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Mobile Gaming Market To Generate Revenue worth $261,586.3 Million in 2030

09-13-2022 03:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Mobile Gaming Market To Generate Revenue worth $261,586.3

Even more than gaming on consoles and personal computers, mobile gaming is expanding rapidly. Mobile gaming is showing no signs of slowing off as smartphones grow more common. Gamers are quickly realizing that their smartphones can deliver the same exhilarating experiences as high-end consoles or PCs. Mobile gaming has developed from a simple gaming platform to a serious rival to PC and console games, which is not surprising given the emergence of technology including 5G services and cloud gaming.

Therefore, the global mobile gaming market is set to touch $261,586.3 million by 2030, which is expected to advance at a CAGR of 12.2% between 2021 and 2030. A key reason for the market's expansion is the rising use of smartphones and the implementation of cutting-edge game-making technology. Furthermore, mobile gaming is highly popular, but what factors contribute to its appeal to players? There are 3 primary aspects that make mobile gaming popular among people.

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• Technological Advancements

The development of the mobile gaming business is likely largely due to the ever-evolving technologies in the mobile environment. Since the first mobile phone games of the 1990s, including Snake by Nokia, the games people play today have advanced significantly.

Naturally, "better technology" refers to a wide range of innovations that have improved mobile gaming in a variety of ways. For instance, game developers may create bigger, more graphically complex games that provide gamers with more immersive experiences because of the more capable processing of today's smartphones.

• Cost-Effective, Accessible Gaming

Compared to PC or console games, mobile games are typically far more affordable. Mobile games are frequently only a few dollars or even completely free, but people might have to endure some adverts in the middle of a battle. Because games are more affordable, users may access a massive library in their pockets and test out many different games.

The value for money in mobile games is incredible due to the enhanced visuals, larger game sizes, and overall gameplay experience. Even those who wouldn't describe themselves as "gamers" and who have never had a console sometimes pass the time by playing games on their smartphones. This is due to the ease with which mobile games may be downloaded, as well as the enormous selections available to practically everyone.

• Social gaming

As was already noted, modern mobile games have the better multiplayer capability. Large player lobbies can compete against one another in real-time in games such as Player Unknown Battlegrounds and Fortnite. 18.4 million smartphone downloads of the co-op game Among Us were made in only the month of August.

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However, more than simply these classic multiplayer games have made gaming on mobile very social. It is relatively simple to link a mobile game with many social platforms that players' cellphones are already set up. As a result, many traditional games, now have leaderboards, prizes, and other publicly accessible metrics that can be shared with your friends on social media.

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P&S Intelligence
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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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