How big is the market for mobile games?

The global mobile gaming market size grew from $118.34 billion in 2022 to $138.63 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.

What is the mobile game market worth?

Market Overview

The global mobile gaming market was valued at USD 119 billion in 2021 and is estimated to reach USD 338 billion by 2030. The market is expected to grow at a CAGR of 12.3% during the forecast period (2022–2030).

How competitive is the mobile game market?

Mobile Gaming Market Competitor Analysis

The Mobile Gaming Market is competitive in nature because of the presence of major players like Tencent Holdings Limited, Activision Blizzard, Inc, and Zynga, Inc., among others.

How profitable is the mobile game industry?

Video Game Industry Revenue by Year (2021-2024)

$152.50 billion is the estimated mobile gaming market value in the world this 2022, an increase of $12.8 billion or 9.16% from the previous year. It is estimated to generate $189.50 billion by 2024.

What percent of the gaming industry is mobile?

What percentage of gaming is mobile? In 2022, mobile gaming accounted for 45% of total video gaming revenue worldwide.

How much Money does my Mobile Game Make? (after 4 weeks)

Is mobile gaming the biggest platform?

Mobile gaming is already bigger than the console and PC gaming markets combined, contributing nearly 57% of global video games revenue in 2021.

Are mobile games declining?

Mobile game spending fell 5% globally in 2022, to $110 billion, Data.ai, which was formerly known as App Annie, said in its “State of Mobile” report Wednesday. The report also looks at the broader state of sectors like mobile ads, retail and social media apps.

How much would it cost to make a mobile game?

Mobile games are developed either for AppStore (iOS) or Google Play (Android). Mobile games development costs usually vary from $3000 up to $150000 according to the game type, some special options you want to integrate, etc. It is obvious that a simple mini-game is cheaper than a complex one.

What is the most profitable game genre?

RPG (role-play games) is the most profitable mobile gaming genre, earning $21.9 billion in 2020 and $18.3 billion in 2019. China had a 35% of the global mobile market revenue in 2020, with the USA having 20%.

Is mobile gaming booming?

The global mobile gaming market reached a revenue of $77.2 billion in 2020. Gaming has become a major source of revenue for the gaming industry, and that it is continuing to grow at a rapid pace.

What is the future of mobile game market?

The market is expected to grow at a CAGR of 15.7% from 2021 to 2026, reaching $3.9 billion in revenue by 2026. The region's most popular mobile game genres are strategy, action, and simulation, accounting for 63% of total mobile game revenues.

What genre of mobile games are most popular?

Casual Games

This category dominates the market for games for mobile devices. It has a 58% mobile device penetration rate, being the most-played game genre by Android users.

Who is the richest mobile game developer?

Do mobile game developers make money?

Over 25% of developers earn over $5,000 per month on the iOS platform and Android sees 18% of theirs faring good as well. Games hit the market nowadays and are the most profitable. Most of game apps are made in spare time.

How many hours does it take to make a mobile game?

The more complex the game, the more time is needed to develop it. On average, creating a mobile game from idea to release, takes 5 to 18 months of hard work. If you plan to create and develop a relatively small functional mobile game, you can count on 3 to 5 months.

Do mobile app games make money?

A mobile game business model is a monetization strategy developers use to drive revenue for their app. You can either choose to monetize through a one-time payment, in-app purchases (also known as microtransactions), or ad monetization.

Why are most mobile games pay to win?

Microtransactions Are More Profitable

For instance, in pay-to-win games, you're incentivized to buy special items that can't be earned in the game via gameplay, giving you an advantage over other players that don't buy these items.

Are mobile games more profitable than PC?

Mobile games more profitable than console AND PC combined, reports Activision Bl | Pocket Gamer.biz | PGbiz.

How do many mobile games make money?

Advertisers pay to have their ads displayed in mobile games and mobile game publishers receive a portion of the ad revenue. There are a few different types of mobile game advertising that publishers can choose from. The most common kind of mobile ads are banner ads, video ads, interstitial ads, and playable ads.

Why do most mobile games fail?

For an indie game developer a mobile game fails when it cannot sustain the development of the game or future games. For a big game developer or publisher a mobile game fails when it can damage the brand, the developers name or when the cost of running the game is lower than then the revenue of the game.

Does mobile gaming have a future?

We can expect to see an increase in the number of mobile games with console-quality graphics and gameplay, as well as the development of new genres of games that take advantage of the increased connectivity and speed offered by 5G. Overall, the future of mobile gaming looks bright for 2023 and beyond.

Who is dominating the gaming industry?

Leading gaming markets worldwide 2022, by revenue

As of 2022, it is estimated that the United States ranks first among the biggest gaming markets worldwide, with a revenue of 54.9 billion U.S. dollars. The video gaming market in China ranked second, generating an approximate 44 billion U.S. dollars in annual revenues.

How long do most mobile games last?

According to Department of Play, hyper-casual game lifespans vary from 1 to 5 weeks. On the other hand, the lifespan in mid-core games is way longer – often even over 12 months' time.