On November 9th, Research & Markets released a new industry survey. In this study, it was revealed that the global mobile gaming market will be worth $420.39 billion by 2026.
The report also showed that the global mobile gaming market was worth $95.45 billion in 2019. This means that the industry will grow at a compound annual growth rate (CAGR) of 23.59%.
“Electronic gaming can be performed using a variety of mediums, such as computers, mobile devices, consoles, or anything else that can be accessed electronically. Scalability for the gaming industry has been enabled by the development of mobile games,” the report reads. “Additionally, social platforms such as Facebook and Instagram are developing innovative mobile games in order to differentiate their offerings as well as enhance their promotional strategies by utilizing engaging games. Various governments around the world are also establishing funds to support gaming industries, which are also expected to expand for mobile games. For instance, the German government has committed 50 million euros to the establishment of a games fund in the year 2019. Through the Sweden Game Arena in Sweden, students can develop their own games and use government-funded facilities and equipment.”
(All information was provided by Globenewswire)
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