Press release
Mobile And Handheld Gaming Market Robust pace of Industry during - 2033
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According to Persistence Market Research's report -
• The global market for mobile & handheld gaming will witness an absolute $ opportunity of US$ 73.6 Billion between 2016 and 2026
• At present, the market is valued at US$ 42.3 Billion, 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 Billion 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
• NVIDIA Corp
• Microsoft Corp
• Ubisoft Entertainment SA
• King Digital Entertainment, Plc
• Supercell Oy
• The Walt Disney Company (Disney Interactive)
• Others
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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 Billion 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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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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