On April 15th, Research and Markets released a new report that provided an analysis of the global mobile gaming market from 2021 to 2026. In this study, it was revealed that the market will register a compound annual growth rate (CAGR) of 11.20% during this forecast period.
“The increased focus on localizing the content, launching multiplayer games, and live streaming of mobile games boosts the global mobile gaming market. The ongoing mergers, acquisitions & partnerships by the vendors in the mobile games market is enabling vendors to expand their games portfolio, upgrade existing games, expand across various genres, and enter new markets. This will enhance the customer base of the company,” the report reads. “There has also been a prevalence of high-speed internet connections even in developing countries. This has led the mobile gaming industry to acquire and retain more users over the last few years. Mobile gaming companies also witnessed a boom in downloads due to the COVID-19 pandemic.”
Causal games have made up the highest percentage of mobile downloads in recent years. On top of that, the report indicates massive growth in the APAC region due to the availability of low-cost data packs.
(All information was provided by Yahoo! Finance)