What is the growth rate of mobile games?

This report provides the strategists, marketers and senior management with the critical information they need to assess the global mobile gaming market. 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%.

Has mobile gaming increased?

Gaming, and mobile gaming in particular, continued to rule the entertainment industry in 2022. Newzoo reports the global gaming market generated $184.4B in revenue, half ($92.2B) coming from mobile gaming alone in 2022.

Is mobile gaming declining?

We now estimate that the games market will generate $184.4 billion in 2022, down -4.3% year on year.” 2021 saw a 7.3% growth in mobile gaming revenue, and that was chump change in comparison to the 25.6% rise in 2020. But a decline from meteoric heights doesn't have to spell doom and gloom.

Does mobile gaming have a future?

The future of mobile gaming continues to shine bright. In 2022, the global games market as a whole was expected to generate nearly $197 billion, according to forecasts by Newzoo. The primary driver of this growth was mobile, which made up more than half of the market.

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.

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

Is mobile gaming getting better?

Mobile gaming is becoming increasingly popular, with an estimated 2.6 billion people playing games on their smartphones in 2020, with Genshin Accounts being the largest of these games.

Is PC gaming more popular than mobile?

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.

Why is mobile gaming declining?

Spending on mobile games declined last year as consumers got more frugal with their purchasing decisions in response to rising inflation, according to a report from app analytics firm Data.ai.

Why is gaming growing so quickly?

Due to the restrictions and lockdown imposed by Covid 19, there were online schools and work-from-home and the growing popularity of digital payment contributed to increasing demand for online gaming. The gaming sector industry experienced growth resulting in an increase in investments to meet the demand.

What is the most growing game?

Today padel is the fastest growing sport in the world. Based on racket sales, it is estimated that 12 million people play it. In Spain, it is the second most popular sport after soccer, and in Sweden it is already played by more than 5% of the population.

What percentage of gaming is mobile?

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

Why mobile games are growing?

Developing a mobile game is much cheaper and easier than developing a console game. With the rise of smartphones, there is also a larger market for mobile games. Mobile game development companies can reach a wider audience with their games.

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.

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.

Do males or females play more mobile games?

Gender Breakdown

Considering the mobile gaming market, 63% of mobile gamers are women while 60% of them play every day, and they spend more money than the male audience.

What is the average life of mobile games?

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.

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.

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.

Do mobile games actually make money?

Yes, daily. Those that are in the top 800 apps earn around $3,500 in revenue daily, which is not bad as well.

How big is mobile game industry?

Revenue in the Mobile Games segment is projected to reach US$172.10bn 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 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.