If you’ve ever been curious about the worth of the mobile gaming industry, read on. From gigantic multi-billion dollar corporations to small indie developers, the mobile gaming market has generated an incredible amount of revenue over the years. And it’s only getting bigger and more profitable by the day.
But just how much is this industry actually worth? That’s a question we’re starting to get asked more and more lately— and it’s not an easy one to answer. The answer depends on who you ask and how they define “mobile gaming.” It also depends on what kinds of platforms are included in their definition.
In this article, we will explore all of these factors and more to paint a picture of just how valuable this industry is. By the end, you should have a better understanding of not only how much money is at play here but where it’s coming from and where it’s going. So let’s dive in!
The Mobile Gaming Industry Is Enormous and Growing
Did you know that the mobile gaming industry is massive? It’s one of the largest and fastest-growing sectors in the global entertainment market—and worth more than $100 billion.
The figures are staggering. In 2020, mobile gaming revenues exceeded those from console and PC games combined, and this trend is only set to continue. By 2025, it’s projected that mobile game revenues will reach over $160 billion—equal to almost 40% of total global game revenues.
What’s driving this growth? Mobile gaming is incredibly accessible and user-friendly, encouraging the development of new genres such as hyper-casual and hyper-competitive games, while also providing opportunities for developers to reach new audiences with innovative titles.
There are also more payment options available than ever before, including subscription models that can provide a steady income for developers.
All these factors make mobile gaming a lucrative investment opportunity—one that shows no signs of slowing down any time soon!
Mobile Gaming Revenue And Profits Are Soaring
The mobile gaming industry is experiencing an unprecedented level of success right now. According to recent research, the global gaming market is expected to reach $159 billion in 2020, with the mobile gaming sector taking up nearly half of that at $77.2 billion. The global revenue increase from mobile games also surpassed other sectors, such as console and PC gaming.
To put it bluntly, the mobile gaming industry is rolling in cash. And it doesn’t just stop there — in 2019 alone, the sector saw profits double from the previous year to be valued at over $37.9 billion. Notably, this revenue comes thanks to free-to-play games like ‘Candy Crush’ and ‘Fortnite’ that offer enticing in-game purchases for players who want to level up their gaming experience.
The incredible growth of the mobile gaming industry demonstrates that there’s a consistent demand for digital entertainment and interactive experiences on our phones — a trend we expect will only continue into 2021 and beyond.
The Most Famous And Profitable Mobile Game Genres
Do you know what the most popular and profitable mobile game genres are? It might surprise you!
The most popular gaming genre is casual games, accounting for 25% of total downloads and 25% of total revenue. That’s right, simple games like Solitaire or Bejeweled have been extremely successful in the mobile gaming industry. It turns out that these easy-to-play yet challenging-to-master games hold lasting appeal despite their seemingly basic graphics and gameplay.
Action games make up about 20% of total downloads, but more notably 21% of total revenue—second only to casual games in grossing power. This genre has benefited from its extremely wide appeal, from casual gamers who enjoy running and shooting in Temple Run to hardcore gamers looking for a more adrenaline-fueled experience with PUBG Mobile or Fortnite.
Puzzle games come in third place in terms of popularity, comprising 18% of total downloads and 17% of total revenue. While some may think that casual puzzle games should be grouped into the same category as casual games, many more complex puzzle titles featuring heavy storytelling and strategy elements have become popular enough to warrant their distinct genre. Some popular titles to look out for are Monument Valley and Dream League Soccer Classic.
The Dominant Mobile Gaming Companies And Platforms
When it comes to the mobile gaming industry, a few companies and platforms stand out in terms of size and power. The top three mobile game publishers account for almost 60% of the market share.
Founded in Finland, Supercell is one of the most successful mobile game companies. It produces popular titles like Brawl Stars, Clash of Clans, and Hay Day, which have brought in an estimated $3.4 billion from 2018 to 2019. The company also recently launched its development platform, which allows external developers to easily create and publish their games.
Based in China, Tencent is one of the largest internet companies on the planet with a reported net worth of $520 billion in 2020. Besides its extensive tech investments (like Riot Games), Tencent has created dozens of popular mobile games – including Honor of Kings and PUBG Mobile – that have grossed over $2 billion each year since 2018.
Apple App Store & Google Play Store
The Apple App Store and Google Play Store are the central ecosystems for broadcasting Android and iOS mobile apps respectively. Both platforms offer a huge library of games, from popular releases like Fortnite to independent titles like Monument Valley 2 – making them invaluable for any serious gamer looking to access new content regularly. According to IDC research firm estimates, these two giants make up about 90% of the entire app store market worldwide.
The Future Of The Mobile Gaming Industry Looks Brilliant
You may be wondering where the mobile gaming industry is headed in the future. Well, the truth is that it’s only going up from here. The global mobile gaming market is projected to reach $106.4 billion by 2026, growing at a CAGR of 16.9% between 2021 and 2026.
Here are some reasons why the mobile gaming industry will continue to grow:
- Platforms like Apple Arcade and Google Play Games make it easier for game developers to find an audience, so more games are being created than ever before.
- As smartphone advance technologies, so does our ability to create more complex and immersive games with better graphics and smoother gameplay.
- Mobile games are much cheaper than console games, so more people can afford them, leading to a larger global user base and higher revenues for game developers.
The future of mobile gaming looks bright; with more people playing on their phones than ever before and game developers continuously pushing the boundaries of what’s possible in terms of graphics and gameplay, there’s no telling what we’ll see next in this rapidly expanding market!
Investing In The Mobile Gaming Industry
Did you know that the mobile gaming industry is worth a whopping $74.2 billion? That’s according to a report from Newzoo, and it’s projected to keep growing—with no signs of slowing down.
So, if you’re looking for a great investment opportunity, why not consider the mobile gaming industry? Here are some key metiers to maintain in mind:
The Mobile Gaming Audience Is Growing Fast
The mobile gaming audience is constantly growing, with an estimated 2.3 billion people playing mobile games around the world in 2020. And this number is only expected to increase, as more people become connected to the Internet and gain access to smartphones and tablets.
Mobile Games Are Making Big Money
The mobile gaming industry is also extremely lucrative for developers. According to the same Newzoo report, mobile game revenues reached $54 billion in 2020 alone — a number that’s expected to grow even further in 2021 and beyond. So if you invest in the right type of game, your returns could be huge!
Smartphone Penetration Is Increasing
With more and more people getting access to smartphones and tablets, the market for mobile games will only continue to grow. Smartphone penetration worldwide is currently at 65% — which means there’s still plenty of room for growth as more people become connected. This offers big potential for investors who are willing to take risks on promising new titles or genres.
Mobile Gaming Industry In The United States
Did you know that the mobile gaming industry is one of the fastest-growing industries in the United States? It’s no surprise, seeing as how it was estimated to be worth $77 billion in 2020. That’s quite a chunk of change!
So, why is the mobile gaming industry worth so much? Well, there are a few factors at play. To start, more people than ever before are owning smartphones and play games on them.
Mobile gaming makes up over half of total gaming revenues, and this number continues to climb each year. Plus, there’s been an increase in cloud-based and subscription services allowing gamers to pay for access to extra content or special features within certain games.
But when you dig a bit deeper into the numbers, it’s clear that the United States has some catching up to do when it comes to mobile gaming revenue: The US ranks fourth among countries with the highest mobile game spending.
Although Asia is responsible for most of the global mobile game profits and China is leading the world in terms of both revenue growth and overall revenue, US players continue to spend heavily on mobile games.
It’s safe to say that mobile gaming shows no sign of slowing down—Especially since Americans aren’t shy about spending money on their favorite pastime!
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All in all, it’s clear that the mobile gaming industry is a huge sector of the gaming industry and is worth billions of dollars. Mobile gaming has become a major player in the gaming industry, with new and innovative games being released every day.
With advancements in technology, the mobile gaming market shows no sign of slowing down. It will continue to grow, evolve, and become even more profitable. As the global market expands and more players join the gaming industry, the mobile gaming industry will only continue to increase in value.