The mobile gaming industry is a large and rapidly growing market. According to a report by Newzoo, a market research firm, the global mobile gaming market is expected to generate revenue of $77.2 billion in 2020, and is projected to reach $106.4 billion by 2023. This represents a compound annual growth rate (CAGR) of +11.3% from 2020 to 2023.
North America and Europe are the biggest markets for mobile gaming, but Asia Pacific is the largest and fastest-growing region for mobile gaming.
The mobile gaming industry has seen a significant increase in revenue due to the rise of smartphones and tablets. The increasing number of smartphone and tablet users, the availability of high-speed internet and mobile networks, and the growing popularity of mobile gaming among older age groups have all contributed to the growth of the mobile gaming market. In addition, mobile gaming has also seen a boost from the COVID-19 pandemic as people are staying at home and looking for ways to pass the time.
It's worth noting that the mobile gaming industry is becoming increasingly competitive, with many companies vying for market share. It's also changing rapidly as new technologies such as 5G and cloud gaming are introduced, which will provide faster and more stable internet connections and enable more complex and graphically rich mobile games.
Is mobile gaming a growing industry?
Yes, mobile gaming is a growing industry. The increasing popularity and accessibility of smartphones and tablets has led to significant growth in the mobile gaming market.
According to a report by Newzoo, a market research firm, the global mobile gaming market is expected to reach $100 billion by 2021. The report states that mobile gaming accounts for more than half of the global gaming market, and it is projected to continue to grow in the coming years.
The growth in the mobile gaming market can be attributed to several factors, including:
- The increasing number of smartphone and tablet users worldwide.
- The availability of high-speed internet and mobile networks, which makes it easy for players to access and download mobile games.
- The growing popularity of mobile gaming among older age groups.
- The continued expansion of mobile gaming into new markets, such as Asia and Africa.
The mobile gaming industry also continues to evolve with new technologies such as 5G and cloud gaming, which will provide faster and more stable internet connections and enable more complex and graphically rich mobile games. These technological advancements will further boost the growth of the mobile gaming industry.
Overall, mobile gaming is a rapidly growing industry that is expected to continue to see significant growth in the coming years.
What are the best-growing games on mobile?
There are many mobile games that are experiencing significant growth in popularity, here are a few examples:
PUBG Mobile: PUBG Mobile is a popular battle royale game that has seen significant growth in popularity in recent years. The game is available on both iOS and Android platforms, and it has a large player base worldwide.
Among Us: This game is a multiplayer game where players work together to complete tasks on a spaceship, but one or more players are "imposters" trying to kill the crew. The game has seen a surge in popularity since late 2020 and continues to be popular among players in 2021.
Bingo Blitz: One of the unique features of Bingo Blitz is that it allows players to play bingo in different virtual locations around the world, such as New York City, Paris, and Rome. The game also includes a social aspect, allowing players to connect with friends and compete against them in bingo rounds. The game also provides daily bingo blitz free credits which help players win more games.
Genshin Impact: This open-world action RPG was released in September 2020, and it has seen rapid growth in popularity. The game's stunning visuals, engaging story, and a large number of characters and weapons have helped it attract a large player base.
Roblox: This game is a massively multiplayer online game platform, which allows players to create their own games or play games created by other players. It's been around for a while but has seen a recent growth in popularity, especially among kids and teenagers.
Pokemon Go: This augmented reality game was released in 2016, but it continues to be popular among players. The game's use of augmented reality technology, which allows players to catch virtual Pokemon in the real world, has helped it maintain a large player
It's worth noting that the popularity of mobile games can change rapidly and different games may be popular in different regions or cultures. The list above is based on the general trend and may not be applicable to all the regions.