Mobile Games Market Expected to Grow Significantly by 2027|CAGR: 15.8%| UnivDatos Market Outlook | News

NOIDA, India, May 18, 2022 /PRNewswire/ — A comprehensive overview of the mobile gaming market has recently been added by UnivDatos Market Insights to its massive database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report uses several analyzes to get a more accurate view of the mobile games market in the global context. This report offers a detailed analysis of the latest industry developments and trending factors influencing market growth. Additionally, this statistical market research repository examines and estimates the mobile games market at regional and country level. Mobile Games The market is expected to grow at a CAGR of approximately 15.8% between 2021 and 2027.

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Market overview

Growing smartphone penetration and technological advancements with increasing adoption of trending technologies for game development are major factors in the development of the mobile gaming industry. In-game purchasing, i.e. the option to purchase additional in-game privileges, is an important revenue-generating channel for the mobile gaming industry. The flexibility of payment methods in games also facilitates the growth of mobile game revenue worldwide. The hardware capabilities of smartphones have rapidly increased over the past couple of years. According to Unity Technologies, the best mobile chipsets deliver better performance with less battery drain, powering higher screen resolutions on screen sizes that now average 6 inches.

Impact of COVID-19

The mobile gaming industry has seen a dramatic increase during the pandemic-enforced lockdown around the world. The outbreak of COVID-19 has boosted public interest in online gaming due to lockdown mandates around the world, allowing people to have more free time to engage in games and hobbies. . Additionally, social distancing mandates have increased the internet user base. Mobile gaming technology is being used to improve engagement, while cloud computing will be an important aspect of this.

5G cloud gaming has become the next big trend in the market. As a result, telecom operators around the world are gearing up to conduct 5G trials, and gaming companies are looking to beef up their product lineup based on 5G-based applications. The increased use of various cloud gaming services would see the mobile gaming market steadily rise over the next few years. In addition, increased investments by industry players to foster R&D activities would provide significant market opportunities.

For example: Onset of pandemic and ensuing lockdown boosted mobile games in 2018, survey finds India45% of Indians who started playing games on their smartphones during this period. This has also led to an increase in the time spent on mobile games and the number of applications experienced. Among engaged gamers, 40% spent more time on gaming apps, while 38% increased the variety of games they played.

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The Mobile Games market report is studied extensively with several aspects which would help the stakeholders to make their decisions more carefully.

By Platform, the market is primarily split into:

By platform, the mobile games market is classified into Android, iOS and others. Android segment accounted for the largest market share in 2020 and is expected to witness significant growth rate during the forecast period.

By Devices, the market is primarily studied in:

Based on devices, the mobile games market is segmented into smartphones, tablets and others. The smartphone segment accounted for the largest market share in 2020 and is expected to witness a significant growth rate over the forecast period.

By age group, the market is primarily studied in:

  • Under 24
  • 25-44
  • Above 45

Among age groups, the mobile games market is segmented into under 24, 25-44 and over 45. In this segment, less than 24 are expected to register the highest growth rate in the mobile games market. The high growth rate of this segment can be attributed to the rapid adoption of advanced technologies by the under 24 age group.

Region segmentation of mobile games market includes:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on the estimate, Asia Pacific dominated the market in 2020. Asia Pacific is expected to witness the highest growth in CAGR over the forecast period.

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Key players targeting the market include:

  • ActivisionBlizzard
  • Tencent
  • sony
  • Microsoft
  • nintendo
  • Apple
  • electronic arts
  • Google
  • Niantic
  • bandai namco

Competitive landscape

The degree of competition among the leading companies has been worked out by analyzing several key leading players operating in the global context. The specialized team of research analysts shed light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the mobile games market. Major players have been analyzed using different research methodologies to get competitive insights in the market.

Key questions answered through this analytical market research report include:

  • What are the latest trends, patterns, and advancements in the Mobile Games market?
  • What factors are influencing the mobile games market over the forecast period?
  • What are the global challenges, threats and risks in the Mobile Games market?
  • What factors are driving and restraining the Mobile Games Market?
  • Which are the demanding global regions of the Mobile Games Market?
  • How big will the market be in the coming years?
  • What are the crucial market acquisition strategies and policies applied by companies?

We understand the requirements of different companies, regions and countries, we offer customized reports according to your business requirements. Please let us know if you have any custom requirements.

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing information through market intelligence reports, custom business research and primary research. Our research studies are spread across topics across the globe, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis and custom reports that help shape winning business strategies for our clients.

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