Market Research Future (MRFR) has published a cooked research report on the “Global Mobile Gaming Market” that contains information from 2023 to 2030. The Mobile Gaming Market is estimated to register a CAGR of 13.60% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Mobile Gaming Market— Google Inc., Apple Inc., Activision Blizzard Inc., Sony Corporation, Tencent Holdings Ltd., Electronic Arts Inc., Nintendo Co. Ltd., Ubisoft Entertainment SA, Gameloft SE, Glu Mobile Inc., and MocoSpace.
Market Highlights
The Mobile Gaming Market is accounted to register a CAGR of 13.60% during the forecast period and is estimated to reach USD 247.07 Billion by 2030.
The mobile gaming market refers to the segment of the video game industry focused on developing, distributing, and playing games on mobile devices such as smartphones and tablets. This market has experienced significant growth and evolution due to advancements in technology, accessibility, and the widespread ownership of mobile devices.
The mobile gaming market has grown to become a significant player in the broader video game industry, often generating substantial revenue and capturing a large portion of the overall gaming audience. It continues to evolve with technological advancements, changing player preferences, and shifts in business models.
Segment Analysis
The Mobile Gaming Market has been segmented based on type, platform and device.
On the basis of type, the market is segmented into Action or Adventure, Casino, Sports and Role Playing. The Casino dominated the market, accounting for 35% of market revenue. Casino gambling has been one of the fast-growing gambling categories, due to the convenience of use and optimal user experience.
Based on platform, the market has been segmented into Android, IOS and Windows. The Android category generated the most income. The mobile gaming business has gained scalability due to the emergence of android mobile games. Platforms like Netflix, Facebook, and Instagram have begun to feature Android mobile games.
Based on device, the market has been segmented into Personal Digital Assistance and Smartphone. Smartphones held the largest segment share in 2022. Mobile gaming has become the driving force behind the rapid growth of the video gaming market.
Regional Analysis
The Mobile Gaming Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Mobile Gaming Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Mobile Gaming Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Mobile Gaming Market comprises of Middle East, Africa, and Latin America.
North America is one of the largest mobile gaming markets, driven by high smartphone penetration and a tech-savvy population. Many established gaming companies, as well as indie developers, operate in North America. The market is also influenced by the presence of tech giants such as Apple and Google.
Europe has a diverse gaming landscape due to its varied cultures and languages. Western European countries have high smartphone adoption rates. Similar to North America, free-to-play models with in-app purchases are popular. European regulations have influenced the handling of loot boxes and microtransactions.
The Asia-Pacific region is a mobile gaming powerhouse, with countries like China, Japan, South Korea, and India contributing significantly to the market. In-app purchases are dominant, especially in countries with robust digital payment systems. Gacha systems (randomized virtual item rewards) are widely used.
Furthermore, the rest of the world's Mobile Gaming Market is divided into the Middle East, Africa, and Latin America. Latin America is an emerging mobile gaming market, with growing smartphone adoption rates and a young population. Economic disparities in the region can impact spending on in-app purchases. Localized content is crucial due to language and cultural diversity.
Key Findings of the Study
- The Mobile Gaming Market is expected to reach USD 247.07 Billion by 2030, at a CAGR of 13.60% during the forecast period.
- North America is one of the largest mobile gaming markets, driven by high smartphone penetration and a tech-savvy population. Many established gaming companies, as well as indie developers, operate in North America.
- Based on platform, the market has been segmented into Android holding the largest market in 2022.
- Google Inc., Apple Inc., Activision Blizzard Inc., Sony Corporation, Tencent Holdings Ltd., Electronic Arts Inc., Nintendo Co. Ltd., Ubisoft Entertainment SA, Gameloft SE, Glu Mobile Inc., and MocoSpace.
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Report details
| Companies Covered | 15 |
| Pages | 100 |
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