Mobile Gaming Market Size, Share, Growth, and Industry Analysis by Type (Android, IOS, and Windows), By Application (Action/Adventure, Arcade, Strategy & Brain, Casino, Casual, Sport, and Role Playing Games) Regional Forecast By 2031

Updated On: 15 April 2024

Mobile Gaming Market Report Overview

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The global mobile gaming market size was USD 1966.86 million in 2021, as per our research, the market is expected to reach USD 3,826.75 million by 2031, exhibiting a CAGR of 6.95% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the mobile gaming industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Graphing calculators, smartwatches, PDAs, smartphones, tablets, and other mobile devices can all be used to play AA games. Any device that can be accessed electronically, including computers, mobile devices, gaming consoles, and others, can be used to play electronic games. The creation of mobile games has made it possible for the gaming sector to scale. Additionally, social media sites like Facebook and Instagram are creating cutting-edge mobile games to differentiate their services and improve their advertising techniques through the use of fun games. The gaming industry, which is anticipated to grow for mobile games, is also receiving backing from numerous governments throughout the world through the establishment of funds.

COVID-19 Impact: Company's Investment in Online Campaigns Which Boosted Growth in the Market

Although COVID-19 has changed how the globe does business, pandemics have had a favorable impact on the gaming sector. The mobile gaming sector served as a means of relief for people during these trying times. Mobile games may help people unwind, have fun, and interact with others—all things that were much needed, particularly during the global quarantine.

LATEST TRENDS

"Online Gaming Platforms to Drive Market Trends"

Global income levels are rising, particularly in developing nations like China and India. This indicates that more consumers have extra money to spend on video game content. Additionally, in the coming years, it is anticipated that the Chinese gaming sector would expand dramatically. In addition to already being the biggest market for PC games, China is now the biggest country for mobile games. Platforms like Facebook and Instagram have started to create creative mobile games as well in order to guarantee high levels of product differentiation and gain from fun games to improve their marketing techniques.

Mobile Gaming Market Segmentation

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• By Type Analysis

By type, the market is segmented into Android, IOS, and Windows.

• By Application Analysis

Based on application, the market is classified into Action/Adventure, Arcade, Strategy & Brain, Casino, Casual, Sport, and Role Playing Games.

DRIVING FACTORS

"Technological Advancements to Prosper Service Demand"

Smartphone use, technological breakthroughs, and a rise in the use of hot technologies for game development have all had a significant impact on this quickly growing sector. Around the world, the gaming business is expanding, and cellphones are essential to this expansion. Online gaming has become increasingly practical in recent years thanks to the increased accessibility of fast internet, particularly in emerging economies. Smartphones have a big impact on the global gaming business, which is growing. The creation of mobile games has made the gaming industry scalable.

"Increasing Adoption of Cloud Gaming to Surge Market Growth"

By giving mobile game developers better opportunities for mobile gaming market growth, cloud gaming is revolutionizing the mobile games industry. As it requires less capacity on smartphones to unlock the game, cloud gaming has been embraced by a number of technology businesses and players. Additionally, AR enables players to interact with the audio and visual content of the game in a more realistic environment. A step further, virtual reality (VR) gives users a first-person perspective, 360-degree vision, and an immersive real-world experience. Mobile games like Pokémon Go and Ingress are also the most downloaded AR genre in app stores.

RESTRAINING FACTORS

"Complexity of Game to Hamper Growth in Market"

Making sure that players enjoy their time playing mobile games is one of the toughest problems. This includes handling in-game microtransactions in a way that doesn't annoy players, making sure that games are safe and fair, and offering customer support. Dealing with the growing complexity of mobile game production is another difficulty.

Mobile Gaming Market Regional Insights

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"Increasing Sales of Mobile Phones to Foster Growth in Asia Pacific"

Asia Pacific is expected to have the largest mobile gaming market share. Due to the burgeoning middle class in developing nations like China and India, the industry in the region is being pushed by an increase in internet access as well as increased mobile phone sales. Many companies view the region as a hotspot for investment because of its expanding middle-class and young population, which is more wealthy and tech-savvy than ever. Additionally, India is taking steps to promote values and ideals through gaming.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in the Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Garena (Singapore)
• IGG (Singapore)
• Asia Soft (Thailand)
• Ezjoy (Malaysia)
• Ini3 Digital Plc (Thailand)
• Moonton (China)
• GM5 (Brazil)
• Cib mall (Egypt)
• Altitude Games (Singapore)
• Nubee (Singapore)
• CubizoneM (Thailand)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2017 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.