How big is the mobile gaming industry?

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 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.

Is mobile gaming the largest gaming market?

The mobile game market

China continues to be the world's largest market for games.

Is mobile gaming bigger than PC?

As of 2021, mobile gaming holds the largest market share in the gaming industry, with 48% of gamers engaging in mobile games. By 2023, according to the games market estimate, the global gaming market is projected to surpass $200B, out of which mobile gaming will account for over 50% share.

Is mobile gaming still growing?

The global mobile gaming market is expected to grow from $101.21 billion in 2021 to $116.43 billion in 2022 at a compound annual growth rate (CAGR) of 15.04%.

Why Game Companies Stopped Making Games - How Money Works

Is mobile gaming declining?

The news: The mobile gaming segment saw declines in 2022 as gamers moved from casual to more complex hybrid-casual titles. We can expect continued consolidation and multi-platform releases in 2023, per SensorTower.

How successful is mobile gaming?

Today, there are over 1 million active gaming applications on the App Store, representing 21% of total apps, and the highest number of apps out of any category. Game apps account for more than 70% of all App Store revenue, and 81% of the top 200 most profitable Android apps are games.

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.

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.

Are mobile games still profitable?

But then, iPhone, Android, and BlackBerry changed the face of consumer electronics, and gaming, forever. Today, over 6 billion people own a smartphone, so it's no surprise that mobile gaming now makes up over 52% of the market, bringing in over $90 billion in revenue in 2021.

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.

Is mobile gaming getting better?

The first reason mobile gaming is becoming more popular is that its technology is improving. In the past, mobile games were pretty basic. They were often 2D and didn't have much graphics or gameplay. Nowadays, however, mobile games are getting closer and closer to console quality.

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.

Is mobile gaming dominating?

GlobalData recently released a new report that shows that mobile gaming will make up half of the revenue generated by the global gaming industry in 2030. This comes after mobile games reportedly made up 57% of the global sector in 2021.

How many mobile games fail?

Matthew Emery, Mobile Games Consultant

This is the first in a series of articles common sources of failure in mobile games. Read the second article here. As we know, 95% of mobile F2P games are unprofitable. After working on 100+ mobile projects with 80+ game teams, I've seen these odds play out first-hand.

Is mobile gaming becoming more popular?

Mobile games are now more popular than ever before. There are many reasons for this, but the most important one is that they are much more accessible than traditional video games. Mobile games can be played anywhere, at any time. They do not require a console or a TV.

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.

How fast is the mobile gaming industry growing?

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.

Why are so many 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.

What is the most downloaded app game all time?

1. Subway Surfers (2012 | 1B+ Downloads)

Who is the richest mobile game developer?

Why are mobile games getting boring?

Most mobile games lack gameplay depth and their content can be consumed much faster than intended. A lot of games re-use and copy assets and mechanics from each other while their retention mechanics remain the same.

Why are mobile games so lame?

All the controls of a mobile game have to be crammed inside the very limited screen estate of the device. Given this limitation, those controls often end up being either painfully small or so big that they interrupt gameplay—leading to a poor gaming experience.