Mobile Games
- 11.2.2 Instant Games
- 11.2.3 Social Games
- 11.2.4 Casual Games
- 11.2.5 Hypercasual Games
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11.3 Central & Eastern Europe H5 Games Market by Application (USD Million) [2024-2019]
- 11.3.1 Mobile Gaming
- 11.3.2 Social Media Platforms
- 11.3.3 Instant Messaging Apps
- 11.3.4 Online Advertising
- 11.3.5 Casual Gaming
- 11.4 Central & Eastern Europe H5 Games Market by Country (USD Million) [2020-2030]
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11.5 Central & Eastern Europe H5 Games Market by Type (USD Million) [2020-2030]
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11.6 Central & Eastern Europe H5 Games Market by Application (USD Million) [2020-2030]
Chapter 12 : Northern Europe H5 Games Market Breakdown by Country, Type & Application
- 12.1 Northern Europe H5 Games Market by Country (USD Million) [2024-2019]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
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12.2 Northern Europe H5 Games Market by Type (USD Million) [2024-2019]
- 12.2.1 HTML5 Mobile Games
- 12.2.2 Instant Games
- 12.2.3 Social Games
- 12.2.4 Casual Games
- 12.2.5 Hypercasual Games
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12.3 Northern Europe H5 Games Market by Application (USD Million) [2024-2019]
- 12.3.1 Mobile Gaming
- 12.3.2 Social Media Platforms
- 12.3.3 Instant Messaging Apps
- 12.3.4 Online Advertising
- 12.3.5 Casual Gaming
- 12.4 Northern Europe H5 Games Market by Country (USD Million) [2020-2030]
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12.5 Northern Europe H5 Games Market by Type (USD Million) [2020-2030]
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12.6 Northern Europe H5 Games Market by Application (USD Million) [2020-2030]
Chapter 13 : Southern Europe H5 Games Market Breakdown by Country, Type & Application
- 13.1 Southern Europe H5 Games Market by Country (USD Million) [2024-2019]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
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13.2 Southern Europe H5 Games Market by Type (USD Million) [2024-2019]
- 13.2.1 HTML5 Mobile Games
- 13.2.2 Instant Games
- 13.2.3 Social Games
- 13.2.4 Casual Games
- 13.2.5 Hypercasual Games
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13.3 Southern Europe H5 Games Market by Application (USD Million) [2024-2019]
- 13.3.1 Mobile Gaming
- 13.3.2 Social Media Platforms
- 13.3.3 Instant Messaging Apps
- 13.3.4 Online Advertising
- 13.3.5 Casual Gaming
- 13.4 Southern Europe H5 Games Market by Country (USD Million) [2020-2030]
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13.5 Southern Europe H5 Games Market by Type (USD Million) [2020-2030]
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13.6 Southern Europe H5 Games Market by Application (USD Million) [2020-2030]
Chapter 14 : East Asia H5 Games Market Breakdown by Country, Type & Application
- 14.1 East Asia H5 Games Market by Country (USD Million) [2024-2019]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
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14.2 East Asia H5 Games Market by Type (USD Million) [2024-2019]
- 14.2.1 HTML5 Mobile Games
- 14.2.2 Instant Games
- 14.2.3 Social Games
- 14.2.4 Casual Games
- 14.2.5 Hypercasual Games
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14.3 East Asia H5 Games Market by Application (USD Million) [2024-2019]
- 14.3.1 Mobile Gaming
- 14.3.2 Social Media Platforms
- 14.3.3 Instant Messaging Apps
- 14.3.4 Online Advertising
- 14.3.5 Casual Gaming
- 14.4 East Asia H5 Games Market by Country (USD Million) [2020-2030]
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14.5 East Asia H5 Games Market by Type (USD Million) [2020-2030]
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14.6 East Asia H5 Games Market by Application (USD Million) [2020-2030]
Chapter 15 : Southeast Asia H5 Games Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia H5 Games Market by Country (USD Million) [2024-2019]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
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15.2 Southeast Asia H5 Games Market by Type (USD Million) [2024-2019]
- 15.2.1 HTML5 Mobile Games
- 15.2.2 Instant Games
- 15.2.3 Social Games
- 15.2.4 Casual Games
- 15.2.5 Hypercasual Games
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15.3 Southeast Asia H5 Games Market by Application (USD Million) [2024-2019]
- 15.3.1 Mobile Gaming
- 15.3.2 Social Media Platforms
- 15.3.3 Instant Messaging Apps
- 15.3.4 Online Advertising
- 15.3.5 Casual Gaming
- 15.4 Southeast Asia H5 Games Market by Country (USD Million) [2020-2030]
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15.5 Southeast Asia H5 Games Market by Type (USD Million) [2020-2030]
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15.6 Southeast Asia H5 Games Market by Application (USD Million) [2020-2030]
Chapter 16 : South Asia H5 Games Market Breakdown by Country, Type & Application
- 16.1 South Asia H5 Games Market by Country (USD Million) [2024-2019]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
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16.2 South Asia H5 Games Market by Type (USD Million) [2024-2019]
- 16.2.1 HTML5 Mobile Games
- 16.2.2 Instant Games
- 16.2.3 Social Games
- 16.2.4 Casual Games
- 16.2.5 Hypercasual Games
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16.3 South Asia H5 Games Market by Application (USD Million) [2024-2019]
- 16.3.1 Mobile Gaming
- 16.3.2 Social Media Platforms
- 16.3.3 Instant Messaging Apps
- 16.3.4 Online Advertising
- 16.3.5 Casual Gaming
- 16.4 South Asia H5 Games Market by Country (USD Million) [2020-2030]
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16.5 South Asia H5 Games Market by Type (USD Million) [2020-2030]
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16.6 South Asia H5 Games Market by Application (USD Million) [2020-2030]
Chapter 17 : Central Asia H5 Games Market Breakdown by Country, Type & Application
- 17.1 Central Asia H5 Games Market by Country (USD Million) [2024-2019]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
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17.2 Central Asia H5 Games Market by Type (USD Million) [2024-2019]
- 17.2.1 HTML5 Mobile Games
- 17.2.2 Instant Games
- 17.2.3 Social Games
- 17.2.4 Casual Games
- 17.2.5 Hypercasual Games
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17.3 Central Asia H5 Games Market by Application (USD Million) [2024-2019]
- 17.3.1 Mobile Gaming
- 17.3.2 Social Media Platforms
- 17.3.3 Instant Messaging Apps
- 17.3.4 Online Advertising
- 17.3.5 Casual Gaming
- 17.4 Central Asia H5 Games Market by Country (USD Million) [2020-2030]
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17.5 Central Asia H5 Games Market by Type (USD Million) [2020-2030]
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17.6 Central Asia H5 Games Market by Application (USD Million) [2020-2030]
Chapter 18 : Oceania H5 Games Market Breakdown by Country, Type & Application
- 18.1 Oceania H5 Games Market by Country (USD Million) [2024-2019]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
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18.2 Oceania H5 Games Market by Type (USD Million) [2024-2019]
- 18.2.1 HTML5 Mobile Games
- 18.2.2 Instant Games
- 18.2.3 Social Games
- 18.2.4 Casual Games
- 18.2.5 Hypercasual Games
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18.3 Oceania H5 Games Market by Application (USD Million) [2024-2019]
- 18.3.1 Mobile Gaming
- 18.3.2 Social Media Platforms
- 18.3.3 Instant Messaging Apps
- 18.3.4 Online Advertising
- 18.3.5 Casual Gaming
- 18.4 Oceania H5 Games Market by Country (USD Million) [2020-2030]
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18.5 Oceania H5 Games Market by Type (USD Million) [2020-2030]
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18.6 Oceania H5 Games Market by Application (USD Million) [2020-2030]
Chapter 19 : MEA H5 Games Market Breakdown by Country, Type & Application
- 19.1 MEA H5 Games Market by Country (USD Million) [2024-2019]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
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19.2 MEA H5 Games Market by Type (USD Million) [2024-2019]
- 19.2.1 HTML5 Mobile Games
- 19.2.2 Instant Games
- 19.2.3 Social Games
- 19.2.4 Casual Games
- 19.2.5 Hypercasual Games
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19.3 MEA H5 Games Market by Application (USD Million) [2024-2019]
- 19.3.1 Mobile Gaming
- 19.3.2 Social Media Platforms
- 19.3.3 Instant Messaging Apps
- 19.3.4 Online Advertising
- 19.3.5 Casual Gaming
- 19.4 MEA H5 Games Market by Country (USD Million) [2020-2030]
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19.5 MEA H5 Games Market by Type (USD Million) [2020-2030]
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19.6 MEA H5 Games Market by Application (USD Million) [2020-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
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21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
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21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
