How big is the mobile gaming market?

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.

How much of the market is mobile gaming?

Newzoo reports the global gaming market generated $184.4B in revenue, half ($92.2B) coming from mobile gaming alone in 2022.

What is the market size of the gaming industry?

What is the market size of the Video Games industry in the US in 2023? The market size, measured by revenue, of the Video Games industry is $106.8bn in 2023. What is the growth rate of the Video Games industry in the US in 2023? The market size of the Video Games industry is expected to increase 9.4% in 2023.

Is mobile the biggest gaming platform?

Today, over six billion people own a smartphone and it's no surprise that mobile gaming currently makes up over 52% of the market.

Which is the largest mobile gaming markets in the world?

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

How popular is mobile gaming?

Mobile gaming continues to rise quickly in popularity around the globe. Mobile game revenue is on track to surpass more than $100 billion in revenue by 2023.

Is the mobile game market bigger than PC and console?

The video gaming market was always dominated by consoles and PCs and even arcades from decades ago.

Is mobile gaming 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.

Is mobile gaming bigger than PC gaming?

Mobile games have the largest market share

For 2021, it has been projected that mobile gaming will account for 52% global gaming market share, and the PC market share will drop to 20%.

How big is mobile gaming vs console?

In 2022, mobile games are projected to generate approximately 92.2 billion U.S. dollars in annual revenue, accounting for 50 percent of the global gaming market during the measured period. Console games were ranked second with 51.8 billion U.S. dollars in global revenue.

What is the biggest gaming industry?

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 big is metaverse market?

The global metaverse market size was estimated at USD 65.51 billion in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 41.6% from 2023 to 2030.

Is gaming the largest industry in the world?

“Today, gaming is the largest category in the entertainment industry, with revenues that far exceed those of both the film and music industries. This year, the gaming industry is expected to be worth more than $170 billion in global revenues, five times greater than global movie box office revenues.”

How fast is mobile gaming growing?

Revenue in the Mobile Games segment is projected to reach US$315.90bn in 2023. In the Mobile Games segment, the number of users is expected to amount to 2,323.9m users by 2027. User penetration will be 25.1% in 2023 and is expected to hit 29.2% by 2027.

Is mobile gaming more popular than console?

The report highlights that not only is the mobile gaming market now larger than consoles and PCs combined, it's also the fastest growing market segment.

Is mobile the future of gaming?

Last year, we saw a similar pattern emerge when mobile accounted for $93.2 billion (52%) of the gaming industry's revenues. Now, with smartphone penetration at an all-time high, the stage is set for mobile to truly become the future of the gaming industry.

Is mobile gaming more profitable?

Looking at revenues from the free-to-play (F2P) market, which accounts for the lion's share of total digital games revenue in North America, mobile stands out as the most profitable category by a significant margin.

Do mobile games make more money than console?

According to a report published by the gaming industry analyst Newzoo, mobile gaming is proving to be a gold mine for video game developers as the segment brought in US$93 billion (€81.26 billion) in 2021, a significant increase over revenue from video game consoles and PCs.

Why is mobile gaming so popular?

First, they are more affordable than console games. Mobile devices are also more portable than consoles, making it easy to take your games with you on the go. In addition, Android and iOS titles tend to be shorter and simpler than console games.

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.

Is mobile gaming evolving?

That's right, games. Mobile gaming has become one of the most popular genres in the gaming industry. In fact, it's estimated that by the end of 2022, there will be 2.7 billion mobile gamers worldwide.

Is the mobile game industry competitive?

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.

Is mobile esports bigger than PC?

According to Newzoo's 2022 Esports report, PC esports titles dominate developed markets such as North America, Europe, China, South Korea, and Japan. On the other hand, mobile esports titles dominate emerging markets like Latin America, the Middle East and Africa, Southeast Asia, and India.

Are mobile games more profitable than PC?

Mobile games more profitable than console AND PC combined, reports Activision Blizzard.