Global Mobile Gaming Market Forecast 2023-2028: Emerging Trends, Gamers Population, Gaming Expenditure, and Regional Analysis

The market for mobile gaming has crossed USD 60 billion by growing at a CAGR of 12% from 2018 to 2022. The highest market share in the world for mobile gaming is held by the Asia Pacific region, followed by North America. China, the United States, Japan, and South Korea are the top four countries in terms of market share.

Over the past ten years, the online gaming industry has grown significantly. The ease of use and accessibility of online gaming are major contributors to its success. Online gamers are currently increasing four times faster than overall internet users. Gamers all over the world are spending more of their free time online due to increased bandwidth and connectivity.

GET THE FREE SAMPLE REPORT:- https://bit.ly/3JlCMQz

Competitive gaming events have become more common as a result of online gaming's explosive expansion and rising popularity. A number of social media platforms, including Facebook and Twitter, now provide free-to-play online multiplayer games.

Increasing Demand for Mobile Games: Mobile gaming is the fastest-growing segment in the online gaming market with the lowest barrier to entry and less room for delays in developing and processing due to COVID-19, proving to be a more cost-effective opportunity for developers, gamers, and publishers alike. The market for mobile games is anticipated to expand due to the increasing adoption of smartphones.


► Industry Positioning
Across the world, Asia-Pacific holds the biggest market share in the coming years, with China, Japan, and South Korea all exhibiting significant growth potential.
Moreover, countries like Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam also have high potential and mobile gaming industry in these countries are expanding rapidly.

► Mini Games Gaining Popularity
With more than 670 million gamers, China accounts for the major market share in the global mobile gaming market followed by US, Japan, Korea, Germany and others.

The expansion of China's mobile gaming industry is driven by the explosive growth of mini-games which can be played without downloading another app within mobile apps like WeChat. Mini-games are popular throughout the China and these are easy to play. They also have significant social components.

► Germany is the Most Advanced Gaming Market in Europe
Mobile gaming has grown to become rapidly advancing industry in the country, holding a 55% share of the overall market and a 22% annual growth rate. With in-app purchases taking the lion's share of the market, mobile gaming income has hit 2,275 million euros.

► New Developments in the UAE
Ubisoft, a major international developer, publisher, and distributor of interactive entertainment products, including games like "Assassin's Creed" and "Prince of Persia," has recently partnered with Twofour54 to establish a games development studio in Abu Dhabi, and the first courses was scheduled in March 2012. Twofour54 is an Abu Dhabi-based organization that supports the creation of Arabic media and entertainment content in the region. As a result, the area helped the region to develop a gaming sector and produce its own video games.

In response to the rising popularity of smartphones and the accessibility of high-speed internet connectivity, the market for mobile games is anticipated to expand. In addition, it is expected that the deployment of 5G technology will speed up the growth of this industry. Mobile gamers, on the other hand, are prepared to shell out a lot of cash on gaming equipment, services, and accessories in order to enhance their gaming experience and increase their chances of winning.

Makreo research has published a study on mobile gaming market titled, "Mobile Gaming Market Report 2023-2028: Global Trends and Forecast by Source, Gamers Population, Expenditure on Gaming, and Regional break-up". The study evaluates online gaming market and further breaks down to mobile gaming market covering user facts, present performance of the global economy, recent industry trends and developments and other factors. Report also highlights performance of online industry and eSports market overview by major geographies. Future outlook section helps to evaluate the expected shifts industry is expecting in near future along with key driving forces.

► Market Assessment:
The report examines the global mobile gaming market considering number of mobile gamers during the assessment period and average expenditure on gaming. Market revenue has been assessed for major contributing countries in the gaming sector.

► Geography Assessed:
North America (US, Canada); Asia (China, Japan, South Korea, India), Europe (UK, Germany), MENA

► Segments Covered:
By Ad Spend
By Source
By Gender
By Geography
By eSports
By Online

► EPTD & Market Dynamics:
We have studied co-relation of major independent factors those have been covered under the sections-
EPTD Analysis (Economic, Political, Technological and Demographic Factors)
Market Trends and Developments

Find out More:- https://www.makreo.com/report/mobile-gaming-market-report-2023-2028-global-trends-and-forecast-by-source-gamers-population-expenditure-on-gaming-and-regional-break-up

Linkedin:- https://www.linkedin.com/company/makreo-research-and-consulting/

Makreo Research and Consulting
Send us a query at info@makreo.com
Phone No: +91-9619699069

Makreo is a market research and consulting firm that works closely with business conglomerates worldwide to help them in many aspects of driving their business growth and assist in making wise decisions with the help of our qualitative & quantitative market insights.

This release was published on openPR.