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Mobile and Handheld Gaming Market is projected to rise to a valuation of around US$ 112 Bn by the end of 2026
Mobile and Handheld Gaming Market 2022
Persistence Market Research recently published its report on the global market for mobile & handheld gaming, excerpts from which project that market to grow at 10.3% CAGR and bring in over US$ 112 Bn revenues by the end of 2026.
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Unique graphic interfaces will continue to lure millions of mobile phone users towards the virtually-captivating realm of gaming. Even the most ardent gaming enthusiasts, who have championed several computer-based and console-based games, will also grow fond of mobile and handheld gaming.
According to Persistence Market Research's report -
The global market for mobile & handheld gaming will witness an absolute $ opportunity of US$ 73.6 Bn between 2016 and 2026
At present, the market is valued at US$ 42.3 Bn, witnessing highest contribution from the Asia-Pacific (APAC) region
The mobile & handheld gaming market in APAC region will be the largest market, procuring more than US$ 50 Bn in revenues by 2026-end
While the mobile & handheld gaming revenues in APAC region will surge rampantly at 12.4% CAGR, North America will also showcase revenue growth at more than 9.5% CAGR
Prominent game developers such as Activision Blizzards Inc., Nintendo Co. Ltd., Sony Corp, and Electronic Arts Inc. are profiled in the report as key players in the global mobile & handheld gaming market. Joining them are companies such as NVIDIA Corp, Microsoft Corp., Ubisoft Entertainment SA, King Digital Entertainment, Plc., Supercell Oy, and The Walt Disney Company (Disney Interactive).
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Mobile & Handheld Gaming: Key Market Trends
Virtual Reality (VR) is observed as the latest trend hitting the global mobile and handheld gaming market. Game developers investing in technologies for development of VR games is a key indicative that the future of mobile & hand-held gaming. Growing popularity of VR-enabled smartphones & mobile phones and rising awareness of VR headsets are also paving way for development of groundbreaking games.
Impact of eSports is also observed as a key trend favoring the growth of mobile and handheld gaming market. Considering its benefits in the games from both developer and gamer, demand for eSport gaming is expected to advance further among mobile phone users, now that leading eSports networks such as ESPN and Fox Sports have directed their content through digital gaming platforms which offer real-time live-streaming features.
Additional Highlights of the Report include:
Within the platform for handheld gaming consoles, gaming software will account for the largest chunk of global revenues - nearly 58 % share - towards the end of 2026
In 2016, smartphones accounted for over US$ 30 Bn revenues in the mobile and handheld gaming market
The report also observes Android as the dominate OS for mobile and handheld gaming, revenues from which are expected to surge at 10.9% CAGR
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Key Questions Answered in the Mobile and Handheld Gaming Market Report
How is the Mobile and Handheld Gaming Market expected to grow over the projected period?
What direction is the Mobile and Handheld Gaming Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Mobile and Handheld Gaming Market in future?
What are the key market drivers in the Mobile and Handheld Gaming Market?
What are significant opportunities and improvement areas for Mobile and Handheld Gaming Market manufacturers?
What are the key developments and trends taking over the Mobile and Handheld Gaming Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Mobile and Handheld Gaming Market?
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