On April 20th, Research and Markets unveiled a new report that provided an analysis of the global mobile gaming market. In the Global Mobile Gaming Market (by Operating System Device, & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026) report, it was revealed the global mobile gaming market will be worth over $150 billion by 2026.
Based on the report’s findings, the global mobile gaming market will be valued at $104.1 billion this year. Furthermore, this sector will grow to $151.1 billion by 2026, meaning the market will register a compound annual growth rate of 9.76% during this forecast period.
Several factors are expected to have an impact on the global mobile gaming market. This includes gaming industry growth, a rise in consumer spending, an increase in the number of mobile gamers around the world, and the growing adoption of smartphones.
“A few notable trends may include escalating spending on mobile gaming advertising, growing adoption of cloud gaming, incorporation of augmented reality/virtual reality (AR/VR) in mobile games, and implementation of free-to-play pricing model,” the report reads. “The fastest-growing regional market was China due to the presence of major game vendors, launching a variety of new games annually.”
(All information was provided by ResearchandMarkets.com)