Mobile Gaming Market To Reach $261,586.3 Million in 2030, Says P&S Intelligence
NEW YORK, May 12, 2022 /PRNewswire/ -- The total size of the mobile gaming market was $93,163.8 million in 2021, and it is likely to grow at a CAGR of 12.2% and reach $261,586.3 million in 2030. The increasing acceptance of advanced technologies for making games, along with the growing use of smartphones, is a significant contributor to the development of the market. Furthermore, the budding popularity of esports is a key influencer for the market.
The gaming business has become more scalable with the development of mobile games. Moreover, with the rising usage of social media on these devices, Facebook and Instagram have started featuring mobile games with the intention of leveraging gripping games to market products and services.
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Key Findings of Mobile Gaming Market Report
In February 2021, the Government of India announced the creation of a center of excellence in gaming, in partnership with IIT Bombay, to endorse Indian beliefs and cultural philosophy. The government is working to advance local mobile gaming apps, which will aid the country's mobile gaming companies to flourish.
The key players in the mobile gaming market are involved in mergers and acquisitions to consolidate their position. The stalwarts include Tencent Holdings Limited, Nintendo Co. Ltd., Zynga Inc., Activision Blizzard Inc., Electronic Arts Inc., GungHo Online Entertainment Inc., Kabam Games Inc., Rovio Entertainment Corporation, Games Inc., and NetEase Inc.
Mobile Gaming Market Segmentation Analysis
By Age Group
By Business Model
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