What is the growth rate of mobile gaming?

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%.

What is the growth rate of mobile games?

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.

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.

What percentage of gaming is mobile gaming?

The number of mobile gamers in 2021 is 2.6 billion. 50% of gamers play mobile games while in the bathroom. 34.1% players in the US are from high-income households. 55% of players in the US are women, and 45% are men.

Is the mobile gaming industry 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%. The mobile gaming market is expected to grow to $209.12 billion in 2026 at a compound annual growth rate (CAGR) of 15.77%.

The State of Mobile Gaming

Is mobile gaming on the rise?

Online mobile gaming industry - analysis, trends, and statistics. 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.

Why is gaming growing so quickly?

The Pandemic gave a boost to the gaming market in India and people are now more willing to pay to play. According to analysts, over 24 million Indians are added to the payment-linked gaming market. The Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30%.

What is the fastest growing segment of gaming?

And Xbox has almost no presence in mobile gaming, which is the largest and fastest- growing segment of gaming.

At what age is peak gamers?

It is estimated that eSports players usually go professional between ages 16 and 18, and retire between ages 22 and 24. Some recent studies on Starcraft and League of Legends showed that gamers were mostly between the ages of 17 and 19 and had been gaming for two to six years already.

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.

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.

What is the biggest growing game in the world?

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.

Who are the big three in gaming industry?

The 'big three" game publishers are the three which currently make major home consoles: Nintendo, Microsoft, and Sony. Each of these companies holds a disproportionate ability to influence the entire culture given that their machines are what define each generation.

Why is mobile gaming becoming more popular?

It is Convenient

One of the reasons people love playing mobile games is because it is so convenient. Mobile games can be played anywhere and at any time. You don't need a big console or a powerful PC. All you need is your smartphone and you're good to go.

Are video games losing popularity?

Despite the decline in number of people playing video games, the industry continues to see growth in the number of hours spent gaming. There was a dramatic increase in time spent playing games from 2019 to 2020, with average hours played per week jumping from 12.7 to 14.8, respectively.

Why is gaming declining?

In the US, spending on games fell 5% in 2022. Across Europe, game sales are down over 7%. It looks bad, but there was one very big reason for the decline: COVID-19. In 2020, when the lockdowns hit, video game sales surged.

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.

Where is mobile gaming the biggest?

SkyQuest's analysis shows that the Asia-Pacific region is the largest and fastest-growing mobile gaming market, accounting for 65% of global revenues in 2021. The region is expected to maintain its leading position over the forecast period, growing at a CAGR of 15.9%.

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 mobile gaming is taking over?

A convenient gaming option

One of the main reasons why people are now mobile gaming in their spare time is because it's incredibly easy to access. Given the portable nature of our smartphone devices, all we need is access to the internet and then a world of gaming-related possibilities open up to us.