What is the market size of mobile gaming industry?

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%.

How large is the mobile gaming industry?

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.

How much of the gaming industry is mobile gaming?

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 2.32bn users by 2027. User penetration will be 25.1% in 2023 and is expected to hit 29.2% by 2027.

What is the size of the mobile gaming market in 2030?

Global Mobile Gaming Market to Reach $253.2 Billion by 2030

The global market for Mobile Gaming estimated at US$104.4 Billion in the year 2022, is projected to reach a revised size of US$253.2 Billion by 2030, growing at a CAGR of 11.7% over the analysis period 2022-2030.

What is the market size of gaming sector?

Revenue in the Video Games segment is projected to reach US$372.00bn in 2023.

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How big is the gaming market in the US?

Revenue in the Video Games segment is projected to reach US$89.57bn in 2023.

Why is the mobile gaming market so big?

One of the reasons for the popularity of mobile gaming is its accessibility; nearly everyone owns a smartphone that contains games. The introduction of Snake downloaded on Nokia feature phones in 1997 heralded the beginning of mobile gaming's widespread appeal and demonstrated the utility of games on these devices.

Is mobile the biggest gaming platform?

Mobile gaming has taken over from PCs and consoles as the driving force of the global video gaming market. Today, over six billion people own a smartphone and it's no surprise that mobile gaming currently makes up over 52% of the market.

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.

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 future of gaming?

This would reflect a CAGR of 11.5% between 2020 and 2027 and points towards mobile being the best-performing sector in the entire gaming industry. The future of mobile gaming will be highly impacted by initiatives like PlayStation's Mobile Division Studios.

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.

Who is the biggest mobile game maker?

Is the mobile game market bigger than PC and console?

Mobile gaming proves to be a gold mine as it racked in more money in 2021 than PC and console gaming combined. According to a report published by Newzoo, mobile gaming racked in a revenue of US$93.2 billion (€81.5 billion) in 2021. The revenue figure represents 52% of the total gaming revenue for last year.

How big is mobile gaming compared to 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.

How many mobile gamers are in America?

The number of mobile game players in the US is higher than it's ever been at more than 191 million people, or 57.3% of the population. That's according to Newzoo. Per Evolution of Entertainment Study 2021 by NPD, the number of Americans playing games jumped from 73% to 79% in 2020.

Which country spends the most on mobile gaming?

In terms of regions, China, the United States and Japan are the big three in terms of consumer spending on mobile games, accounting for over 50 percent of spending. China spends the most, but Japan spends more per-capita than any other country.

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.

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.

What gaming has the biggest revenue?

What is the richest game industry in the world?

How much of the US population are gamers?

More than 214 million Americans play video games.

Gaming has always been big in the US and has kept its place as one of the nation's favorite pastimes. Out of 214.4 million gamers, 51.1 million are children, while 163.3 million are adults.