On February 22nd, Reportlinker released its new report entitled Global Mobile Gaming Industry. In this survey, it was revealed that the global mobile gaming market is now projected to be worth $153.5 billion by 2027.
The piece did report that the global mobile gaming sector was estimated to be worth $71.9 billion in 2020. This means that between 2020 and 2027, the market will experience a compound annual growth rate (CAGR) of 11.5%.
Smartphone gaming was one of the most important parts of the industry that was analyzed in this report. This sector is projected to reach a value of $139.1 billion and a CAGR of 12.6% by 2027. Additionally, the tablet market will experience a revised CAGR of 3.8% during this seven-year period.
The United States and China are expected to lead the way when it comes to growth in the mobile video game sector. In 2020, the United States’ mobile gaming market had an estimated value of $15.1 billion. Meanwhile, China’s mobile gaming industry will reportedly be worth $48 billion by 2027.
(All information was provided by Yahoo!)