Research & Markets recently released its report on the global browser gaming sector. The study was entitled “Browser Games Global Market Report 2021: COVID-19 Impact and Recovery to 2030”.
The report showed that the global browser gaming market will grow to $24.99 billion in 2021 at a CAGR of 5%. Furthermore, the market is expected to reach $34.47 billion by 2025 at a CAGR of 8%.
“Rapid increase in the number of active gamers across the world is driving the browser games market,” it says on Yahoo! Finance. “According to data from League of Betting, the number of online gamers is expected to reach 1 billion by 2024 from 877 million in 2020. According to the state of online gaming report in 2019, gamers play for an average of seven hours seven minutes per week, a 19.3% increase in 2018. Younger players, however, spend much more time in playing, with those aged 26-35 play 8 hours 12 minutes per week.”
The market analyzed in this report was broken down into many sections. This included mobile games, pay-to-play games, free-to-play games, and pay-in-play games.
(All information was provided by Yahoo! Finance)