What Has Been the Growth Trajectory of the Mobile Gaming Market?
The mobile gaming market has seen considerable growth due to a variety of factors.
• The size of the mobile gaming market has seen a rapid surge in the previous years. The forecasts predict that it will expand from a figure of $146.33 billion in 2024 to a whopping $166.64 billion in 2025, projecting a compound annual growth rate (CAGR) of 13.9%.
The significant increase during the historic period can be credited to the widespread use of smartphones and mobile devices, advancements in the technology of mobile graphics and processing power, constant connectivity through mobile networks, and the popularity of casual and hyper-casual games.
How Will The Mobile Gaming Market Size Evolve In The Foreseeable Future?
The mobile gaming market is expected to maintain its strong growth trajectory in upcoming years.
• The scale of the mobile gaming industry is predicted to experience surging expansion in the forthcoming years. It is forecasted to escalate to $336.57 billion by 2029, leveraging a compound annual growth rate (CAGR) of 19.2%.
The growth anticipated in this forecast period is largely due to factors such as the popularity of e-sports and competitive mobile gaming, the advent of cross-platform gaming and emphasis on sustainability and environmental measures. Top trends for this forecast period encompass the inclusion of artificial intelligence (AI), the debut of app stores and digital distribution mechanisms, revenue generation models like in-app purchases, the rise of competitive mobile gaming and e-sports, along with the incorporation of social elements.
What Are The Essential Drivers Behind The Growth Of The Mobile Gaming Market?
The proliferation of smartphones is projected to fuel the expansion of the mobile gaming industry. Numerous factors such as expanding web connectivity, social media use, communication ease, affordable improved-feature mobile devices, social prestige, growing income, and phone dependency, contribute to the surge in smartphone use. The mounting presence of smartphones is likely to generate substantial demand for mobile gaming, given its widespread use in gaming and leisure time. For instance, Uswitch Limited, a Financial Conduct Authority from UK, reported in February 2023 that the UK had 71.8 million smartphones at the start of 2022, reflecting a 3.8% (approximately 2.6 million) rise from 2021. The organization further predicted that by 2025, out of the 68.3 million UK population, 95% (nearly 65 million individuals) will be smartphone owners. This growth in smartphone penetration points towards the potential surge in the mobile gaming market.
What Are The Core Segments Of The Globa Mobile Gaming Market?
The mobile gaming market covered in this report is segmented –
1) By Device Type: Smartphone, Smartwatch, PDA, Tablet, Other Devices Types
2) By Operating System: Android, iOS, Windows, Other Operating Systems
3) By Genre: Action And Adventure, Arcade, Roleplaying, Sports, Other Genres
4) By Subscription: Free, Premium
Subsegments:
1) By Smartphone: iOS Devices, Android Devices
2) By Smartwatch: Apple Watch, Android Wear Smartwatches
3) By PDA (Personal Digital Assistant): Legacy PDAs, Hybrid Devices
4) By Tablet: iOS Tablets (iPad), Android Tablets, Windows Tablets
5) By Other Device Types: Handheld Consoles, Portable Gaming Devices, VR (Virtual Reality) Headsets
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Which Emerging Trends Are Reshaping The Mobile Gaming Market Size?
The mobile gaming market is noticing a significant advancement in technology, with the key trend being the incorporation of augmented reality (AR) and virtual reality (VR) technologies for a more immersive gaming experience. VR offers a computer-generated setting with seemingly real objects and scenes, while AR merges real-world setting with virtual elements. VR provides gamers with an alternative gaming environment through VR goggles, deviating from reality. Conversely, AR modifies and amplifies specific elements of a gamers' current environment rather than transporting them elsewhere. To fortify their market position, major companies are emphasizing on offering mobile games equipped with advanced technology. For example, in April 2022, Meta (previously known as Facebook), an American tech company, launched a VR version of Ghostbusters at the Meta Quest Gaming presentation. This version enables gamers to chase, shoot, and trap ghosts within the Ghostbusters universe in both single-player and multiplayer modes.
Who Are the Key Players in the Mobile Gaming Market?
Major companies operating in the mobile gaming market include:
• Apple Inc.
• Google LLC
• Microsoft Corporation
• Tencent Holdings Limited
• NetEase Inc.
• Nintendo Co Ltd.
• Bandai Namco Entertainment Inc.
• Activision Blizzard Inc
• Electronic Arts Inc
• CyberAgent Inc
• Take-Two Interactive Software Inc.
• Square Enix Holdings Co Ltd.
• Zynga Inc.
• King Digital Entertainment Limited
• Roblox Corporation
• Ubisoft Entertainment SA
• Supercell Oy
• Playrix Holding Ltd
• Niantic Inc.
• GungHo Online Entertainment Inc
• GLU Mobile Inc.
• Voodoo SAS
• Gameloft SE
• Jam City Inc.
• Rovio Entertainment Corporation
• Machine Zone Inc.
• Miniclip SA
• Juego Studios LLP
What are the Regional Insights into the Mobile Gaming Market?
Asia-Pacific was the largest region in the mobile gaming market in 2024. The regions covered in the mobile gaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
