Global Mobile Games Market Report 2022

NEW YORK, Sep 12, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “Mobile Gaming Global Market Report 2022” – https://www.reportlinker.com/p06319270/?utm_source=GNW

The global mobile gaming market is expected to grow from $101.21 billion in 2021 to $116.43 billion in 2022 at a compound annual growth rate (CAGR) of 15.04%. The mobile gaming market is expected to grow to US$209.12 billion in 2026 with a compound annual growth rate (CAGR) of 15.77%.

The mobile gaming market consists of sales of mobile gaming services by entities (enterprises, sole traders, partnerships) that are games designed and played on mobile devices such as smartphones, feature phones, pocket computers, personal digital assistants (PDAs), and tablets. , and others. Mobile games range from simple to complex games that include 3D games, AR (Augmented Reality) and more.

The main types of devices used for mobile gaming include smartphone, smartwatch, PDA, tablet and others. Smartphone games are designed for the mobile device that combines the features of computer and phone in one device.

Smartphones are more preferred for gaming due to its features and processing capabilities, these mobile games can be played in operating systems like android, iOS, windows etc and can be of genres like action, adventure, arcade, role playing, sports, etc.

Mobile games can be provided for free or with a premium subscription.

The Asia Pacific was the largest region of the mobile gaming market in 2021. The regions covered in the mobile gaming market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Mobile Games Market Research Report is one of a series of new reports that provide mobile gaming market statistics, including global mobile gaming industry market size, regional shares, competitors with a share in mobile gaming market, detailed mobile gaming market segments, market trends opportunities, and any other data you may need to thrive in the mobile gaming industry. This Mobile Game Market Research Report offers a complete perspective on everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing penetration of smartphones is expected to lead to the growth of the mobile gaming market, where the use of smartphones is increasing due to various reasons such as the increasing penetration of the internet, the increasing use of social media, convenience of communication, affordability of phones with enhanced features, social status and increasing income and dependence on phones and more.

The increasing prevalence of smartphones will create a huge demand for mobile games as they are widely used for playing games and spending free time. For example, according to a survey of smartphone ownership conducted by a nonpartisan US think tank, the proportion of Americans who own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was only 35% a decade ago (in 2011) .

This indicates that the penetration of smartphones is increasing and, therefore, will lead to the growth of the mobile gaming market.

Technological advancement is a major trend gaining popularity in the mobile gaming market, and the market is seeing the integration of virtual reality (VR) and augmented reality (AR) technologies into mobile games for truly immersive gaming experiences.

Virtual reality is a computer-generated environment with scenes and objects that appear real, while augmented reality combines virtual information with the real world, and virtual reality allows players to escape from reality by immersing themselves in a different gaming environment or reality through virtual reality glasses.

Augmented reality does not move from an existing location to a different location, instead, it amplifies or modifies some aspect of the existing environment in the game, and the major players are focused on offering technologically advanced mobile games to strengthen their position in the market.

For example, in April 2022, Meta (formerly Facebook), the US tech company, showcased the 2022 Meta Quest Gaming and unveiled a virtual reality (VR) version of Ghostbusters. Ghostbusters VR will allow players to hunt, blast and capture ghosts in the world of Ghostbusters, with single and multiplayer game modes available.

In April 2021, Electronic Arts (EA), a US-based video game company that publishes games for console, PC and mobile, acquired Glu Mobile for $2.4 billion. The acquisition accelerates EA’s mobile portfolio expansion and fuels new mobile experiences. Glu Mobile is a US-based company that develops and publishes freemium games for smartphones and tablets.

The countries covered in the mobile gaming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06319270/?utm_source=GNW

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