Mobile games stood out at the beginning of 2010 as smartphone and mobile network technologies started to evolve. The increase in the proliferation of smartphones and improved internet access in countries around the world continue to increase the trend towards mobile games.
High-tech smartphones are now easily available and cheaper than they used to, resulting in a sharp increase in mobile gamers. This trend is more pronounced in rapidly developing countries such as India, China, and also Mexico. More smartphone users, the increase in cross-platform applications and games, improvements in mobile internet infrastructure and mobile hardware (transition to 5G) will also contribute to growth. Mobile games that allow gamers to play their games anywhere, allow a large number of gamers to transition from console-based games to a small-screen focused gaming experience.
Global mobile games market to reach $139.5 billion by 2026
In the midst of the COVID-19 crisis, the global mobile gaming market, estimated at the US $71.9 billion in 2020, is projected to continue to grow rapidly, reaching US $139.5 billion by 2026. Following a thorough analysis of the trade impacts of the pandemic and the economic crisis it caused, growth in the Tablet segment has been recalibrated to a revised 3.8% CAGR (compound annual growth rate) for the next 7 years. The availability of high-resolution large screen smartphones to provide an enriched gaming experience also contributes to the growth of the mobile video games segment. Smartphones continue to transform the video game industry by driving users to move from large PC or TV screens to compact screens. The advent of smartphones has allowed women to adopt games more and more. Thousands of games available in app stores give consumers easy access to a wide variety of games of various genres.
The US market will reach 17.7 billion dollars and the Chinese market will reach 43.4 billion dollars
The mobile game market in the USA is estimated to be $17.1 Billion in 2021. China, the world’s second-largest economy, is estimated to reach an estimated market size of US $43.4 billion by 2026. Other notable geographic markets include Japan and Canada, each estimated to grow by 11.6% and 9.7%, respectively, over the period of analysis. In addition, it is estimated that Germany will grow by approximately 9.3% CAGR. While countries such as the USA have a significant number of players in the international game market, Asia will continue to be an important point for market growth. China has the highest revenue rank worldwide in January 2020. China continues to dominate the market, as evident from the development of leading video games in China. Among the top 30 video games worldwide, nearly 17 games were developed by Chinese-based companies or an investor or parent company in China.
Source: PR Newswire