Esports News: Mobile Gaming Content Market Value Worldwide 2011-2026
The market for mobile gaming content is expected to grow from 131.2 billion dollars in 2021 to 173.4 billion dollars in 2026. Read to know more.
The market for mobile gaming content is expected to grow from 131.2 billion dollars in 2021 to 173.4 billion dollars in 2026, with Asia accounting for the majority of the segment’s income. A sizeable portion of the market for gaming software is made up of mobile devices. The Asia Pacific region’s mobile content market was predicted to be worth an astounding $70 billion USD by 2021, exhibiting enormous value growth from 2014 onward. It is reasonable to say that Asia Pacific has grown significantly over the previous ten years, given that the market was only worth 11.6 billion US dollars in 2014.
Gaming in Asia Pacific is Strong
It is well known that the Asia Pacific region accounts for about half of global game market income, with internationally renowned Asian Pacific gaming titans continuing to show enormous sales. It is undeniable that China dominates the Asia Pacific gaming market, despite the fact that numerous nations in the region have robust gaming industries. China dominates not only the Asia-Pacific region but also the worldwide gaming market in terms of revenue, surpassing the United States to claim the top spot. China has had significant increases in mobile game sales revenue over the past ten years, as have many other Asia Pacific nations.
Growth of Mobile Gaming
Users of mobile gaming have increased significantly in Asia and the Pacific in recent years. Consumers are now more than ever favouring mobile games over more conventional games played on consoles, such as those in South Korea. A significant contributor to the mobile gaming industry’s explosive growth is probably the increase in smartphone ownership. More people owning smartphones makes it easier for users to access games and makes it simpler for users to make in-game purchases. Consequently, the sector for mobile gaming will grow.
Increased use of popular technologies for game development, smartphone adoption and technological breakthroughs all have a significant impact on this industry’s quick growth. The gaming business is expanding globally, and cell phones are a key factor in this expansion. Fast internet connectivity has grown more widely available in recent years, especially in emerging economies, making online gaming more practical. The $24 billion Indian media and entertainment economy includes gaming as one of its fastest-growing subsectors. The nation is home to one of the top five mobile gaming markets in the world. (Reference: investindia.gov)
In addition, Free-to-Play is a preferred price structure for mobile games due to its limitless potential and availability for free download. Players can explore a game in this way before committing time or money, and as a result, they frequently increase their earnings. Pokemon GO, for instance, can be downloaded for free, and according to figures from Bank of America, 67 million Americans will have played the game by 2020, up from the 27 million who did so in 2016. This approach might change in line with the availability of technology like augmented reality and 5G.
Additionally, in order to introduce 5G cloud gaming, Hatch and Samsung jointly created the Hatch for Samsung mobile app in the United States in April 2019. Customers may stream well-known games like Hitman GO and Monument Valley while playing games like Arkanoid Rising on the Galaxy S10 5G, Samsung’s first 5G flagship device. The market for mobile gaming is anticipated to grow as 5G is deployed widely and offers better download rates.
In 2023, it is anticipated that the revenue in the video games sector would total US$221.40 billion. By 2027, there will be an estimated 2,776.9 million users in the video games market. By 2027, it is anticipated that user penetration will reach 34.9% from 2023’s 32.8%.
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