Mobile Game Market Size, Share & Forecast, 2020-2027
Mobile Game Market
The Mobile Game Market was calculated at USD 59,814 million in 2019 and is projected to reach USD 147,876 million by the end of 2027, growing at a robust CAGR of 12% over the forecast period (2020-2027).
The factors driving the growth of Mobile Game Market includes increase in the number of mobile game launches around the world, rising penetration of smartphones and easy accessibility to mobile games through play store and other online platforms. As per the data available at Statista, the revenue generated by Play store worldwide, has significantly increased from USD 38.8 billion in 2020 to around USD 47.9 billion in 2021, which is expected to boost the Mobile Game Market size in the approaching years. Moreover, the increasing investments by Private players for developing interactive and innovative games, improvements in internet connectivity and growing popularity of mobile gaming in the rural areas, are some of the additional factors supplementing the Mobile Game Market share. In addition, the Government initiatives to support the mobile gaming platforms, integration of cloud computing, virtual reality and 3D Scanning, are further augmenting the market growth.
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However, the growth of Mobile Game Market is hindered attributed to increasing cases of data breaches across the globe.
The major players operating in the market are Kabam Games, Inc., NetEase, Inc., Warner Bros. Entertainment Inc., Tencent, Zynga Inc., Supercell Ltd, Electronic Arts Inc., IGG, Machine Zone, Inc. and Activision Blizzard among others.
Application – Segment Analysis
As per the Mobile Game Market Research, the electronic sports segment is projected to capture the largest market share during the forecast period. The increasing smartphone users, rising internet penetration and growing popularity of electronic sports mobile games amongst millennials, are some of the key factors responsible for the growth of the segment.
Age Group – Segment Analysis
According to the Mobile Game Market Report, the teenager segment is predicted to expand at a significant CAGR over the forecast period attributed to growing popularity of online gaming amongst teenagers and increase in the screen time for using smartphones.
Platform – Segment Analysis
As per the Mobile Game Market Analysis, the android segment is anticipated to lead the market during the forecast period owing to the increasing consumers preference for android based mobile devices, according to Business of Apps, Android accounts for 75% of the global smart phone market share and currently around 2.8 billion people are using android based smart devices.
Regional – Segment Analysis
According to the Mobile Game Market Trends, the Asia-pacific region is predicted to hold the highest market share over the forecast period. The increasing popularity of mobile gaming, easy accessibility to smartphones, advent of 5G Technology, Government initiatives on supporting the gaming industry and huge population growth, are some of the important factors propelling the Mobile Game Market Growth in the Asia-Pacific region.
Market Segmentation
Global Mobile Game Market by Application
Entertainment
Education
Electronic Sports
Global Mobile Game Market by Age Group
Children
Teenagers
Adults
Global Mobile Game Market by Game Type
Puzzle
3-match games
Others
Action/Adventure
Arcade
Simulation
Strategy
Sports
Others
Global Mobile Game Market by Platform
Android
iOS
Others
Global Mobile Game Market by Type
Online
Offline
Global Mobile Game Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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