The global mobile game market size is valued at USD 97.81 billion in 2021 and is expected to reach a value of USD 214.61 billion by 2028, at a CAGR of more than 11.88%.
Over the past few years, the mobile game market has exploded. There are more than 3 billion active mobile gamers worldwide and this number is expected to grow. However, as the market matures, it faces a number of challenges including the ongoing battle against piracy.
Regarding future trends, analysts believe that cloud gaming will have a significant impact on the market. Cloud gaming services that allow gamers to play games without downloading make them much easier to access. They also expect that more than half of all mobile gamers will use cloud gaming services by 2028.
Another important trend that will shape the future of the mobile gaming market is the rise of 5G technology. 5G networks offer significantly higher speeds and lower latency than current 4G networks. This will enable new types of game experiences like real-time multiplayer and augmented reality. Our analyst expects 5G to be widespread by 2025 and believes it will have a transformative impact on the mobile game industry.
SkyQuest’s analysis of the mobile games market highlights these challenges and provides insights into how they can be overcome. The report also discusses the potential of next-generation technologies such as augmented reality and virtual reality to impact the field.
The mobile game market is expected to grow significantly over the next few years. Several factors are driving this demand, including the growing popularity of smartphones and tablets, rising global income levels, and the growth of the Chinese gaming market. Smartphones and tablets have become increasingly popular in recent years, with shipments increasing from 296 million units in 2010 to an estimated 1.6 billion units in 2021. This device has led to a corresponding increase in the number of people playing mobile games. According to a report from SkyQuest on the global mobile game market, there were 1.4 billion active mobile game players in 2014 and this number has increased to 3.13 billion by the end of 2021.
Income levels are rising globally, especially in emerging markets like China and India. This means more and more people have disposable income to spend on game content. In addition, the Chinese game market is expected to grow significantly in the next few years. China is already the largest PC game market, and it has also become the largest mobile game market.
In addition, mobile gamers are becoming more and more demanding in product selection. They want games that are challenging and engaging, with good graphics and gameplay. This has led to an increase in investment in the mobile game industry, as developers strive to create games that meet these expectations. Furthermore, social media and online platforms like Twitch have helped popularize the game on mobile devices.